Business

By Nell Mackenzie LONDON (Reuters) – Hedge funds bought U.S. tech and media stocks at the fastest pace in four months last week, said a Goldman Sachs prime brokerage note to clients seen by Reuters on Monday, spurred by the Federal Reserve’s anticipated 50-basis point rate cut. Falling rates are …

(Bloomberg) — Investors should lock in gains on US defensive stocks as their recent outperformance has left valuations looking pricey, according to Morgan Stanley strategists. Most Read from Bloomberg The team led by Michael Wilson turned neutral on so-called defensives relative to economy-linked cyclical sectors, saying they are awaiting “more …

Qualcomm has recently initiated discussions with Intel to explore a potential acquisition, reports Reuters citing sources. The talks, which involve Qualcomm CEO Cristiano Amon, are at an early stage, with no formal offer yet made for the chipmaker. Qualcomm’s interest in Intel comes at a time when the latter is …

By Iain Withers and Sinead Cruise LONDON (Reuters) – British investment managers Legal & General and Schroders are to invest hundreds of millions of dollars in commercial property in the United States, but are largely steering clear of the hard-hit office sector, the companies told Reuters. The fund managers, which …

(Bloomberg) — PT Barito Renewables Energy shares plunged by the daily limit for a second day after FTSE Russell said it would exclude the company from its indexes. Most Read from Bloomberg The shares fell 20%, bringing losses since Thursday to nearly 36%. The index compiler said the Indonesian power …

HONG KONG (AP) — Asian stocks were mostly higher on Monday, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, China and Britain. U.S. futures and oil prices were higher. Chinese stocks got a lift after the central bank lowered its 14-day reverse repurchase rate to …

(Bloomberg) — Gold touched a record high ahead of US data that’s expected to give clues on whether the Federal Reserve’s 50-basis-point rate reduction last week will be the first in a series of aggressive cuts. Most Read from Bloomberg Bullion rose as much as 0.2% to hit $2,625.89 an …

(Bloomberg) — China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation authorities are preparing to ramp up efforts to revive growth. Most Read from Bloomberg Authorities announced Monday that central bank governor …

Dave Ramsey Tells 29-Year-Old $1M In Debt And Spending Like She’s In Congress: ‘I’m Getting Ready To Destroy Your Life As You Know It’ Many people in their 20s deal with credit card debt or student loans, sometimes thinking they’ll figure it out later. But what happens when that debt …

(Reuters) -U.S.-based asset management company Apollo Global Management has offered to make an investment of as much as $5 billion in Intel, Bloomberg News reported on Sunday. Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report …