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Oct 17, 2018
U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association...
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Oct 16, 2018
Insurers from across the world have called for amendments and a two-year delay to a change in accounting rules aimed at increasing visibility of how they earn their money.
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Oct 16, 2018
When the Chicago Board of Trade closed for business on Monday, November soybean futures ended up 24 cents on the day, and nearly 80 cents off the contract's all-time low from a month earlier.
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Oct 16, 2018
China's holdings of U.S. Treasuries fell for a third straight month in August to their lowest in more than a year, Treasury Department data showed on Tuesday, in what was likely a move to support its...
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Oct 16, 2018
Legg Mason Inc affiliate Martin Currie said on Tuesday Colin Dishington would join its global emerging markets team as portfolio manager.
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Oct 16, 2018
As any parent knows, getting children to focus can be challenging - even more so when it involves topics like monetary systems.
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Oct 15, 2018
PIMCO, one of the world's largest fixed-income managers, on Monday named Erin Browne, previously of UBS Asset Management and Steve Cohen's Point72 Asset Management, as managing director and portfolio...
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Oct 15, 2018
When people over the age of 50 get divorced, retirement accounts become a key asset, even more so sometimes than the house or alimony. Lawyers and feuding couples are bracing for big changes at the...
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Oct 12, 2018
Speculators' net long bets on the U.S. dollar climbed to their highest since mid-December 2016 in the latest week, according to calculations by Reuters and the Commodity Futures Trading Commission...
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Oct 12, 2018
Millennium Management, the $36 billion hedge fund run by Israel Englander, has hired a prominent portfolio manager from rival Ken Griffin's Citadel, two people familiar with the situation said on...
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Oct 12, 2018
U.S. Treasury Secretary Steven Mnuchin and Wall Street banks will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after...
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Oct 12, 2018
The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.
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Oct 12, 2018
The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday.
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Oct 12, 2018
U.S. regional bank PNC Financial Services Group Inc on Friday reported disappointing quarterly loan growth and said it expected only a small improvement in lending for the final three months of the...
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Oct 12, 2018
When the stock market has suffered a couple of really big slides in a row, like it did this week, the financial advice to those who are freaking out is always: Do not look at your account balances....
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Oct 12, 2018
Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico.
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Oct 12, 2018
Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank gave out more personal and automobile loans, and made headway in its cost-cutting plan.
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Oct 12, 2018
The largest target-date funds for U.S. investors nearing retirement are reporting their worst performance since 2008, as bets on Chinese stocks and Treasuries produced negative returns.
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Oct 12, 2018
Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by higher bond trading revenue and strength in its consumer banking business in Mexico.
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Oct 12, 2018
Wells Fargo & Co posted a quarterly profit that fell short of analysts' estimates on Friday, as a $13 billion drop in new mortgage borrowing offset the bank's efforts to cut costs.
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Oct 12, 2018
Britain's largest listed insurer Prudential Plc said it had appointed JP Morgan's Asia asset management business boss Michael Falcon to lead its North American business unit, effective Jan. 7.
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Oct 11, 2018
A continued surge in interest rates could sink a plan under consideration by Chicago Mayor Rahm Emanuel's administration for a massive bond sale to boost pension funding, a city official said on...
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Oct 11, 2018
Investors searching for perpetrators and victims in this week's U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
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Oct 11, 2018
The market's quick and hard-to-explain declines this week led some investors to point fingers at number-crunching fund strategies designed to control and balance risk.
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Oct 11, 2018
Come January, most U.S. retirees will get some welcome news when they check their bank accounts - the biggest inflation adjustment to Social Security benefits in eight years.
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Oct 11, 2018
Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its...
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Oct 10, 2018
If plunging markets during Wednesday's U.S. trading session proved unlucky for investors, the timing was especially bad for Vanguard Group Inc.
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Oct 10, 2018
Waiting until age 70 to claim Social Security benefits is one of the most popular financial strategies for retirement, but it can put couples that retire in their 60s in a bind if they then must wait...
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Oct 10, 2018
Asset management company Deutsche Bank Wealth Management named Wendy McMillan and Richard Aguiar as managing director and private banker. McMillan and Aguiar will be based in San Francisco and Los...
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Oct 10, 2018
The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com.
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Oct 09, 2018
Law firm Slater & Gordon Ltd has filed a class-action suit against Commonwealth Bank of Australia seeking damages of more than A$100 million ($71 million) after the bank allegedly invested the...
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Oct 09, 2018
William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world's biggest coffee chain can...
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Oct 09, 2018
Wall Street's bond firms are sopping up a growing amount of Treasury debt as the U.S. government seeks to fund a rising budget deficit stemming from the massive tax cut enacted last December,...
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Oct 09, 2018
William Ackman said on Tuesday his hedge fund Pershing Square Capital Management has taken a roughly $900 million position in Starbucks Corp as he sees a chance for the world's biggest coffee chain...
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Oct 09, 2018
William Ackman's activist hedge fund Pershing Square Capital Management has taken a new position in Starbucks Corp , according to attendees at a conference where the billionaire investor spoke on...
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Oct 09, 2018
One recent Monday night in New York City, seven strangers sat around a dinner table sharing the biggest money secrets of their lives.
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Oct 09, 2018
Canada's second-largest pension fund CDPQ and Generation Investment Management LLP said on Tuesday they were buying a majority stake in UK-based fintech firm FNZ in a deal valuing FNZ at 1.6 billion...
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Oct 08, 2018
Commonwealth Bank of Australia said on Tuesday it will refund fees taken out of dead client accounts and unwind a controversial system of charging customers commissions on financial products.
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Oct 08, 2018
Hedge funds may have trimmed their record bet against U.S. Treasuries, as the latest data show, but the 10-year yield's spike to fresh multi-year highs in the days since suggests that short position...
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Oct 08, 2018
Commonwealth Bank of Australia on Tuesday announced moves to improve its wealth management business, which has come under fire from a high-profile inquiry on the financial sector that revealed...
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Oct 08, 2018
(This version of the October 3 column was refiled to correct "Has" to "HSA" in paragraph 5)
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Oct 08, 2018
Hedge fund Tourbillon Capital Partners is shutting down after several years of poor returns, making it the third well-known fund to announce plans to close its doors within a week.
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Oct 08, 2018
Schroders could soon help manage the money of people with significantly less in their bank accounts than the super-rich it has targeted so far, if talks with Lloyds about a wealth management tie-up...
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Oct 08, 2018
A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain's biggest bank, which would gain investment skills and greater...
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Oct 07, 2018
The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may find long-term bargains amid the sell-off.
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Oct 05, 2018
Hedge fund manager Himanshu Gulati, who received startup capital from Blackstone Group LP, launched Antara Capital Partners this week with roughly $200 million in assets, people familiar with the...
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Oct 05, 2018
Accused by Tesla Inc Chief Executive Elon Musk of making "excessive profit" by lending shares to short-sellers, top index fund companies shot back on Friday that they are only looking out for their...
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Oct 05, 2018
Fidelity Investments said on Friday that its asset management chief, Charles Morrison, is leaving the company and that it plans to name a replacement in "the near term."
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Oct 05, 2018
BNP Paribas Asset Management is shifting its exposure across U.S. equities away from banks and positioning for a decline in technology stocks, citing concerns over the maturing cycle in the world's...
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Oct 04, 2018
Investors dumped U.S. government debt funds during the latest week, Lipper data showed on Thursday, pulling the most cash from those funds since March 2016 and exacerbating a bond selloff that...
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Oct 04, 2018
U.S. fixed-income markets are nowhere near ripe for bargain-hunting, even after two days of losses that have knocked bond prices to multiyear lows, a leading value investor said on Thursday.
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Oct 04, 2018
Jeffrey Gundlach, chief executive of Doubleline Capital, on Thursday said the 30-year U.S. Treasury bond yield has broken above a multiyear base, which should lead to significantly higher yields for...
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Oct 04, 2018
Investors pulled $1.7 billion from U.S.-based funds invested in Treasuries during the latest week, Lipper data showed on Thursday, exacerbating a selloff that pushed the benchmark 10-year yields to...
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Oct 04, 2018
Wells Fargo & Co is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported on Thursday, citing people familiar with the matter.
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Oct 04, 2018
Pimco Group Chief Investment Officer Dan Ivascyn, who helps oversee more than $1.71 trillion, said on Thursday that U.S. Treasuries look more attractive because of higher yields but only in the short...
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Oct 04, 2018
Pimco Group Chief Investment Officer Dan Ivascyn, who helps oversee more than $1.71 trillion, said on Thursday that U.S. Treasuries look more attractive because of higher yields but only in the short...
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Oct 04, 2018
Activist investor Daniel Loeb's hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co, ranging from board meeting minutes to financial documents, as it ratchets...
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Oct 04, 2018
If you are not happy with your Medicare coverage, now is the time to make a change.
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Oct 03, 2018
Hedge fund Highfields Capital Management is shutting down amid a period of lackluster returns and as its founder said he needs a change after two decades of trading stocks for prominent clients...
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Oct 03, 2018
A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a New York federal judge ruled Wednesday.
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Oct 03, 2018
U.S. money market fund assets decreased by $15.04 billion to $2.834 trillion in the week ended Oct 2, the Money Fund Report said on Wednesday.
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Oct 03, 2018
U.S. hedge fund Hudson Bay Capital Management holds a short position in shares of automaker Tesla Inc, its chief executive said on Wednesday.
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Oct 03, 2018
A photograph can capture the mood of a nation or seminal moments in history in a single frame.
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Oct 03, 2018
U.S. hedge fund Olympic Peak Management's founding partner said on Wednesday he planned to short AT&T's debt when the fund launches in January, citing increasing competition and high leverage that...
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Oct 03, 2018
The new Italian government's latest budget proposals have caused consternation in markets and irritation in Brussels - yet many at the heart of euro policymaking will quietly feel a dose of market...
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Oct 03, 2018
U.S. hedge fund Hudson Bay Capital Management holds a short position in automaker Tesla Inc., its chief executive said on Wednesday.
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Oct 03, 2018
CHICAGO - Dreaming of retirement? Make sure you make a mental note to save for healthcare.
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Oct 02, 2018
Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.
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Oct 01, 2018
An investor who previously helped oversee U.S. natural gas trading at Citadel has set up his own hedge fund, a person familiar with the plans said on Monday.
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Oct 01, 2018
Britain's asset management trade body on Tuesday called for urgent action to fix "failings" in the design of European Union rules governing how retail investment funds are marketed.
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Oct 01, 2018
Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iran go into effect fully from November.
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Oct 01, 2018
Picking the right college is not just a matter of finding a good fit for a student's talents and interests, but it also should involve what a family can reasonably afford.
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Sep 27, 2018
Japan M&A volumes are set to break a 19-year-old record and steal the spotlight in Asia this year from cooling Chinese deals, led by blockbuster takeovers such as Takeda Pharma's $62 billion swoop on...
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Sep 27, 2018
A U.S. judge on Thursday ordered Goldman Sachs Group Inc , JPMorgan Chase & Co and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in...
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Sep 27, 2018
An offshore hedge fund firm whose investing was led by money manager Philip Falcone will pay $30 million to resolve claims it knowingly evaded hundreds of millions of dollars of New York state and...
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Sep 27, 2018
U.S. fund investors rotated from international to domestic stocks for a third straight week, Lipper data showed on Thursday.
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Sep 27, 2018
Royal Bank of Scotland is planning to launch a new standalone consumer bank called Bo to fight industry challengers such as the British app bank Monzo and digital bank Revolut, Sky News reported.
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Sep 27, 2018
This month marks 10 years since one of the most dramatic events of the financial crisis - the collapse of the Lehman Brothers investment bank. In the financial crash and Great Recession that...
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Sep 26, 2018
Douglas Boneparth will never forget the terrified financial planning clients he counseled after Lehman Brothers collapsed 10 years ago.
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Sep 25, 2018
S&P Global Ratings said on Tuesday it revised downward its outlook on Danske Bank to negative from positive to reflect the ongoing regulatory investigations into the company's Estonian branch.
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Sep 25, 2018
Borrowing by U.S. companies to spend on capital investments rose 14 percent in August from a year earlier, a trade group representing capital equipment lenders said.
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Sep 25, 2018
Investors at American Outdoor Brands Corp approved a call for the gun maker to produce a safety report, officials said during its annual meeting on Tuesday, marking a second win for religious...
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Sep 25, 2018
If you have credit card debt, take the next U.S. Federal Reserve move to raise interest rates as a big, flashing warning sign.
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Sep 25, 2018
U.S. hedge fund Elliott Management will inject 120 million euros ($141 million) into the coffers of Italian soccer club AC Milan to reimburse two bonds, a source said on Tuesday.
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Sep 25, 2018
A tip from an internal whistleblower led GAM Holding to suspend a director in charge of absolute return bond funds, the Swiss group said on Tuesday, a move than triggered an investor exodus and a...
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Sep 24, 2018
Hedge funds are betting big against sterling, the most since May last year. And following last week's Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest...
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Sep 24, 2018
Activist hedge fund TCI has cut its stake in London Stock Exchange Group Plc, less than a year after its push to oust the stock exchange's chairman failed.
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Sep 21, 2018
Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy.
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Sep 21, 2018
Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to...
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Sep 21, 2018
Short-dated U.S. Treasury yields will rise above longer maturities -- a reliable forecaster of recessions -- within two years and possibly in the next year, according to market experts polled by...
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Sep 21, 2018
The U.S. Internal Revenue Service hoisted a big red-flag warning to retirees earlier this month: take a look at how much income tax you are paying throughout 2018, because the amount could need an...
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Sep 20, 2018
Investors took on a defensive approach ahead of next week's Federal Reserve meeting, pouring money into ultra-short obligation funds as well as equity and fixed-income exchange-traded funds, Lipper...
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Sep 20, 2018
The moment when short-dated U.S. Treasury yields rise above longer maturities, a reliable forecaster of recessions, is only two years off at most and could happen in the next year, according to...
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Sep 20, 2018
You could hardly design a worse scenario for smart money management than being a rookie in the National Football League. Young men in their early 20s, many from low-income backgrounds, are showered...
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Sep 19, 2018
Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in...
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Sep 19, 2018
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health...
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Sep 19, 2018
If you are buying a Medicare supplemental policy in the United States, make sure you choose your insurance carefully over the next few months.
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Sep 17, 2018
Gary Cohn, the former economic adviser to U.S. President Donald Trump, gave a ringing endorsement of Wall Street bankers on Monday, arguing that borrowers were just as responsible for the 2007-2009...
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Sep 17, 2018
Bond traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 percent goal.
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Sep 13, 2018
Investors favored lower-risk U.S. bond exposure during the latest week, Lipper data showed on Thursday, as trade conflicts, an emerging market crisis and contradictory economic news spoiled the idea...
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