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Thursday, September 14, 2017

Aging United States must get the economics right on immigration

CHICAGO (Reuters) - “Immigrants - we get the job done” is one of the most famous lines from "Hamilton," the hit Broadway musical. But the play’s creator, Lin Manuel Miranda, might well have written: “Immigrants - we keep the country young.”

Chinese online insurer ZhongAn to seek $11 billion valuation in HK IPO: IFR

HONG KONG (Reuters) - ZhongAn Online Property and Casualty Insurance Co Ltd [IPO-ZAOL.HK], China's first internet-only insurer, plans to seek a valuation of up to $11 billion with its Hong Kong initial public offering, IFR reported on Thursday, citing people close to the deal.

Traders raise U.S. rate-hike view as CPI accelerates

NEW YORK (Reuters) - U.S. interest rates futures added to earlier losses on Thursday as domestic consumer prices grew 0.4 percent in August, faster than forecast, causing some traders to rebuild bets the Federal Reserve would raise rates at its Dec. 12-13 meeting.

Your Money: Raising money for an emergency raises money questions

NEW YORK (Reuters) - When Lori Jung set up a crowdfunding campaign to help with her brother's medical expenses for spinal cord damage, she also spoke to an accountant.

Carlyle to sell South Korean security firm ADT Caps: sources

HONG KONG (Reuters) - Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter said.

Largest U.S. university endowment funds pull back on ETF exposure

NEW YORK (Reuters) - The largest U.S. college endowment funds are pulling back their holdings of exchange-traded funds even as they invest more money in passive strategies overall, a move that may help bolster traditional mutual fund managers at a time when ETF providers like BlackRock Inc are seeing the majority of investor inflows.

Bridgewater's Dalio says would be 'terrible' if Cohn left White House

NEW YORK (Reuters) - Billionaire hedge fund manager Ray Dalio on Tuesday threw his weight behind President Donald Trump's top economic adviser, saying it would be "terrible" if Gary Cohn were to leave the Trump administration.

Gundlach: Equity investors to see change in dynamic with QE reversal

NEW YORK (Reuters) - Investors in equities and risk assets should brace themselves for the end of quantitative easing, given the high correlation it has to high stock and junk bond prices, Jeffrey Gundlach, chief executive at DoubleLine Capital, warned Tuesday.

BlackRock reshuffles top regional, business unit executives

NEW YORK (Reuters) - BlackRock Inc, the world's largest asset manager, is reshuffling some of its top regional executives and placing new leadership at the head of its lucrative alternatives business, according to a memo on Tuesday.

Your Money: Why you should freeze your credit now

NEW YORK (Reuters) - In the wake of the Equifax Inc data breach that has exposed an estimated 143 million customer records to hackers, consumer credit experts have been recommending freezing one's credit as a protection against identity theft.