Reuters - Money

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Thursday, January 4, 2018

Bargain Bin: ETFs for value hunters

NEW YORK (Reuters) - Think of the stock market right now as a high-school cafeteria. The most popular kids in school are growth investors, high-fiving and riding a multi-year bull run.

Column: For U.S. retirees, rising interest rates a double-edged sword

CHICAGO (Reuters) - U.S. interest rates finally are on the rise after a decade stuck near zero - and that should be good news for retirees who need yield on safe investments like certificates of deposit and money market accounts.

Merrill Lynch bans clients from investing in Silbert bitcoin fund

NEW YORK (Reuters) - Bank of America Merrill Lynch banned clients from investing in one of bitcoin mogul Barry Silbert's top funds last month, according to a memo seen by Reuters.

SEC mixes message on Apple shareholder proposals, activists say

BOSTON (Reuters) - Apple Inc was allowed to disregard one activist shareholder proposal on greenhouse gas emissions but told to hold a vote on another concerning human rights issues, in closely watched securities rulings that tested new guidance from U.S regulators.

U.S. charges ex-Och-Ziff executive with fraud, obstruction of justice

NEW YORK (Reuters) - U.S. prosecutors have charged Michael Cohen, the former head of European investing at hedge fund Och-Ziff Capital Management Group , with fraud and obstruction of justice, according to court documents unsealed on Wednesday.

Column: New tax laws may kill the beach house dream

CHICAGO (Reuters) - Dreaming of a beach house? You might want to think twice about that, given tax changes that just kicked in will make owning a vacation home more costly and may tank the resale value of the second-home market.

New U.S. tax law could impact paychecks by February

NEW YORK (Reuters) - The first paychecks of 2018 will be dispatched soon, but it may be weeks or months before taxpayers and payroll processors know how the new U.S. tax laws will affect your take-home pay.

Column: Hedge funds gamble OPEC will tighten oil market too much - Kemp

LONDON (Reuters) - Hedge funds are the most bullish about oil prices in years, expecting further gains even as prices touch multi-year highs and ignoring the risk linked to such a large concentration of positions.

Citigroup follows Morgan Stanley, UBS, quits recruiting pact: bank

NEW YORK (Reuters) - Citigroup Inc became the latest firm on Friday to say it would quit a 14-year-old agreement reached among Wall Street's biggest securities brokerages to not sue each other when a broker switches firms.

Financier Tilton defeats lawsuit by Zohar funds she founded

NEW YORK (Reuters) - Lynn Tilton, the colorful New York financier recently cleared of wrongdoing in a U.S. Securities & Exchange Commission fraud case, won another legal victory on Friday as a federal judge dismissed a racketeering lawsuit by the Zohar investment funds she once managed.