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Aug 14, 2018
William Ackman's Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in the second quarter, a regulatory filing on Tuesday showed.
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Aug 14, 2018
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded...
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Aug 14, 2018
Hedge fund Starboard Value said on Tuesday that it sold half of its stake in consumer products company Newell Brands, whose chief executive officer it sought to replace, about four months after...
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Aug 14, 2018
Warren Buffett's Berkshire Hathaway Inc on Tuesday said it has increased its investment in Goldman Sachs Group Inc, and confirmed it has added to its stake in iPhone maker Apple Inc.
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Aug 14, 2018
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private this month.
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Aug 14, 2018
Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the U.S....
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Aug 14, 2018
Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry's worst returns, cut back several long-term holdings including Apple Inc, Voya Financial Inc...
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Aug 13, 2018
Major Tesla Inc shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the...
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Aug 13, 2018
Elon Musk wants to take Tesla Inc private, but some of his big investors may not be able to follow.
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Aug 13, 2018
Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results.
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Aug 13, 2018
Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company as part of a reorganization of executives in its global consumer banking...
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Aug 10, 2018
Billionaire investor Daniel Loeb's hedge fund made a string of new investments in the information technology sector, including buying 10.7 million shares of NXP Semiconductors NV, during the second...
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Aug 10, 2018
A labor union representing American teachers on Friday urged pension funds to cut their exposure to investment firms that have funneled millions of dollars into private prisons, saying the companies...
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Aug 09, 2018
William Ackman's publicly traded hedge fund is outperforming the broader stock market this year, fueled by rising prices at Chipotle Mexican Grill and Automatic Data Processing Inc, the billionaire...
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Aug 09, 2018
Working longer can boost the odds of a secure retirement - that is an article of faith in retirement planning circles these days.
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Aug 09, 2018
As a financial planner, Ray Loewe watched clients who had retired struggle with too much leisure time.
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Aug 08, 2018
Divorce crushed Dennis Nolte's retirement plans not once but twice.
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Aug 07, 2018
It would be the ultimate black eye for short sellers.
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Aug 07, 2018
Dan Ivascyn, the group chief investment officer at Pacific Investment Management Co (Pimco), said it is time for a more defensive approach at the Pimco Income Fund.
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Aug 07, 2018
Divorce crushed Dennis Nolte's retirement plans not once but twice.
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Aug 06, 2018
In the recent film smash "Avengers: Infinity War," superhero Doctor Strange analyzes more than 14 million possible futures to figure out how to defeat the evil Thanos and save humanity.
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Aug 03, 2018
The world's top DJs are basically demigods of the turntable, packing arenas and wowing electronic dance music (EDM) fans everywhere around the globe.
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Aug 03, 2018
Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the...
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Aug 03, 2018
A selloff in big U.S. tech shares wasn't enough to pull money away from the sector, Bank of America Merrill Lynch strategists said on Friday, but U.S. large-cap stocks suffered outflows as investors...
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Aug 02, 2018
The Trump administration came under pressure on Tuesday from both critics and allies over whether it should proceed with another tax cut for investors and do so without consulting the U.S. Congress.
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Aug 02, 2018
U.S. companies got more clarity on Wednesday on bringing more than $2.6 trillion in profits held abroad into the United States, as required under tax changes enacted by the U.S. Congress in December.
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Aug 02, 2018
Intercontinental Exchange Inc is partnering with BlackRock Inc on a new fixed income exchange-traded fund execution platform to open next year, the owner of the New York Stock Exchange said on...
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Aug 02, 2018
Goldman Sachs economists said on Thursday rising mortgage rates would subtract 1 to 2 percentage points from U.S. residential growth over each of the next two years as they have already nicked the...
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Aug 02, 2018
Social Security is unaffordable due to our aging population.
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Aug 02, 2018
CHICAGO - As Pamela Pommer entered her 60s, she planned to work part-time helping aging people deal with financial troubles. But like many baby boomers she realized that a "meaningful" position is...
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Aug 01, 2018
Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion.
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Aug 01, 2018
Fidelity Investments' plan to launch no-fee index funds hurt the shares of rival asset managers, including BlackRock Inc, on Wednesday as investors worried about lower profits.
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Aug 01, 2018
Fidelity Investments said on Wednesday it will launch index funds that do not have fees.
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Aug 01, 2018
(In July 31 story, corrects date of congressional approval to Tuesday instead of Wednesday, paragraph 6)
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Aug 01, 2018
Jana Partners, the event-driven investment firm run by Barry Rosenstein, told clients that its main fund made money in July and is now beating the Standard & Poor's 500 index.
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Aug 01, 2018
With Wells Fargo & Co's revenue slumping and no clear end in sight for sales scandal-related costs, analysts have pushed back predictions for when the bank's closely watched efficiency ratio will...
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Aug 01, 2018
Shares in British hedge fund firm Man Group rose more than 5 percent on Wednesday after it generated higher returns from fees and saw assets under management climb by 4.2 percent in the first half.
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Aug 01, 2018
British hedge fund firm Man Group on Wednesday said assets under management rose 4.2 percent in the first six months of 2018, helped by net inflows of $8.3 billion.
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Jul 31, 2018
Billionaire hedge fund manager David Einhorn told investors on Tuesday that a sharp rally in Tesla Inc shares, which he bet against, turned into heavy second-quarter losses at his Greenlight Capital...
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Jul 31, 2018
Activist hedge fund Third Point LLC is meeting with some of Campbell Soup Co's largest shareholders to seek support for changes at the U.S. consumer company, people familiar with the matter said on...
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Jul 31, 2018
Donna Childs recently bought a home in Rhode Island about 5 minutes from the Pocasset River, and, despite past flooding, everyone told her she did not need flood insurance.
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Jul 31, 2018
New York University on Tuesday won the dismissal of a class-action lawsuit brought on behalf of thousands of employees who accused the school of mismanaging their retirement plans.
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Jul 31, 2018
Billionaire investor David Einhorn, whose Greenlight Capital is nursing double-digit losses, said on Tuesday he is trying to repair the damage done by a big bet against electric carmaker Tesla, among...
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Jul 31, 2018
Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that short-maturity U.S. Treasuries "look as good" relative to stocks and long-maturing bonds than they have in a long time.
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Jul 31, 2018
Credit Suisse Chief Executive Tidjane Thiam personally traveled to Saudi Arabia to apply for a banking license, he said on Tuesday, confirming Reuters information the Swiss bank is seeking a full...
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Jul 31, 2018
When you are known for starting a personal finance company, people expect you to have your own financial house in order. But that was not always the case for Alexa von Tobel, founder of LearnVest.com.
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Jul 27, 2018
Top BlackRock Inc bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he...
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Jul 27, 2018
NEW YORK (LPC) - The U.S. leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates...
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Jul 27, 2018
Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags.
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Jul 26, 2018
The U.S. Securities and Exchange Commission on Thursday stood by a decision blocking an exchange-traded fund that would have tracked bitcoin, citing concerns about market manipulation.
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Jul 26, 2018
Investors in U.S. funds traded international equities for domestic stocks during the latest week as earnings beat expectations while trade tensions simmered, Lipper data showed on Thursday.
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Jul 26, 2018
U.S.-based equity funds posted $620 million in withdrawals for the week ended Wednesday, after attracting $1 billion the week prior, according to Lipper data on Thursday.
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Jul 26, 2018
Wells Fargo & Co is exploring a sale of its Eastdil Secured real-estate division, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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Jul 26, 2018
A U.S. judge has dismissed five large banks from two antitrust lawsuits by investors alleging multi-year conspiracies to rig prices for hundreds of billions of dollars of transactions in the global...
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Jul 26, 2018
Fannie Mae on Thursday issued the first-ever securities based on the Secured Overnight Finance Rate (SOFR), an alternative to the London interbank offered rate (LIBOR) which may cease to exist after...
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Jul 26, 2018
In any history of hip-hop, one name keeps popping up over and over again: Andre Harrell.
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Jul 25, 2018
Investment manager Nuveen appointed Jean Fleischhacker to the newly created role of a private credit asset class specialist in its alternative investment distribution team.
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Jul 25, 2018
While the typical retirement message usually focuses on how much people should stash away from every paycheck, new research shows that working longer is the key to dramatically increasing retirement...
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Jul 25, 2018
British wealth managers Rathbone Brothers and Brewin Dolphin reported rises in their respective total assets on Wednesday, driven by net inflows of new client money.
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Jul 24, 2018
Bitwise Asset Management Inc took steps to bring a cryptocurrency exchange-traded fund to market on Tuesday, reviving a race to list a bitcoin-linked investment in the United States.
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Jul 24, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jul 24, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jul 23, 2018
Overseas investors purchased fewer U.S. government debt issues at auctions in early July, supporting the view that foreign appetite for U.S. bonds is waning due to trade friction and a strong dollar.
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Jul 23, 2018
Bank of America Corp added two senior investment bankers to its media and telecommunications team as it continues to bolster coverage of the sector, according to an internal memo reviewed by Reuters.
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Jul 23, 2018
American billionaire Leon Cooperman said in a letter to investors seen by Reuters that he plans to close his Omega Advisors hedge fund firm and give investors their money back but would continue to...
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Jul 19, 2018
Japanese companies are increasingly turning to investment banks and public relations firms for advice on dealing with potential approaches by activist investors who are targeting low valuations and...
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Jul 19, 2018
Investors deposited $5 billion into U.S.-based equity exchange-traded funds in the week ended Wednesday, July 18, following six straight weeks of withdrawals, according to Lipper data on Thursday.
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Jul 19, 2018
U.S. municipal bond funds reported $1.3 billion of net inflows in the week ended July 18, compared with $651 million in inflows in the previous week, according to data released by Lipper on Thursday.
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Jul 19, 2018
Top asset manager BlackRock Inc has hired Ray Cameron as head of the Americas within its investment stewardship arm, according to a memo seen by Reuters on Thursday, turning to an outsider to fill...
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Jul 19, 2018
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Jul 19, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jul 18, 2018
Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund's campaign to seek change at the company and a...
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Jul 18, 2018
A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private...
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Jul 18, 2018
Detour Gold said on Wednesday it had asked the Ontario Securities Commission (OSC) to investigate activist investor Paulson and Co's campaign seeking change at the company, calling it "concerning and...
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Jul 18, 2018
Erik Cetrulo, a former portfolio manager at Steven Cohen's Point72 Asset Management, is raising funds for a global macro discretionary hedge fund and is targeting a launch in the first quarter of...
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Jul 18, 2018
Emerging market equities and real-estate debt remain attractive at a time when most of the year's gains in the S&P 500 have already been realized, billionaire investor Howard Marks said on Wednesday...
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Jul 18, 2018
Paulson and Co, a hedge fund run by activist investor John Paulson, said Detour Gold had received a buyout offer from another gold miner, sending the Canadian company's shares up 13 percent.
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Jul 18, 2018
Morgan Stanley's better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks.
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Jul 18, 2018
U.S. mutual fund investors fled from stocks for the 14th straight week as ongoing trade war fears divided markets, Investment Company Institute data showed on Wednesday.
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Jul 18, 2018
Billionaire investor Kenneth Griffin on Wednesday praised President Donald Trump's policies but warned that prolonged trade wars could harm consumers and companies alike.
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Jul 18, 2018
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Jul 17, 2018
Investment firm PAAMCO Prisma, one of the world's biggest investors in hedge funds, said on Tuesday that a six-person executive committee will replace the firm's two co-chief executives who are...
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Jul 17, 2018
Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he...
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Jul 17, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jul 16, 2018
Slowly but surely, depositors are starting to shift money from basic U.S. bank accounts to products that pay more than a sliver of a percent in interest.
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Jul 16, 2018
Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a...
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Jul 15, 2018
Sovereign investors are facing a tougher environment for dealmaking as rising protectionism threatens to curb inward investment and stunt trade, suggesting private market activity may have plateaued,...
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Jul 13, 2018
Investors switched to defensive equities and bonds in the week to July 11 as the U.S. slapped tariffs on $34 billion of Chinese imports and then raised the stakes by threatening another round on an...
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Jul 12, 2018
Investors withdrew $1.85 billion from U.S.-based equity funds in the week ended Wednesday despite strong stock market performance during the same period, according to Lipper data released on...
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Jul 12, 2018
A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth.
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Jul 12, 2018
The decision marked the end of an era: last month, the keepers of the Dow Jones Industrial Average removed General Electric Co, one of the original stocks included in the index when it was created in...
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Jul 12, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jul 11, 2018
The fact that investors are siphoning money out of stocks is not helping gold, with the safe-haven asset suffering as people wary of a global trade war flock to the U.S. dollar.
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Jul 11, 2018
FM Capital Partners (FMCP), which manages money for sovereign wealth fund the Libya Africa Investment Portfolio (LAP), has won a London court case against its former chief executive officer (CEO)...
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Jul 11, 2018
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Jul 10, 2018
Two managing directors overseeing alternative investments at Wilshire Funds Management quit the firm in June, a person familiar with the matter said on Tuesday, as employees appeared increasingly...
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Jul 10, 2018
Morgan Stanley has promoted Ted Pick to head of its institutional securities business as part of a broader executive shuffle, according to a memo seen by Reuters on Tuesday, the most recent elevation...
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Jul 10, 2018
BlueMountain Capital Management on Tuesday said it hired four portfolio managers to build out the hedge fund's new fixed-income strategy focused on relative-value investments in G7 government bonds,...
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Jul 10, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Jul 09, 2018
My kids got a great report from the dentist at their last checkup. From the receptionist? Not so much.
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