Search Results for: Fidelity
Jack Ma, ‘capital-lite’ model impress at Alibaba’s Boston IPO event
September 10th, 2014
Alibaba Group Holding Ltd has two major things going for it as it prepares for an initial public offering that could raise more than $21 billion: founder Jack Ma and a “capital-lite” business model. While corporate governance remains a ...
Free Money for Germany is Bad News for Euro
August 21st, 2014
When investors are willing to lend money to Germany for two years for free, at a zero interest rate, you know the euro project is in trouble again. Germany yesterday sold 4.04 billion euros ($5.3 billion) of notes that ...
U.S. SEC poised to adopt reforms for money market funds
July 23rd, 2014
U.S. regulators are expected to adopt rules on Wednesday that force “prime” money market funds used by large institutions to float their share price. Proponents have suggested that moving from the current stable $1 per share net asset value ...
Bull market sends 401(k)s soaring to record highs
July 18th, 2014
The bull market has sent 401(k) retirement plan balances soaring to record highs, according to an analysis by Fidelity Investments released today. Fidelity analyzed its accounts for 13 million workers with 401(k) plans as well as its IRA balances ...
Irishman fined €2,000 for Facebook ‘frape’
July 2nd, 2014
An Irish court has brought the first prosecution for criminal damage to a social media account, fining a man €2,000 for falsely posting an offensive status update on his ex-girlfriend’s Facebook account. Referred to by the slang term to ...
Eurozone inflation rate fall adds to pressure on ECB
June 4th, 2014
Eurozone inflation fell to 0.5% in May, down from 0.7% in April and well below the European Central Bank’s 2% target. The fall means the ECB will be expected to take steps to boost growth and counter the threat ...
What Beats by Apple would mean for music, and you
May 12th, 2014
It’s an odd pairing, really, the gadget-obsessed tech giant from Silicon Valley teaming up with hip-hop super producer Dr. Dre and music mogul Jimmy Iovine. But late Thursday, reports surfaced that a $3.2 billion deal was in the works ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
