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Reuters: Wealth

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.

POSTED DECEMBER 14, 2018 10:40 AM
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.

POSTED DECEMBER 13, 2018 7:30 PM
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.

POSTED DECEMBER 13, 2018 2:08 PM
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.

POSTED DECEMBER 13, 2018 11:56 AM
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...

POSTED DECEMBER 12, 2018 12:46 PM
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.

POSTED DECEMBER 11, 2018 7:16 PM
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...

POSTED DECEMBER 11, 2018 6:55 AM
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...

POSTED DECEMBER 10, 2018 4:51 PM
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.

POSTED DECEMBER 10, 2018 12:19 PM
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...

POSTED DECEMBER 07, 2018 12:27 PM

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