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Daily News

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

Reuters: Money

Sovereign investors' dislike for equities mostly fades in second quarter

Thu, Aug 22, 2019

Sovereign wealth funds' distaste for equities mostly faded in the second quarter, with some investors turning to emerging- market passive equity funds, data from the research firm eVestment showed on... ...

U.S. money fund assets hit highest since October 2009: iMoneyNet

Wed, Aug 21, 2019

U.S. money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a... ...

Moneysaving 101: Four ways to cut college textbook costs

Wed, Aug 21, 2019

(The writer is a Reuters contributor. The opinions expressed are his own.) ...

DoubleLine's Jeffrey Gundlach says Federal Reserve has lost control

Tue, Aug 20, 2019

The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of... ...

Hedge fund manager Kyle Bass sees 'shallow recession' potentially in 2020: CNBC

Tue, Aug 20, 2019

Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the... ...

Yields rise on German fiscal stimulus hopes

Fri, Aug 16, 2019

Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt. ...

Canada's Intact Financial to buy Guarantee Co, Frank Cowan for C$1 billion

Thu, Aug 15, 2019

Canadian property and casualty insurer Intact Financial Corp said on Thursday it agreed to buy The Guarantee Co of North America and Frank Cowan Co for C$1 billion ($750.6 million) in cash from... ...

Your Money: Big companies explore virtual care to curb healthcare costs

Tue, Aug 13, 2019

Big companies are increasing incorporating virtual technology and care options into employee benefit plans to combat the rising healthcare costs that long been corporate America's bugaboo, according... ...

U.S. regulators to drop accounting test in 'Volcker' rewrite: sources

Tue, Aug 13, 2019

U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street,... ...

Third Point cuts United Technologies stake after opposing Raytheon deal

Tue, Aug 13, 2019

Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a... ...