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Daily News

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

Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs

Fri, Aug 18, 2017

LONDON/DUBLIN (Reuters) - "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a... ...

Exclusive: SEC officials' holdings, legal work, pose potential conflicts

Thu, Aug 17, 2017

WASHINGTON (Reuters) - Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc and Wells... ...

Ackman says owned stake in Hilton, a previously unnamed bet

Wed, Aug 16, 2017

BOSTON (Reuters) - Investor William Ackman said on Wednesday his hedge fund had bought and sold a stake in Hilton Worldwide Holdings, identifying the portfolio company that recently earned him a... ...

BlackRock's largest mutual fund boosts energy holdings: manager

Thu, Aug 17, 2017

NEW YORK (Reuters) - BlackRock Inc's largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. ...

Deutsche Bank, Bank of America settle agency bond rigging lawsuits

Thu, Aug 17, 2017

NEW YORK (Reuters) - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government... ...

U.S. money market assets increased in latest week: iMoneyNet

Wed, Aug 16, 2017

NEW YORK (Reuters) - U.S. money market fund assets increased by $14.51 billion to $2.673 trillion in the week ended Aug 15, the Money Fund Report said on Wednesday. ...

U.S. high-yield fund withdrawals largest since March: Lipper

Thu, Aug 17, 2017

NEW YORK (Reuters) - Investors recoiled during a turbulent week for markets, pulling the most cash from high-yield bond funds since March and billions more from stock funds, Lipper data for... ...

Libor-tracking investments hit U.S. exchanges; complexity a worry

Wed, Aug 16, 2017

NEW YORK (Reuters) - Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to them... ...

ETFs are hot everywhere but workplace retirement plans

Tue, Aug 15, 2017

NEW YORK (Reuters) - Low-cost exchange-traded funds are a favorite of individual investors. ETF assets reached $2.9 trillion in 2017, up 32 percent in the last year, according to Investment Company... ...

LaSalle sets $1 billion target for pan-Asia real estate fund

Wed, Aug 16, 2017

NEW YORK (Reuters) - LaSalle Investment Management Inc has set a new capital-raising target of $1 billion for the fifth of its pan-Asia opportunistic real estate funds, one of which is expected to... ...

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....