Investing and Transactions

Financials

Growth hedge funds suffer worst rout in years

Stock markets’ selloff in January dealt double-digit losses to a range of hedge funds investing in technology and other fast-growing companies, sparking questions about whether a popular and lucrative strategy for these firms is running out of steam.

Media

AT&T sets WarnerMedia spinoff plan and lowers its dividend

AT&T Inc. said it would roughly halve its dividend payout and divest itself of its WarnerMedia division through a spinoff that would give shareholders 0.24 share for each AT&T share they own, a move that would complete its retreat from the entertainment business.

Media

Dave Ramsey: How to become a millionaire

Personal finance expert Dave Ramsey provided tips on how to become a millionaire, stressing that “the number one most powerful wealth-building tool that the typical person has is their income.”