Investors sell record $39 billion of sto...

Investors sell record $39 billion of stocks in past week: BAML


Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday.

Record $46 billion pulled from U.S.-based stock funds in latest week: Lipper

Record cash streamed out of U.S.-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday.

Read more


Standard Chartered axes over 200 jobs in India: source

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday.

Read more


A higher Social Security retirement age comes with risks for many workers

Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program.

Read more


U.S. fund investors compound pain for bond markets

U.S. fund investors sold more bonds in December's opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments...

Read more


DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows.

Read more


Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever

Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger...

Read more


Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal...

Read more


In a tight labor market, companies bet big on five-year rewards

In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company.

Read more


Investors flee bonds and stocks in turbulent week for growth and trade

Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at...

Read more


Medicare Advantage plans get unfair push from U.S. government: critics

Insurance companies do not need any help marketing Medicare Advantage plans - just ask anyone over age 65 about the pitches that clog their mailboxes every year during the fall enrollment period, or...

Read more


Employee rights group says Wells Fargo declined planned meeting

A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by...

Read more


BlackRock's Rieder buying longer-term bonds as Fed pause seems likely

BlackRock Inc's Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this...

Read more


First steps towards a life of giving back

Here is some good news to hold onto this holiday season: Americans are giving more than ever.

Read more


DoubleLine's Gundlach says Treasuries point to economy ready to weaken

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the "economy is poised to weaken."

Read more


U.S. top court signals it will buttress anti-fraud securities laws

U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal...

Read more


Moelis hires from BlackRock, hedge fund for activist defense team

Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies...

Read more


Can better cancer care lower company's health costs?

When companies try to tackle rising healthcare costs, shifting more of the burden to employees is increasingly the strategy of choice.

Read more


Losses at Einhorn's hedge fund Greenlight grow in November

Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year.

Read more


Equities fund Brenham Capital to shut as energy stocks plunge

Brenham Capital Management LP, an energy equities fund manager with about $800 million in assets under management, will shut after two years of losses, its founder said in a letter to investors on...

Read more