Reuters - Money

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Wednesday, February 7, 2018

Column: Why U.S. stock market dive points to good news for retirees

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

An investor's best friend? Israel Diamond Exchange launches digital coins

RAMAT GAN, Israel (Reuters) - Israel's diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade traditionally conservative players that the technology can work.

Column: How to protect your nest egg in volatile times

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

'Bad' incentives, poor communication behind Wells Fargo sales scandal: Fed's Dudley

NEW YORK (Reuters) - Bad incentive structures for employees and a lack of communication to management contributed to Wells Fargo & Co's sales practices scandal, Federal Reserve Bank of New York president William Dudley said on Wednesday.

BlackRock sees biggest European fund inflows in 2017: Morningstar

LONDON (Reuters) - BlackRock, the world's biggest fund manager, saw the largest inflows in the European asset management sector in 2017 at 62.7 billion euros ($77.42 billion), according to data from Morningstar.

What were the chances? U.S. stock selloff sinks Probabilities Fund among others

NEW YORK (Reuters) - The Probabilities Fund was supposed to take some of the risk out of the stock market.

Fed seen staying on rate-hike path after stock market plunge

NEW YORK (Reuters) - Monday's rout on Wall Street frayed investors' nerves, but it is not enough to knock the Federal Reserve off course from its intended path to further raise interest rates in 2018 as the economy continues to hum along, analysts say.

BlackRock sees opportunity to take on more market risk

NEW YORK (Reuters) - BlackRock Inc's Investment Institute said on Tuesday that the swoon in stock markets is "contained" and that it sees an opportunity to take on more risk, particularly in emerging market equities.

Icahn calls U.S. stock nosedive 'rumblings of an earthquake': CNBC

NEW YORK (Reuters) - Billionaire activist investor Carl Icahn warned on Tuesday that investors have exposure to "way too many derivatives" and called the stock market's nosedive just "rumblings of an earthquake."

Emerging markets suffer $4 billion outflows, biggest since U.S. election, IIF says

LONDON (Reuters) - Investors have pulled nearly $4 billion out of emerging markets since Jan. 30, according to data from the Institute of International Finance (IIF) - the biggest slump since the 2016 U.S. presidential election.