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Chinese internet stock sell-off may shake faith in FANGs

SAN FRANCISCO (Reuters) - A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Read More

 

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  • Chicago teachers pension fund divesting from private prisons

    NEW YORK (Reuters) - The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an outsized negative impact on minorities and the poor.

  • Trump backs CEOs, proposes easing corporate reporting rules

    NEW YORK/WASHINGTON (Reuters) - U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.

  • Kill quarterly reporting? Some investors ring alarm bells

    NEW YORK (Reuters) - Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.

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