Janus' Gross says U.S., global economies too leveraged for aggressive Fed

NEW YORK (Reuters) - Investors' expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and "non-threatening," influential bond investor Bill Gross said on Thursday.

Morgan Stanley to hire 80 in Paris after Brexit: source

LONDON/PARIS (Reuters) - Morgan Stanley plans to add 80 jobs in Paris after Britain's exit from the European Union, a source familiar with the matter said on Thursday, on top of around 200 the U.S. bank is set to transfer to its Frankfurt hub.

UBS CEO says to expect 'more of the same' performance

ZURICH (Reuters) - UBS , the world's largest wealth manager, is seeing business in line with recent years so far in 2018, Chief Executive Sergio Ermotti said on Thursday.

Goldman alumni set up $1 billion macro fund with focus on commodities

LAUSANNE, Switzerland (Reuters) - Jonathan Goldberg, the founder of one of the world's largest energy-focused hedge funds BBL Commodities, is launching a new $1 billion macro fund with his former Goldman Sachs colleague Ben Jacobs that will trade currencies and equity indices based on commodities trends.

U.S. investment trusts gobble assets; retirement plans retreat from active funds

BOSTON (Reuters) - U.S. retirement plans pumped billions of dollars into investment trusts last year, helping asset managers offset some of the heavy cash outflows from their pricier actively managed funds.

What the Federal Reserve rate hike means for U.S. households

NEW YORK (Reuters) - The effects of the Federal Reserve interest rate hike announced on Wednesday will extend beyond corporate America to household budgets.

Major banks earned more in metals than oil last year

LONDON (Reuters) - Banks' metals-related revenues exceeded their earnings from the oil sector last year for the first time since 2014 as low and relatively stable crude prices discouraged hedging activity, but this is unlikely to be the start of a new trend.

Do not panic if you cannot pay your tax bill

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

U.S. stock funds attract most cash since mid-2017: ICI

NEW YORK (Reuters) - U.S. fund investors steered the most cash since mid-2017 into stocks, Investment Company Institute (ICI) data for the most recent week showed on Wednesday, as cool economic data drew hot money into the market.

Apollo CEO sees Ares offering little incentive for stock conversion

BOSTON (Reuters) - Apollo Global Management LLC Chief Executive Leon Black on Wednesday downplayed the possibility that his private equity firm would follow peer Ares Management LP in converting from a publicly listed partnership into a corporation.

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