Reuters - Money

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Wednesday, January 3, 2018

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: 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.

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.

Noosa founder Koel Thomae found her dream in a spoon of yogurt

NEW YORK (Reuters) - It took just a spoonful of a simple tub of yogurt with passion fruit puree on a trip home to her native Australia to nudge Koel Thomae into a new career.

U.S. stock funds attract most cash since 2014: Lipper

NEW YORK (Reuters) - Investors poured $24.1 billion into U.S.-based stock funds in the week to Dec. 27, Lipper said on Thursday, sending a gift to equity markets already on pace to record a year of double-digit percentage gains.

Biggest withdrawal in four months hits U.S. domestic stock funds: ICI

NEW YORK (Reuters) - U.S. fund investors walloped domestic equities with the most selling in four months, using the proceeds to buy cheaper stocks abroad that could thrive in a global economic expansion, Investment Company Institute (ICI) data showed on Wednesday.

U.S. money market assets increased in latest week: iMoneyNet

NEW YORK (Reuters) - U.S. money market fund assets increased by $10.81 billion to $2.801 trillion in the week ended Dec 26, the Money Fund Report said on Wednesday.

Column: 2018, the year of the active fund manager?: McGeever

LONDON (Reuters) - After years of struggling to beat the index, 2018 should be the year active fund managers earn their spurs.