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Even Fidelity’s star manager frets about Robinhood

Will Danoff, who manages $230 billion for the fund giant, notes that mutual funds have become less popular with investors


Fed signals rates to remain near zero for at least three years

The central bank said again that it will continue buying Treasuries and mortgage-backed securities 'at least at the current pace'


JPMorgan says $200 billion could exit stocks this quarter

Sovereign wealth funds and pension funds are likely to rebalance their portfolios after the equity market's big run-up


Apollo joins other private equity players in impact investing arena

Leaders say new platform will incorporate Apollo's secret sauce and will target later stage companies


JPMorgan sees productivity decline for staff working from home

Employees' output was particularly affected on Mondays and Fridays, CEO Jamie Dimon told analysts in a private meeting


Steve Cohen strikes deal to buy New York Mets

The billionaire hedge fund manager rooted for the team while growing up on Long Island


Biden tax plans mean bigger bills for millionaires

The Democratic presidential candidate's proposals would have little effect on the taxes paid by those earning less than $400,000 a year


Goldman, Deutsche say stock sell-off may be nearing an end

The magnitude of the recent slide matches a 'typical' sell-off in the S&P 500 since the financial crisis


UBS chairman explores merger with Credit Suisse: Report

Such a deal would create one of Europe's largest banks at a point when the industry is under pressure to consolidate


America’s $20 trillion debt pile is getting cheaper

The U.S. deficit has ballooned in recent months, but the decline in interest rates has cut the cost of servicing the debt

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