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Daily News

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

Reuters: Money

Your money: Cosigning a student loan? Be prepared to pay

Fri, May 17, 2019

(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.) ...

Philly refiner defers retirement fund payments to employees: letter

Fri, May 17, 2019

Philadelphia Energy Solutions will defer retirement payments to union members until next year, the company said in a letter to the union last week, the latest sign the refiner is struggling to find... ...

Investors shun equities, pile into bonds in past week: BAML

Fri, May 17, 2019

Investors are neither extremely bullish nor bearish, according to Bank of America Merrill Lynch's gauge of market sentiment, as they weigh the impact of trade tensions between the United States and... ...

U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions

Thu, May 16, 2019

Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by... ...

Soros Fund Management increases stake in Tesla convertible bonds: filings

Wed, May 15, 2019

Billionaire George Soros' investment firm, Soros Fund Management Llc, raised its stake in Tesla Inc's convertible bonds due in 2021 by 17.5 million convertible bonds to 37.5 million convertible... ...

Big U.S. hedge funds regain ardor for FAANGs in first quarter: filings

Wed, May 15, 2019

Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday. ...

Buffett's Berkshire unveils $861 million Amazon stake

Wed, May 15, 2019

Warren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief... ...

Your money: Should you pay to stop phone spam?

Wed, May 15, 2019

If your phone log is anything like mine, the list of incoming scam calls makes it look like you work for the State Department: Sri Lanka, Lithuania, Russia, Bosnia, Benin, Croatia and Sierra Leone.... ...

Peltz's Trian Fund may push for changes at mutual fund Legg Mason

Tue, May 14, 2019

Nelson Peltzs' Trian Fund Management LP may push Legg Mason Inc. to implement changes to boost returns, a person familiar with the matter said on Tuesday, the second time in 10 years that Trian has... ...

U.S. growth would have contracted without trillions in government, consumer debt: Gundlach

Tue, May 14, 2019

U.S. growth appears to be based "exclusively" on government, corporate and mortgage debt and the economy would have contracted if the United States had not added trillions in debt, Jeffrey Gundlach,... ...