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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Q&A: Hedge fund executive Simon Lorne talks Trump, Brexit and 'Billions'

Tue, Apr 25, 2017

NEW YORK (Reuters) - Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant... ...

Millennials face grown-up financial realities

Tue, Apr 25, 2017

NEW YORK (Reuters) - Everyone has chuckled about millennial generation stereotypes: slackers hanging out in their parents' basements, playing video games and binge-watching Netflix. ...

Wells Fargo board pays price for letting whistleblowers whistle in the wind

Mon, Apr 24, 2017

NEW YORK (Reuters) - Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained,... ...

Investors not yet ruffled by looming government shutdown

Fri, Apr 21, 2017

NEW YORK (Reuters) - U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that... ...

Activist investor Elliott takes stake in UK takeover target WS Atkins

Tue, Apr 25, 2017

LONDON (Reuters) - U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm... ...

Prudential's Peters says risk-reward for junk bonds 'not favorable'

Thu, Apr 20, 2017

NEW YORK (Reuters) - PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not... ...

U.S. fund investors taper Euro stock buying ahead of French vote

Thu, Apr 20, 2017

NEW YORK (Reuters) - Investors stocked up on safe-haven U.S.-based gold and bond funds ahead of France's closely watched presidential election, while trimming purchases of European stock funds,... ...

U.S. Social Security reform: the clock is ticking

Thu, Apr 20, 2017

CHICAGO (Reuters) - Can you count on your Social Security benefits when retirement rolls around? ...

New ETF invests in industry close to home: ETFs themselves

Fri, Apr 21, 2017

NEW YORK (Reuters) - Exchange-traded funds have proliferated in niches ranging from cyber security to solar power and even marijuana. On Thursday, a new index fund launched that will let investors... ...

If Le Pen pulls off upset, French bank funding, and euro project, at risk: James Saft

Thu, Apr 20, 2017

(Reuters) - An unlikely Marine Le Pen victory in French presidential elections could set off a bank funding crisis that would have more power to torpedo the euro project than she might posses once... ...

CNN Money

Stocks: Signs of spring?

Tue, Apr 01, 2014

After a strong finish to an otherwise flat first quarter, markets look poised to begin April with a spring in their step....

Tesla car doors can be hacked

Mon, Mar 31, 2014

Hackers can unlock a high-tech Tesla car door by using the same run-of-the-mill techniques they use to crack open computers....

Manhattan home prices soar to median $972,000

Tue, Apr 01, 2014

While home prices in other parts of the country are still 20% below their housing boom peak, demand for large, luxury apartments has helped home prices in Manhattan almost fully recover from the housing bust....

Rand Paul's hopes for a flat tax

Mon, Mar 31, 2014

When it comes to taxes, Rand Paul wants them simple and flat....