Back to top

Daily News

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

Morgan Stanley to curb veteran adviser recruiting

Tue, May 23, 2017

NEW YORK (Reuters) - Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier... ...

Bond market braces for impact of New York's free tuition plan

Tue, May 23, 2017

NEW YORK (Reuters) - Little known private colleges that are already struggling to grow their revenues are facing a new threat that could further weaken their finances and make borrowing harder: free... ...

U.S. Federal Home Loan Banks rely less on short-term debt: FHFA's Watt

Tue, May 23, 2017

(Reuters) - The U.S. Federal Home Loan Bank system has made progress in depending less on short-term debt to fund its longer-term assets through the sale of longer-dated bonds, Federal Housing... ...

CFA exam to add artificial intelligence, 'big data' questions

Tue, May 23, 2017

NEW YORK (Reuters) - Students of investing will need to start cramming for a new subject: computer science. ...

Morgan Stanley shareholders approve executive compensation plan

Mon, May 22, 2017

PURCHASE, N.Y. (Reuters) - Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth... ...

Ahead of Exxon's annual meeting, climate activists gain ground

Mon, May 22, 2017

BOSTON (Reuters) - Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global... ...

U.S. Labor Secretary says fiduciary rule to take effect on June 9

Tue, May 23, 2017

(Reuters) - The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday. ...

A.M. Best affirms AIG ratings after review, insurer's stock rises

Tue, May 23, 2017

(Reuters) - A.M. Best Co affirmed its financial strength rating on American International Group Inc on Tuesday, lifting some uncertainty over the New York-based insurer's ability to meet its... ...

Traders renew bets on U.S. rate increase in June

Fri, May 19, 2017

NEW YORK (Reuters) - U.S. interest rates futures fell on Friday, suggesting traders revived bets the Federal Reserve would raise interest rates in June as financial markets recovered from their sharp... ...

U.S. accuses Massachusetts hedge fund manager of fraud

Mon, May 22, 2017

BOSTON (Reuters) - A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. ...

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....