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Daily News

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

Reuters: Money

AT&T, Elliott in talks after activist campaign launched: sources

Thu, Oct 17, 2019

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar... ...

Goldman wants traders to be more like dealmakers and coders

Thu, Oct 17, 2019

Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they... ...

Your Money: U.S. teachers take hands-on approach to financial literacy

Thu, Oct 17, 2019

There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts. ...

U.S. stock funds see first weekly inflow in a month

Thu, Oct 17, 2019

U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper. ...

Members of Los Angeles pension board ready to drop money manager Ken Fisher

Thu, Oct 17, 2019

Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about... ...

U.S. boutique banks woo French bankers in Paris advisory push: sources

Thu, Oct 17, 2019

Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers from France's most established advisory firms,... ...

Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

Thu, Oct 17, 2019

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he... ...

Your Money: Charitable granting soars even as tax changes transform giving

Wed, Oct 16, 2019

Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in... ...

Fidelity criticizes money manager Fisher, who loses Philadelphia as client

Tue, Oct 15, 2019

Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly... ...

Buffett's Berkshire seeks Fed leeway to boost BofA bet: Fed

Tue, Oct 15, 2019

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by... ...