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Friday, September 15, 2017

'Trump Trade' returns? Small-cap stocks rally on hopes of tax deal

NEW YORK (Reuters) - With time running out before Congress turns its attention to the 2018 mid-term elections, small-cap stocks are increasingly acting as a bellwether for the market's expectations that the Trump Administration will reach a deal to significantly cut U.S. corporate tax rates by the end of the year.

Treasury's Mnuchin says no tax cut for wealthy

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration's upcoming tax plan will not be aimed at lowering income taxes for the wealthiest Americans.

Aging United States must get the economics right on immigration

CHICAGO (Reuters) - “Immigrants - we get the job done” is one of the most famous lines from "Hamilton," the hit Broadway musical. But the play’s creator, Lin Manuel Miranda, might well have written: “Immigrants - we keep the country young.”

U.S. fund investors rush into money-market funds, Treasuries: Lipper

NEW YORK (Reuters) - U.S. fund investors sought shelter during the latest week, pouring more than double the amount from the previous week into money markets, and stockpiling the most in "safe haven" Treasuries in more than a year, Lipper data showed on Thursday.

Chinese online insurer ZhongAn to seek $11 billion valuation in HK IPO: IFR

HONG KONG (Reuters) - ZhongAn Online Property and Casualty Insurance Co Ltd [IPO-ZAOL.HK], China's first internet-only insurer, plans to seek a valuation of up to $11 billion with its Hong Kong initial public offering, IFR reported on Thursday, citing people close to the deal.

Traders raise U.S. rate-hike view as CPI accelerates

NEW YORK (Reuters) - U.S. interest rates futures added to earlier losses on Thursday as domestic consumer prices grew 0.4 percent in August, faster than forecast, causing some traders to rebuild bets the Federal Reserve would raise rates at its Dec. 12-13 meeting.

Your Money: Raising money for an emergency raises money questions

NEW YORK (Reuters) - When Lori Jung set up a crowdfunding campaign to help with her brother's medical expenses for spinal cord damage, she also spoke to an accountant.

Carlyle to sell South Korean security firm ADT Caps: sources

HONG KONG (Reuters) - Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter said.

Largest U.S. university endowment funds pull back on ETF exposure

NEW YORK (Reuters) - The largest U.S. college endowment funds are pulling back their holdings of exchange-traded funds even as they invest more money in passive strategies overall, a move that may help bolster traditional mutual fund managers at a time when ETF providers like BlackRock Inc are seeing the majority of investor inflows.

Bridgewater's Dalio says would be 'terrible' if Cohn left White House

NEW YORK (Reuters) - Billionaire hedge fund manager Ray Dalio on Tuesday threw his weight behind President Donald Trump's top economic adviser, saying it would be "terrible" if Gary Cohn were to leave the Trump administration.