Philly refiner defers retirement fund payments to employees: letter

Philadelphia Energy Solutions will defer retirement payments to union members until next year, the company said in a letter to the union last week, the latest sign the refiner is struggling to find…

Investors shun equities, pile into bonds in past week: BAML

Investors are neither extremely bullish nor bearish, according to Bank of America Merrill Lynch’s gauge of market sentiment, as they weigh the impact of trade tensions between the United States and…

U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions

Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by…

Soros Fund Management increases stake in Tesla convertible bonds: filings

Billionaire George Soros’ investment firm, Soros Fund Management Llc, raised its stake in Tesla Inc’s convertible bonds due in 2021 by 17.5 million convertible bonds to 37.5 million convertible…

Big U.S. hedge funds regain ardor for FAANGs in first quarter: filings

Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.

Buffett’s Berkshire unveils $861 million Amazon stake

Warren Buffett’s Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief…

Your money: Should you pay to stop phone spam?

If your phone log is anything like mine, the list of incoming scam calls makes it look like you work for the State Department: Sri Lanka, Lithuania, Russia, Bosnia, Benin, Croatia and Sierra Leone….