Reuters - Money

Click to View in Browser

Tuesday, November 14, 2017

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.

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.

BlackRock's Fink learns to live with activist investors

NEW YORK (Reuters) - Larry Fink, whose $6 trillion BlackRock Inc seldom picks a public fight with large companies, said on Monday that activist investors often help lay the groundwork for positive change in the corporate world.

CalPERS considers upping fixed-income investment, lowering volatility

NEW YORK (Reuters) - The California Public Employees’ Retirement System is considering more than doubling its investment in municipal bonds and other fixed-income assets while lowering volatility, according to proposals set for discussion at a workshop on Monday.

AXA's U.S. insurance, asset management unit files for IPO

NEW YORK (Reuters) - The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday.

U.S. junk bond sector ends rough week on calmer note

NEW YORK (Reuters) - Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals.

The 20 percent club: hedge fund stars of an industry rebound

NEW YORK (Reuters) - A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise rebound for an often maligned pocket of Wall Street.

Multi-manager hedge funds hook investors with returns recovery

LONDON/NEW YORK (Reuters) - Multi-manager hedge funds, often star performers, have recovered from below-par returns in 2016, with investors adding $1.2 billion to them during the first three quarters of 2017.

Equifax warns on post-breach costs, revenue hit

(Reuters) - Equifax Inc on Friday issued a fourth-quarter profit outlook that fell short of Wall Street expectations, saying the massive breach of its consumer data earlier this year would hurt sales and result in costs of $60 million to $75 million during the period.

Muni market breathes 'sigh of relief' over Senate tax plan

CHICAGO/NEW YORK (Reuters) - The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt.