Category: News

YOUR MONEY – Comedian heroes educate children about finance

NEW YORK (Reuters) – As any dad or mum is aware of, getting youngsters to focus may be difficult – much more so when it entails subjects like financial techniques. FILE PHOTO: The Federal Reserve constructing is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie However comics are kid-friendly, and the New York […]

Column: ‘Restricted utility’ can enhance Social Safety advantages

CHICAGO (Reuters) – Ready till age 70 to say Social Safety advantages is likely one of the hottest monetary methods for retirement, however it may well put {couples} that retire of their 60s in a bind in the event that they then should wait years for month-to-month profit checks to begin. FILE PHOTO: An aged […]

Ackman’s Pershing Sq. unveils $900 million stake in Starbucks

NEW YORK (Reuters) – William Ackman mentioned on Tuesday his activist hedge fund Pershing Sq. Capital Administration LP has constructed a roughly $900 million place in Starbucks Corp (SBUX.O), betting the world’s largest espresso chain can overcome stagnant gross sales in its residence market. Ackman’s unveiling of a 1.1 p.c stake in Starbucks comes because […]

U.S. retirees to get welcome bump in Social Safety advantages

CHICAGO (Reuters) – Come January, most U.S. retirees will get some welcome information after they test their financial institution accounts – the largest inflation adjustment to Social Safety advantages in eight years. FILE PHOTO: U.S. Social Safety card designs over the previous a number of a long time are proven on this photograph illustration taken […]

Wells Fargo touts good deeds to get again in lawmakers’ good graces

WASHINGTON (Reuters) – Bored with being forged because the poster baby for large banks behaving badly, Wells Fargo & Co has been increasing its presence within the nation’s capital to persuade lawmakers it has modified and speaking up its charitable work of their districts. A girl walks by a Wells Fargo financial institution department in […]

Rising rates of interest forged shadow on Chicago pension bond plan

CHICAGO (Reuters) – A continued surge in rates of interest may sink a plan into consideration by Chicago Mayor Rahm Emanuel’s administration for an enormous bond sale to spice up pension funding, a metropolis official stated on Thursday. FILE PHOTO: A basic view of the town of Chicago, March 23, 2014. REUTERS/Jim Younger Carole Brown, […]

Machines take the blame as U.S. inventory market sells off

NEW YORK (Reuters) – Buyers looking for perpetrators and victims on this week’s U.S. inventory market selloff pointed to a well-recognized supply: number-crunching fund managers and machines. Merchants work on the ground of the New York Inventory Change (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid The benchmark U.S. S&P 500 inventory index […]

Explainer: What are risk-parity funds?

NEW YORK (Reuters) – The market’s fast and hard-to-explain declines this week led some traders to level fingers at number-crunching fund methods designed to regulate and stability danger. Merchants work on the ground of the New York Inventory Change (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid The benchmark U.S. S&P 500 inventory […]

Your Cash: What’s the finest play in your cash proper now?

NEW YORK (Reuters) – When the inventory market has suffered a few actually huge slides in a row, prefer it did this week, the monetary recommendation to those that are freaking out is all the time: Don’t take a look at your account balances. However possibly, simply this as soon as, you must peek. FILE […]

Citigroup revenue beats on increased bond buying and selling, decrease prices

(Reuters) – Citigroup Inc (C.N) reported a better-than-expected quarterly revenue on Friday, helped by decrease bills, increased bond buying and selling income and power in its shopper banking enterprise in Mexico. Working bills declined 1 p.c, stunning analysts and indicating that the corporate was on the way in which to assembly monetary targets for this […]