Reuters - Money

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Wednesday, November 15, 2017

Buffett's Berkshire slashes IBM stake, adds to Apple

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc has sold another large piece of its stake in IBM Corp , backing further away from an investment that the billionaire has admitted was not one of his best.

Global wealth - a rising tide lifts all yachts: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.)

Your Money: Minimal relief from prospective death of the dreaded AMT

NEW YORK (Reuters) - The alternative minimum tax is on the chopping block in the tax overhaul plans of the U.S. House of Representatives and the Senate. But its elimination would not bring much relief to the 4.7 million or so taxpayers who get socked with it.

Paulson holds stake in gold steady in third-quarter

NEW YORK (Reuters) - Paulson & Co left its stake in gold investments unchanged in the third quarter, as concerns about North Korea's nuclear weapons program helped lift bullion prices to a 13-month high, a U.S. Securities and Exchange Commission filing showed on Tuesday.

Fund managers clash over Snap shares

NEW YORK (Reuters) - Fund managers expressed sharply contradicting views on Snap Inc during the social media company's challenged third quarter, regulatory filings showed on Tuesday.

Most millennials seen worse off than parents despite aptitude: study

ZURICH (Reuters) - Most millennials will struggle to earn more money and find better jobs than their parents despite being more highly trained, according to a study by Credit Suisse.

Pimco's Fels sees U.S. stuck in 'new neutral' of low rates as fear vanishes

NEW YORK (Reuters) - A top economist at Pacific Investment Management Co on Tuesday said global markets are stuck in a low interest rate environment that has siphoned fear from investors who may be ill-prepared for when the market environment next heads south.

HSBC pays 300 million euros to settle investigation of Swiss bank

ZURICH (Reuters) - HSBC Holdings has agreed to pay 300 million euros ($353 million) to settle a long-running investigation into tax evasion by French citizens via its private bank in Switzerland, the lender said on Tuesday.

Bank of America executive: Volcker Rule fuels private trading firms' rise

(Reuters) - U.S. post-financial crisis rules that place strong trading restrictions on banks has fueled the rise of private trading firms that have grabbed market share, a top Bank of America Corp executive said on Tuesday.

Sesame Street goes global to teach kids about money

NEW YORK (Reuters) - Translating money messages to 100 million kids around the world is not a feat for ordinary humans - you need monsters.