NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) Based on the years Alan Alda has spent in your living room, you may think the 82-year-old actor is one of your best friends. His ability to connect with audiences –... More »
NEW YORK (Reuters) – My kids got a great report from the dentist at their last checkup. From the receptionist? Not so much. When I went to make an appointment for their next cleaning in six months, she shocked me by saying I owed nearly $3,000 in charges datin... More »
(Reuters) – (The author is a Reuters contributor. The opinions expressed are her own.) Twenty years ago, Seth Goldman succeeded in his years-long quest to find an after-run drink that was tasty, yet low in sugar and calories. His Honest Tea is now ubiquitous i... More »
NEW YORK (Reuters) – U.S. fund investors peeled out of stocks, pulling the most cash since February in the most recent week as global trade tensions vexed markets, Investment Company Institute data showed on Thursday. Investors snatched $18 billion from U.S.-b... More »
LONDON (Reuters) – Two of Europe’s leading macro hedge fund investors are backing a machine learning data analytics firm that aims to give traders an edge in picking winning bets across stocks and indexes. Alan Howard, founder of Brevan Howard, and Jens-Peter ... More »
CHICAGO (Reuters) – (The writer is a Reuters columnist. The opinions expressed are his own.) Navigating Medicare can be complicated, but one big change recently introduced requires that you do absolutely nothing beyond opening an envelope. In fact, doing just ... More »
NEW YORK (Reuters) – (The writer is a Reuters contributor. The opinions expressed are his own.) You have no doubt heard the name Zuckerberg. But what you may not know is that the family has more than one media mogul around the holiday dinner table. Mark’s sist... More »
NEW YORK (Reuters) – An investor on Friday filed a lawsuit against managers of a U.S. mutual fund that relied heavily on a strategy that profits from calm markets but lost four-fifths of its value in turmoil this week. In a complaint seeking class-action statu... More »
A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder/File Photo BOSTON/NEW YORK (Reuters) – Fidelity Investments on Friday told clients they could not buy shares in an exchange-traded fund that bets... More »
FILE PHOTO – A visitor takes a picture of the Instagram application logo at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau NEW YORK (Reuters) – Jessica Jones, 26, jokes that when she wants to spend more money, she goes... More »
NEW YORK (Reuters) – U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday. Relatively low-risk money-market funds recorded $26 billion in... More »
U.S. service member stands guard as an U.S. military transport plane lands at the Kandahar air base, Afghanistan January 23, 2018. REUTERS/Omar Sobhani – RC1A69651DE0 NEW YORK (Reuters) – No matter how U.S. tax policies evolve in the future, it is doubtful tha... More »
NEW YORK (Reuters) – Och-Ziff Capital Management Group LLC rode bets on Asian stocks and U.S. corporate mergers to strong returns in 2017 – its best showing in years – but remained challenged by succession planning, declining assets and a stagnant stock price.... More »
NEW YORK (Reuters) – U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors’ wariness about markets has given way to exube... More »
FILE PHOTO – A woman walks with her dog into the surf at Fingal Beach, located just 1 km (0.62 miles) south of the Queensland and New South Wales border, near the town of Tweed Heads June 22, 2013. REUTERS/David Gray NEW YORK(Reuters) – Try to imagine the “wor... More »
A student sits in a hallway as he looks through a text book in Chicago, Illinois February 14, 2013. REUTERS/Jim Young CHICAGO (Reuters) – Uncle Sam has given families the green light to use $10,000 per child each year to pay for private schools out of 529 savi... More »
FILE PHOTO: A man types on a computer keyboard in this illustration picture taken February 28, 2013. REUTERS/Kacper Pempel/Illustration/File Photo CHICAGO (Reuters) – More than 34 million Americans now conduct business with the Social Security Administration (... More »
FILE PHOTO: The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville /File Photo (Reuters) – U.S. hedge fund Tiger Global Management has investe... More »
FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File Photo (Reuters) – Morgan Stanley reported quarterly results on Thursday, rounding o... More »
NEW YORK (Reuters) – U.S. fund investors pulled $3.1 billion from high-yield “junk” bonds during the latest week, Lipper data showed on Thursday, offering new warning signs about risk appetite despite global markets’ continuing triumph. The junk bond withdrawa... More »
(Reuters) – TMX Group’s (X.TO) head of equity capital markets, Nicholas Thadaney, is leaving Canada’s biggest stock exchange operator after a reorganization of the company, Chief Executive Officer Lou Eccleston said. Thadaney’s role as president and CEO of cap... More »
FILE PHOTO: Omeed Malik, managing director and global head of capital strategy at Bank of America Merrill Lynch, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo NEW YORK (Reuters) – Omeed Malik, a for... More »
A generic picture of a some office folders or binders. OFFPO REUTERS/Catherine Benson NEW YORK (Reuters) – Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, ... More »
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo NEW YORK (Reuters) – U.S. investors poured $4.7 billion into so-called socially responsible mutual funds and exchange-traded funds in ... More »
Vanguard Group CEO Mortimer “Tim” Buckley is pictured in this undated handout photo obtained by Reuters January 11, 2018. Vanguard Group/Handout via REUTERS BOSTON (Reuters) – Vanguard Group Inc’s vast scale helps it promote efficient markets, its new chief ex... More »
FILE PHOTO: Barry Rosenstein, managing partner of Jana Partners, speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014. SALT is produced by SkyBridge Capital, a global investment firm. REUTERS/Rick Wilking/File Photo BOSTON (Reuters) – ... More »
Leandra English (L), current acting director of the Consumer Financial Protection Bureau (CFPB) meets with Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) (not pictured) in Capitol Hill, Washington, D.C., November 27, 2017. RE... More »
FRANKFURT (Reuters) – German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said. The company is worki... More »
(Reuters) – PNC Financial Services Group Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also forecast mid-single digit loan and revenue growth for 2018. The... More »
(Reuters) – U.S. regional lender PNC Financial Services reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth. The Pittsburgh, Pennsylvania-based bank said on Friday that net income attributable t... More »
NEW YORK (Reuters) – Investors’ appetite for risk was on display this week as U.S.-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows, and U.S.-based equity exchange-traded funds attracted $10.6 billion, acco... More »
Graduating seniors line up to receive their diplomas during Commencement at Wellesley College in Wellesley, Massachusetts, U.S., May 26, 2017. REUTERS/Brian Snyder (The Jan. 10 story was refiled to clarify description of Sallie Mae as a student loan lender ins... More »
Billionaire bond veteran Bill Gross of Janus Henderson said on Thursday that the U.S. Treasury market has begun a bear market, though "not a dangerous one" for investors. More »
FILE PHOTO: Hands are held in Sun City, Arizona, January 2013. REUTERS/Lucy Nicholson CHICAGO (Reuters) – Finding a safe, high-quality nursing home for a loved one is never an easy task. Complicated decisions often are made at a moment of emotional crisis and ... More »
FILE PHOTO: Office of Management and Budget (OMB) Director Mick Mulvaney speaks to the media at the U.S. Consumer Financial Protection Bureau (CFPB), where he began work earlier in the day after being named acting director by U.S. President Donald Trump in Was... More »
While U.S. stocks are now in an "accelerating phase," billionaire investor Jeffrey Gundlach is predicting that the S&P 500 will post a negative rate of return in 2018. More »
BOSTON (Reuters) – A Massachusetts hedge fund manager pleaded guilty on Tuesday after prosecutors accused him of misusing millions of dollars from investors to pay for lavish personal expenses like a sports car and to engage in a Ponzi-like scheme. Yasuna Mura... More »
FILE PHOTO: Drew Gilpin Faust speaks to reporters after being introduced as the 28th president of Harvard University in Cambridge, Massachusetts February 11, 2007. REUTERS/Adam Hunger NEW YORK (Reuters) – (This January 4 story has been refiled to remove refere... More »
NEW YORK (Reuters) – Investors sitting on U.S. stock returns need a place to put the money, and the big winners are international markets and high-rated debt issuers from corporations to governments. U.S. fund investors pulled $8.4 billion from stocks and funn... More »
BOSTON (Reuters) – A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Activist hedge fund Marcato Capital Managem... More »
A tax form is pictured on tax deadline day at the main Post Office in New York April 15, 2009. REUTERS/Chip East NEW YORK (Reuters) – There will be no holiday slowdown this year for tax consultant Jonathan Traub, who skipped hitting the ski slopes with his fam... More »
NEW YORK (Reuters) – U.S.-based equity funds posted $22.2 billion of outflows in the week ended Dec. 20, the largest cash withdrawals for 2017, according to Lipper data on Thursday. U.S.-based equity mutual funds posted $12.2 billion of outflows in the week en... More »
A cake decorated for the 116th birthday celebration of Susannah Mushatt Jones, known as “Miss Susie” rests on a table before the start of the festivities in the Brooklyn borough of New York, July 7, 2015. REUTERS/Lucas Jackson CHICAGO (Reuters) – The Republica... More »
A rose is covered with fresh snow on a cold winter day in the village of Lavacherie, Belgium December 3, 2017. REUTERS/Yves Herman NEW YORK (Reuters) – Acrimonious couples who were racing to get divorced by Dec. 31 or face dire tax consequences can breathe a s... More »
FILE PHOTO: 70th Cannes Film Festival – Model Petra Nemcova poses on the red carpet prior to the screening of the film “Nelyubov” (Loveless) in Cannes, France, May 18, 2017. REUTERS/Stephane Mahe/File Photo NEW YORK (Reuters) – If Petra Nemcova’s life were a m... More »
The top of the cap of a graduating student is pictured during their graduation ceremony at UC San Diego in San Diego, California, U.S. June 17, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – Families with children in private or parochial school will be able to ... More »
FILE PHOTO – Graduates celebrate receiving a Masters in Business Administration from Columbia University during the year’s commencement ceremony in New York in this May 18, 2005 file photo. dreams of many college seniors. REUTERS/Chip East/Files CHICAGO (Reute... More »
FILE PHOTO: Chickenfoot guitarist Joe Satriani (L) performs with singer Sammy Hagar during the 43rd Montreux Jazz Festival early July 5, 2009. REUTERS/Denis Balibouse/File Photo (The writer is a Reuters contributor. The opinions expressed are his own.) By Chri... More »
Copies of tax legislation are seen during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., November 15, 2017. REUTERS/Aaron P. Bernstein NEW YORK (Reuters) – Financial advisers and accountants are working overtime as many U.S. taxpa... More »
A man walks the campus of the City College of New York in the Harlem borough of New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz NEW YORK (Reuters) – In the lead-up to the conference agreement for the U.S. Tax Cut & Jobs Act released on Friday, there w... More »
NEW YORK (Reuters) – Investors pulled $16.2 billion from U.S.-based equity funds during the latest week, according to Lipper on Thursday, marking the largest withdrawals since December 2016. Taxable-bond mutual funds and exchange-traded funds recorded $1.2 bil... More »
BOSTON (Reuters) – Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell more than 4 percent on news that all its directors had been re-elected. Shareholders voted to return al... More »
Designer Vivienne Tam celebrates the successful completion of her Fall/Winter 2012 collection show during New York Fashion Week February 15, 2012. REUTERS/Carlo Allegri/File Photo NEW YORK (Reuters) – Some of us are fortunate to find a calling in life early on... More »
FILE PHOTO – Graduate students rally against the proposed GOP tax reform bill at Union Square in the Manhattan borough of New York City, New York, U.S., November 29, 2017. REUTERS/Shannon Stapleton CHICAGO (Reuters) – Graduate student Mollie Marr is worried th... More »
NEW YORK (Reuters) – U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors’ appetite for low-cost exposure to record-high stock markets. R... More »
NEW YORK (Reuters) – U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors’ appetite for low-cost exposure to record-high stock markets. R... More »
Undated handout photo of author Luvvie Ajayi. REUTERS/Chuck Olu-Alabi/Handout NEW YORK (Reuters) – Sometimes in life, the best teachers are not elder statesmen who have been around for decades. Sometimes we can learn the most from young entrepreneurs who are c... More »
Casper CEO Philip Krim speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – If any industry is in the throes of total disruption right now, it is retail. Some brick-an... More »
House Speaker Paul Ryan (R-WI) looks on at the Capitol Christmas Tree lighting ceremony on West Front Lawn of the U.S. Capitol in Washington, U.S., December 6, 2017. REUTERS/Yuri Gripas CHICAGO (Reuters) – Traditionally, U.S. politicians avoid talking about cu... More »
BOSTON (Reuters) – Proxy advisory firm Institutional Shareholder Services on Wednesday suggested shareholders back hedge fund Marcato’s choice of directors at Deckers Outdoor Corp, switching its recommendation after the U.S. fund made changes. In one of the se... More »
FILE PHOTO: Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – Carson Block, founder of short-seller Muddy Water... More »
(Reuters) – Two proxy advisory firms on Friday weighed in on one of the year’s most bitter proxy battles with one backing UGG boot maker Deckers’ management and the other giving partial support to activist hedge fund Marcato Capital Management. Shareholders wi... More »
FILE PHOTO – Paul Tudor Jones, founder and chief investment officer of Tudor Investment Corporation, speaks at the Sohn Investment Conference in New York, May 5, 2014. REUTERS/Eduardo Munoz BOSTON (Reuters) – Paul Tudor Jones, one of Wall Street’s most promine... More »
NEW YORK (Reuters) – Investors poured $33 billion into U.S.-based money market funds during the week ended Nov. 29, the largest inflows of 2017, Lipper data showed on Thursday, in a sign that investors might be sensing an end to the equity market’s marathon ra... More »
BOSTON (Reuters) – Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance. Chriss, whose firm is made up of teams that trade different strategies, wrote to clients that ... More »
FILE PHOTO – Volunteers sort donated clothes for Caribbean refugees whose homes were destroyed by Hurricane Irma, at a convention centre in San Juan, Puerto Rico September 14, 2017. The hashtag on the sign reads “Puerto Rico embraces you.” REUTERS/Alvin Baez N... More »
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S. on June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said Thursd... More »
FILE PHOTO: The Citibank building is seen in the financial district of Canary Wharf in London, Britain January 19, 2017. REUTERS/Kevin Coombs /File Photo (Reuters) – Citi Private Bank (CPB), a unit of Citigroup Inc that caters to wealthy individuals and famili... More »
LONDON (Reuters) – Sovereign wealth funds (SWFs) withdrew more money from global stock and bond markets in the third quarter of 2017, albeit at a slower pace with net outflows of $3.7 billion, data from research firm eVestment showed on Thursday. This was down... More »
BOSTON (Reuters) – The rush of money into big index funds has raised concerns about whether they would still prove attractive in a downturn, an issue taking on more importance especially for industry leader Vanguard Group Inc as its passive products soar in sc... More »
CHICAGO (Reuters) – Illinois, which sold $6 billion of bonds last month to raise money to pay overdue bills, will be back in the U.S. municipal market next week with another $750 million of debt. The deal tops the $12.2 billion of bonds and notes states, citie... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 20, 2017. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. fund investors pumped millions into bond funds for a 50th straight week, the Investment Company Institute (... More »
FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/File Photo WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it had ordered Citiban... More »
Saks Fifth Avenue’s holiday light show can be seen on display in the Manhattan borough of New York, U.S., November 27, 2016. REUTERS/Darren Ornitz CHICAGO (Reuters) – If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longe... More »
NEW YORK/WASHINGTON (Reuters) – Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee. The abrupt departure of Franklin Codel,... More »
NEW YORK (Reuters) – U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data showed on Thursday. The junk bond mutual funds and exchange-traded funds (ETFs) posted $4.4 billion in net withdrawals during the... More »
(Reuters) – U.S. municipal bond funds reported $417.7 million of net inflows in the week ended Nov. 15, compared with $463 million in inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average remained positive... More »
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday. More »
Bayliss and Ross Kerber More »
The California Public Employees’ Retirement System is considering more than doubling its investment in municipal bonds and other fixed-income assets while lowering volatility, according to proposals set for discussion at a workshop on Monday. More »
Translating money messages to 100 million kids around the world is not a feat for ordinary humans - you need monsters. More »
A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise rebound for an often maligned pocket of Wall Street. More »
Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters of 2017. More »
As soon as the House of Representatives' proposed tax reform bill had hit the news, divorce lawyer Malcolm Taub's phone started to buzz. More »
U.S. investors favored international stock markets, pushing $4.1 billion into equity funds focused abroad during the most recent week, dodging risks at home, Lipper data showed on Thursday. More »
Proxy advisers Institutional Shareholder Services and Glass Lewis & Co each recently backed Vanguard Group Inc's management on fund trustee nominees and administrative items set for a rare shareholder vote next week, according to recommendations seen by Reuter... More »
The largest U.S. debt-settlement services provider said on Thursday it would "vigorously contest" a lawsuit filed against it by the U.S. Consumer Financial Protection Bureau. More »
China's central bank said on Thursday that foreign investors would be permitted to trade in bond derivatives in the country's interbank market. More »
MSCI Inc will temporarily ban new companies that deny equal voting rights to shareholders from two market indexes, intensifying a debate over who should police perceived lapses in corporate governance. More »
Reluctant investors warmed to stocks in October, stockpiling $19.3 billion in U.S.-based equity funds, marking the first month of positive inflows for the funds since May, when they took in $31.8 billion, Lipper data showed on Thursday. More »
Pimco Income Fund, run by group Chief Investment Officer Dan Ivascyn, reached $102.4 billion in assets under management (AUM) as of the end of October, Pacific Investment Management Co said late Thursday. More »
Voracious investor appetite is set to make this by far the strongest year for inflows into stocks and corporate debt, Bank of America Merrill Lynch strategists said on Friday. More »
Investors endured jolts to both stocks and bonds, pouring even more cash into funds tracking both markets during the latest week, according to Lipper data released on Thursday. More »
The U.S. Treasury on Thursday rejected the idea of singling out specific asset management and insurance firms as systemically risky, indicating that they are unlikely to be designated as “too big to fail” and slapped with additional oversight under the adminis... More »
The Financial Industry Regulatory Authority said on Thursday that Susan Axelrod, its executive vice president for regulatory operations, is leaving the securities industry self-regulator for a job in the private sector early next year. More »
Activist investors seeking to block specialty chemical maker Clariant's $20 billion merger with Huntsman Corp have boosted their stake in the Swiss group above 20 percent, triggering an official disclosure filing, a source familiar with the matter said. More »
Can you make serious money by capitalizing on human foibles? More »
Marc Faber, the markets prognosticator known as "Dr. Doom," has been dismissed from three more company boards after comments in his latest newsletter this week suggested the United States had only prospered because it was settled by white people. More »
Are unsuspecting seniors around the United States being scooped up without warning from their homes, placed in nursing homes and having their possessions taken away? More »
Billionaire investor Daniel Loeb's hedge fund Third Point LLC bought a stake in Dover Corp during the third quarter and is urging the industrial conglomerate to sell off its energy business among other things. More »
