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BlackRock’s iShares flows top Vanguard’s ETFs, fixed income on the up

By Davide Barbuscia NEW YORK (Reuters) – BlackRock’s iShares exchange traded funds (ETFs) gained more net flows than Vanguard’s ETFs last year, according to estimates from industry tracker Morningstar, putting the world’s biggest asset manager in the lead for the first time since 2019. BlackRock and Vanguard are the world’s two biggest asset managers as …

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Biden ‘surprised’ about finding of classified documents, vows cooperation

By Jarrett Renshaw MEXICO CITY (Reuters) -President Joe Biden said on Tuesday he was surprised to learn that classified documents were found in a think-tank office he once used and said he and his team are cooperating fully with a review into what happened. Biden told reporters at a joint news conference with the leaders …

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Strength of ‘weak ties’: How casual contacts can boost your career

By Chris Taylor NEW YORK (Reuters) – When Lauren Hopkins snagged a gig in student affairs at Virginia Commonwealth University in Richmond, Virginia, she figured she knew whom to thank. After all, a close friend of hers was best buddies with the hiring manager. It had to be him, right? Nope. Turns out her “mystery …

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Analysis-With banks’ results on tap, options traders prepare for volatility

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are bracing for volatility in U.S. bank shares days ahead of an earnings season many believe will bring lower profits and reflect worries over an expected recession. Current market positioning signals a gloomy outlook: The one-month moving average of open puts on the Financial Select …

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Macro hedge funds end 2022 on high, many others lose big, investors say

By Svea Herbst-Bayliss NEW YORK (Reuters) -Some hedge funds that bet on macroeconomic trends boasted eye-popping double and even triple digit gains for 2022, investors said, while other prominent firms that were long on technology stocks got clobbered with deep losses in volatile markets. Rokos Capital, run by Chris Rokos and one of a handful …

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Bed Bath & Beyond posts loss, sales slump, as bankruptcy threat looms

By Arriana McLymore and Deborah Mary Sophia (Reuters) -Bed Bath & Beyond Inc on Tuesday reported a much wider-than-expected quarterly loss and sales that plunged by a third, failing to halt the months-long cash burn that led to warnings of a possible bankruptcy. The home goods seller has been struggling with a dwindling cash pile …

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Storms bring mudslides, evacuations to California with more rain forecast

By Jorge Garcia LA CONCHITA, Calif. (Reuters) – The latest Pacific storm unleashed torrential downpours and damaging winds in California on Tuesday, knocking out power and turning city streets into rivers as mudslides cut off highways and entire communities faced evacuation orders. More than 33 million Californians were threatened by severe weather throughout the day …

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Reaction to the death of Australian Cardinal George Pell

SYDNEY (Reuters) – Following are reactions to the death of Australian Cardinal George Pell, a leading Roman Catholic conservative and former top Vatican official who in 2020 was acquitted of sexual abuse allegations. PRIME MINISTER ANTHONY ALBANESE “For many people, particularly of the Catholic faith, this will be a difficult day and I express my …

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Ecuador lowers taxes on capital sent abroad, guns

QUITO (Reuters) – Ecuador will lower taxes on capital sent abroad and items like alcohol and trim overall value-added tax on specific shopping days this year, President Guillermo Lasso said on Tuesday. Capital sent abroad will this year be taxed at 2%, instead of 4%, Lasso said in a televised address, making imported products like …

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U.S. judge rules Apple Watches infringed Masimo patent – medical device maker

(Reuters) – A U.S. judge ruled that Apple had infringed on one of Masimo Corp’s pulse oximeter patents by importing and selling certain Apple Watches with light-based pulse oximetry functionality and components, Masimo said on Tuesday. The United States International Trade Commission (USITC) will now consider whether to implement an import ban on these Apple Watches, …

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