Investors sell record $39 billion of sto...
Investors sell record $39 billion of stocks in past week: BAML
Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday.
Record $46 billion pulled from U.S.-based stock funds in latest week: Lipper
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.
Standard Chartered axes over 200 jobs in India: source
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 Thursday.
A higher Social Security retirement age comes with risks for many workers
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.
U.S. fund investors compound pain for bond markets
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...
DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows
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.
Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever
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...
Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell
Wells Fargo & Co 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...
In a tight labor market, companies bet big on five-year rewards
In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company.
Investors flee bonds and stocks in turbulent week for growth and trade
Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at...
Medicare Advantage plans get unfair push from U.S. government: critics
Insurance companies do not need any help marketing Medicare Advantage plans - just ask anyone over age 65 about the pitches that clog their mailboxes every year during the fall enrollment period, or...
Employee rights group says Wells Fargo declined planned meeting
A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by...
BlackRock's Rieder buying longer-term bonds as Fed pause seems likely
BlackRock Inc's Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this...
First steps towards a life of giving back
Here is some good news to hold onto this holiday season: Americans are giving more than ever.
DoubleLine's Gundlach says Treasuries point to economy ready to weaken
Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the "economy is poised to weaken."
U.S. top court signals it will buttress anti-fraud securities laws
U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal...
Moelis hires from BlackRock, hedge fund for activist defense team
Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies...
Can better cancer care lower company's health costs?
When companies try to tackle rising healthcare costs, shifting more of the burden to employees is increasingly the strategy of choice.
Losses at Einhorn's hedge fund Greenlight grow in November
Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year.
Equities fund Brenham Capital to shut as energy stocks plunge
Brenham Capital Management LP, an energy equities fund manager with about $800 million in assets under management, will shut after two years of losses, its founder said in a letter to investors on...