NEW YORK (Reuters) – U.S. fund investors eased into wild stock markets during the latest week, adding $5.2 billion, according to Lipper data on Thursday that reflected the first net positive flows for funds since December’s selloff began. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December […]

NEW YORK (Reuters) – U.S. fund investors battered bond markets with the biggest withdrawals in seven weeks and snatched the most cash from foreign stocks since mid-2015 as the Federal Reserve hiked interest rates, Investment Company Institute (ICI) data showed on Wednesday. Some $12.2 billion tumbled from U.S.-based bond funds during the week ended Dec. […]

(Reuters) – Get ready for a long and ugly ride. The Nasdaq logo is etched into glass at the headquarters for the Nasdaq in New York March 3, 2015. REUTERS/Lucas Jackson On Friday, the Nasdaq Composite .IXIC closed almost 22 percent below its record high daily close on Aug. 29, signaling a nearly nine-and-a-half year […]

LONDON (Reuters) – London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it “did not deliver the performance that you expect of us”, according to a letter to investors reviewed by Reuters. City Financial was hit hard earlier in […]

BOSTON (Reuters) – Hedge fund Latimer Light Capital, which specialized in picking stocks, is closing its doors, becoming the latest casualty in an industry pummeled by the recent stock market sell-off. New York-based Latimer Light told investors it plans to shut down in a letter it emailed on Friday, according to people familiar with the […]

David Solomon, president and chief operating officer of Goldman Sachs, listens at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton NEW YORK (Reuters) – Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the […]

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said on Friday it had settled charges with automated investment management providers Wealthfront Advisers LLC and Hedgeable Inc to resolve allegations that the companies had made false disclosures to their customers. In its first enforcement actions against robo-advisers, the SEC fined Wealthfront $250,000 and Hedgeable […]

NEW YORK (Reuters) – A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher. FILE PHOTO: A trader works on the floor at the New York Stock […]

NEW YORK (Reuters) – Greg Jensen, co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world, is forecasting “significantly weaker, near-recession-level growth” next year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 20, 2018. REUTERS/Brendan McDermid In a telephone interview on Thursday, Jensen […]

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 20, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Investors fled U.S.-based stock funds in the latest week, setting those investments up for their biggest month of withdrawals on record, Lipper data showed on Thursday. More than $80.7 billion […]

CHICAGO (Reuters) – In a sign of precious metals demand, sales of U.S. Mint American Eagle gold and silver coins are closing out their weakest year since 2007, as investors favored higher-yielding assets, despite volatility in global stock and bond markets late in the year. One ounce silver coins undergo washing at the cleaning facility […]

NEW YORK (Reuters) – There is no more mistletoe hanging above the markets. FILE PHOTO: A Specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid/File Photo The romance U.S. fund investors once had with the stock market was put […]

(Reuters) – A U.S. financial regulator on Thursday fined security brokerage Merrill Lynch, a unit of Bank of America, $5.5 million for improperly selling shares in initial public offerings (IPOs) to industry insiders. Financial Industry Regulatory Authority (FINRA) said Merrill Lynch will also have to pay up $490,530 it earned as revenue from shares sold […]

LONDON (Reuters) – Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 19, 2018. REUTERS/Brendan McDermid Brexit worries […]

CHICAGO (Reuters) – Ai-jen Poo wants to transform caregiving into real work. By “real,” she does not mean more difficult. Rather, the activist and author is seeking recognition of the value of domestic work, and to raise its status and pay accordingly. “It’s the work that makes all other work possible,” said Poo, executive director […]

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo NEW YORK (Reuters) – U.S. fund investors stripped the most cash from U.S.-based mutual funds in more than three years in the latest week, Investment Company Institute (ICI) data showed on […]

(Reuters) – U.S. companies’ borrowing to spend on capital investment rose 7 percent in November from a year ago, a trade group representing capital equipment lenders said on Wednesday. The companies signed up for $8.0 billion in new loans, leases and lines of credit last month, up from $7.5 billion a year earlier. However, borrowings […]

CHICAGO (Reuters) – When the Vondruska family gathers in Watersmeet, Michigan on Christmas Eve to open presents, the grandchildren will not be ripping open any packages from their grandparents. FILE PHOTO: Graduating seniors line up to receive their diplomas during Commencement at Wellesley College in Wellesley, Massachusetts, U.S., May 26, 2017. REUTERS/Brian Snyder/File Photo Instead, […]

NEW YORK (Reuters) – Filmmaker George Lucas’s “Star Wars” empire – the movie franchise, not Darth Vader’s fictional galactic government – planted him firmly atop Forbes magazine’s third annual ranking of the wealthiest U.S. celebrities which was released on Tuesday. The net worth of the 74-year-old writer, director, producer and creator of the enduring space […]

BOSTON (Reuters) – Activist investors said on Tuesday they filed shareholder resolutions at two U.S. private prison operators, looking to link executive pay to human rights considerations at CoreCivic Inc and have Geo Group give more details on the treatment of people held at correction and detention facilities. The resolutions were filed by shareholders including […]

NEW YORK (Reuters) – Would you sacrifice the safety of your savings for $60? FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez//File Photo Last week investing startup Robinhood announced a market-leading checking and savings account paying 3 percent interest, a jump ahead of the current […]

LONDON (Reuters) – Investor outlooks have deteriorated to their most pessimistic in a decade, Bank of America Merrill Lynch’s December investor survey showed on Tuesday. A trader looks on while waiting for the initial price of Tencent Music Entertainment company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., […]

ZURICH (Reuters) – Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at UBS (UBSG.S), said. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. Picture taken on March 29, […]

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, on Monday said the S&P 500 stock index is headed to new lows and that U.S. equities are in a long-term bear market. FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York City, U.S., May 8, […]

SAN FRANCISCO (Reuters) – Wall Street’s most widely followed benchmark of small-cap stocks tumbled into a bear market on Monday as investors grew more worried about slower profit growth and rising interest rates. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid The […]

NEW YORK (Reuters) – The shares of small companies in the U.S. haven’t technically fallen into a bear market yet, but several top-performing fund managers are acting as if it is inevitable. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., December […]

SAO PAULO (Reuters) – Goldman Sachs Group Inc (GS.N), Morgan Stanley(MS.N) and Bank of America Merrill Lynch(BAC.N) are regaining clout in Latin America’s largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows. A sign is displayed on the Morgan Stanley building in New […]

BERLIN (Reuters) – Work four days a week, but get paid for five? It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more motivated staff and less burnout. “It is much healthier and we do a better job […]

LONDON (Reuters) – The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won’t be long before rate cuts are on the table. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. […]

NEW YORK (Reuters) – If you want a friend, get a dog. If you want to make money, invest in people who want to get dogs. You can do this now because investment funds focusing on furry friends are starting to hit the market: One an exchange-traded Pet Care fund from ProShares (ticker PAWZ, of […]

I recently sent out an email asking people on my mailing list for a simple “yes” or “no” response to the following question: Is it hard for you to talk about money with your spouse or partner? I got hundreds of replies. But buried in those replies was one that I found particularly difficult to […]

FILE PHOTO: United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014. REUTERS/Gary Cameron/File Photo LONDON (Reuters) – Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch […]

NEW YORK (Reuters) – Record cash streamed out of U.S.-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday. More than $46 billion thundered out of U.S. stock mutual funds and exchange-traded funds (ETFs), the most ever, while a near-record $13 billion poured from bonds, […]

A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip (Reuters) – Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on […]

CHICAGO (Reuters) – Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program. FILE PHOTO: An elderly couple looks out at the ocean as they sit on a park bench in La Jolla, California November 13, 2013. REUTERS/Mike […]

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. fund investors sold more bonds in December’s opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments […]

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor’s 500 Index is likely to go below its February 2018 lows. FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. […]

LONDON (Reuters) – Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger dollar. FILE PHOTO: United States one dollar bills are seen on a light table […]

WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. FILE PHOTO: The Wells Fargo name is shown on an office town in downtown […]

NEW YORK (Reuters) – In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company. FILE PHOTO: A woman is seen in silhouette walking through Grand Central Station in New York September 25, 2014. REUTERS/Shannon Stapleton Well, they have got nothing on […]