In response to a downturn in China's markets and as part of a global cost reduction initiative, fund manager Fidelity International (FIL) is reportedly planning to lay off approximately 20 employees from its main unit in China.

Fidelity International plans layoffs amid China market challenges

Social media giant Twitter, acquired by billionaire Elon Musk for a staggering $44 billion, has seen its market value plummet to just one-third of its purchase price, a Reuters report said.

Twitter's worth takes a tumble: Elon Musk's $44 billion investment deflates

Mutual funds managed by Morgan Stanley, Fidelity, and BlackRock have been hit hard by the recent collapse of Silicon Valley Bank and Signature Bank, according to Morningstar data.

US bank failures impact mutual fund portfolios

Ryan Cohen, the billionaire investor, is preparing to acquire a large stake in Nordstrom in order to shake up its board, said Reuters citing people familiar with the matter.

Billionaire Ryan Cohen preps to up stake in Nordstrom to shake up board

Starting Wednesday, most Fidelity clients will be able to authorise Coinbase, one of the largest crypto-currency exchanges in the United States, to provide the fund manager with data on their holdings

Now users can access their digital currency on Fidelity website

fidelity

Fidelity, News on Fidelity, stories on Fidelity, articles on Fidelity, Fidelity stories at Wion, Fidelity news, Fidelity latest news