NEW YORK (Reuters) - U.S. fund investors pulled $9.8 billion from stocks during the latest week, Lipper data showed on Thursday, halting the investments' budding momentum after February's selloff. [Source]
NEW YORK (Reuters) - Volatility in U.S. equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds.
BOSTON (Reuters) - Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie markers and...
NEW YORK (Reuters) - Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential U.S. trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses.
WASHINGTON (Reuters) - Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year's devastating hurricanes and floods praised Congress for extending the program through July 31.
(Adds Permian rigs, Good Friday holiday schedule) March 23 (Reuters) - U.S. energy companies added oil rigs this week for a second week in a row, data showed on Friday, as drillers followed through on plans to boost spending, encouraged by crude prices rising toward their highest in nearly three years. Drillers added four oil rigs in the week to March 23, bringing the total count to 804, the highest since March 2015, General Electric Co's Baker Hughes energy services firm said in
NEW YORK (Reuters) - U.S. investment firm Tiger Global Management is in the process of buying $50 million worth of shares of online asset management startup Wealthfront, a source familiar with deal...
NEW YORK (Reuters) - Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York's attorney general that it fraudulently routed clients' stock trades to outside firms, including one run by swindler Bernard Madoff.
(Reuters) - A New York City firefighter was killed and five others including two firefighters were injured in a blaze in a historic building where a movie starring Bruce Willis and Alec Baldwin was being filmed, local media reported and officials said early on Friday.
SYDNEY (Reuters) - Australia's top banks routinely and repeatedly breached laws when issuing home loans, credit cards and other consumer loans, according to a scathing summary of the first round of...
President Trump's incoming national security adviser, John Bolton, told Fox News that foreign leaders can't be open in conversation if "some munchkin in the Executive branch" is leaking talking points with the president.
WASHINGTON (Reuters) - Legislation to fund the government beyond Friday, which was on a fast track toward passage by the U.S. Congress, hit a bump on Thursday as Republican Senator Rand Paul employed procedural delays while he hunkered down to read the 2,232-page tome.
Chicken Little was right. In a very literal sense, the sky is falling. Not today and not tomorrow, but eventually. NASA has announced that on September 22, 2135 (which happens to be a Thursday, if you need to check your schedule), there is a small chance an asteroid a third of a mile across (named Bennu) will slam into the Earth with an impact energy equivalent to the currently deployed arsenal of US nuclear ballistic missiles.
Catherine Jones lives on $930 a month in Social Security benefits, so every dollar counts for the retired Detroit nurse. Her income is low enough to qualify for a special Medicare program that covers...
NEW YORK (Reuters) - U.S. stocks slumped on Thursday as President Donald Trump's move to impose tariffs on up to $60 billion of Chinese imports drove fears about the impact on the global economy, fueling the biggest percentage declines in Wall Street's three major indexes since they entered correction territory six weeks ago.
NEW YORK (Reuters) - The board that oversees major airports in New York and New Jersey voted on Thursday to consider phasing in a minimum wage increase to $19 per hour by 2023, affecting about 20,000 workers.
NEW YORK, March 22 (Reuters) - James Keith "JK" Brown, a top hedge fund marketer who left Och-Ziff Capital Management Group LLC last year, is set to join Coatue Management LLC to lead its investor relations unit, according to a person familiar with the situation.
WASHINGTON/LONDON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg's apology for how his company handled 50 million users' data did little on Thursday to ease investor worries about the cost to fix mistakes and lawmakers' dismay that his response did not go far enough.
(Reuters) - A New York City regulator is investigating 13 buildings controlled by a company formerly run by Jared Kushner, a top aide to U.S. President Donald Trump and his son-in-law, over possible "illegal activity" related to work permits, according to public filings.
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, but the increase was marginal, suggesting strong job growth in March that should underpin consumer spending.
WASHINGTON (Reuters) - The U.S. Congress was racing on Thursday to approve a massive spending bill and send it to President Donald Trump for enactment before a midnight Friday government shutdown deadline, in a move that would significantly boost defense and non-military funding through Sept. 30.
(Reuters) - A New York City regulator is probing 13 buildings controlled by a company formerly run by Jared Kushner, a top aide to U.S. President Donald Trump and his son-in-law, over possible "illegal activity" related to work permits, according to public filings.
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....
NEW YORK, March 22 (Reuters) - An Och-Ziff Capital Management executive is leaving the company to run a new firm backed by global investment firm Millennium Management, according to two sources familiar with the matter, the latest move in the commodities fund industry after a turbulent 2017.
HONG KONG (Reuters) - China's SZ DJI Technology Co Ltd, the world's largest maker of drones for consumers, is in talks with investors for at least $500 million in funding ahead of a planned stock market debut, people with knowledge of the matter said.
OSLO (Reuters) - The past three years were the hottest on record and heat waves in Australia, freak Arctic warmth and water shortages in Cape Town are extending harmful weather extremes in 2018, the United Nations said on Thursday.
WASHINGTON (Reuters) - President Donald Trump, in talks with congressional leaders on Wednesday, backed a $1.3 trillion spending bill meant to avert a U.S. government shutdown, even though it is expected to exclude some of his specific immigration-related funding requests.
WASHINGTON/NEW YORK (Reuters) - Tech start-ups that issue digital tokens to raise funds are falling in line with U.S. securities laws or seeking legal ways to skirt them after the Securities and Exchange Commission (SEC) said it planned to regulate the market.
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...
NEW YORK (Reuters) - UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 global financial crisis.
WASHINGTON (Reuters) - More money for border security and fighting Russian election hacking was expected to be included in a $1.3 trillion U.S. government spending bill taking shape in Congress on Wednesday, along with gun legislation and a fix to a "grain glitch" in last year's sweeping tax law overhaul.
NEW YORK, March 21 (Reuters) - UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 global financial crisis.
WASHINGTON, March 21 (Reuters) - More money for border security and fighting Russian election hacking was expected to be included in a $1.3 trillion U.S. government spending bill taking shape in Congress on Wednesday, along with gun legislation and a fix to a "grain glitch" in last year's sweeping tax law overhaul.
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...
(Reuters) - Millions of commuters along the U.S. East Coast faced another round of heavy snow, ice and gusty winds on Wednesday as the fourth major snowstorm this month struck the region, closing schools, grounding flights and halting buses and trains.
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...
WASHINGTON (Reuters) - A deal to fund the U.S. government through the end of September is expected to include less funding than initially proposed for building a new train tunnel under the Hudson River connecting New York City and New Jersey, two people briefed on the talks said.
FRANKFURT (Reuters) - A strong euro and higher funding costs have created a 450 million euro ($552.92 million) headwind for Deutsche Bank in the first quarter of the year, the German lender's finance chief said on Wednesday.
HONG KONG (Reuters) - Standard Chartered PLC's chief executive of private and commercial banking is leaving the bank to join another financial services company in London, the emerging markets-focused...
PARIS (Reuters) - France's Nicolas Sarkozy faced a second day of questioning on Wednesday by investigators looking into allegations that his 2007 election campaign had received funds from late Libyan leader Muammar Gaddafi.
(Updates position data, prices) BEIJING, March 21 (Reuters) - Shanghai copper prices fell for a fourth day on Wednesday, marking their lowest close in almost six months amid fears of a trade war as investors waited for news on a U.S. interest rate hike. Short positions held by brokerages on the most traded May copper contract on the Shanghai Futures Exchange (ShFE) rose by almost 3,000 lots to 104,540 lots on Wednesday and now exceed long positions by more than 18,000 lots, ShFE data s
(Reuters) - U.S. public pension fund CalSTRS said on Wednesday it is opposed to Tesla Inc's recommendation to support Chief Executive Elon Musk's compensation arrangement at the electric car maker's shareholder meeting.
March 21 (Reuters) - Gold prices inched up on Wednesday as the dollar crept lower, while investors awaited the conclusion of U.S. Federal Reserve's two-day meet for clues on faster monetary tightening, expecting the first rate increase of the year later in the day. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,311.72 per ounce, as of 0118 GMT. Prices hit a nearly three-week low in the previous session at $1,306.91. * U.S. gold futures for April delivery
NEW YORK (Reuters) - A federal judge on Tuesday rejected former New York State Assembly Speaker Sheldon Silver's bid to dismiss his indictment on corruption charges, clearing the way for a possible retrial after his earlier conviction had been thrown out.
WASHINGTON (Reuters) - U.S. lawmakers neared agreement on Tuesday on a massive government spending bill that Congress hopes to pass by Friday, as congressional leaders worked to narrow their differences on thorny issues such as President Donald Trump's border wall.
BOSTON (Reuters) - The former chief executive of F-Squared Investments Inc, once the largest U.S. money manager creating portfolios out of exchange-traded funds, must pay more than $12.4 million for...
NEW YORK (Reuters) - A gauge of stress in the U.S. money markets climbed to its highest level in nearly nine years on Tuesday on concerns about growing costs for banks and other companies to borrow...
PARIS (Reuters) - Former French President Nicolas Sarkozy was held in custody on Tuesday and questioned by magistrates investigating whether late Libyan leader Muammar Gaddafi helped finance his 2007 election campaign, an official in the French judiciary said.
LONDON, March 20 (Reuters) - Fidelity's Eight Roads Ventures Europe has raised a new $375 million fund, its third, with plans to invest in growth-stage tech firms across Europe and Israel that aim to scale up globally, the venture firm said on Tuesday.
PARIS (Reuters) - Former French President Nicolas Sarkozy was being held in police custody on Tuesday for questioning by magistrates looking into allegations of Libyan funding for his 2007 election campaign, an official in the French judiciary said.
LONDON, March 19 (Reuters) - The last time banks had to pay this much to borrow dollars from each other over near risk-free borrowing costs, the euro zone's very existence was in peril. The time before that, the global financial system was slowly coming back from the brink of collapse.
WASHINGTON (Reuters) - The U.S. Congress, facing a Friday midnight deadline, toiled on Monday to finish writing a $1.2 trillion bill to fund the federal government through Sept. 30, as several thorny issues lingered, including funding President Donald Trump's border wall.
NEW YORK (Reuters) - United Airlines is struggling to repair its badly bruised public image after the death of a puppy onboard one of its flights reignited public debate about the airline's customer service failures.
NEW YORK (Reuters) - With European and U.S. lawmakers calling for investigations into reports that Facebook user data was accessed by UK based consultancy Cambridge Analytica to help President Donald Trump win the 2016 election, investors are asking even more questions about the social media company's operations.
(Reuters) - Mississippi's governor signed into law on Monday the most restrictive abortion measure in the United States, which abortion rights advocates have vowed to contest in court as unconstitutional.
We were lulled into submission early Friday night. All week President Donald Trump had raised the possibility there would be major personnel changes in the White House: Secretary of State Rex Tillerson had already been fired by tweet earlier in the week, but the rumors -- egged on by Trump himself -- were swirling that there would be other "You're Fireds."
SAN FRANCISCO (Reuters) - A deep sell-off across technology companies on Monday on U.S. stock markets left some investors worrying how much longer those high-flying stocks' market leadership would last.
NEW YORK (Reuters) - Actress and liberal activist Cynthia Nixon, one of the stars of the hit television series "Sex and the City," announced on Monday she would run for governor of New York, challenging incumbent Andrew Cuomo for the Democratic nomination.
The Renaissance papacy was a double-edged sword with the Catholic Church selling indulgences to fund the extravagance of its leaders as well as some of the most important art ever created. Watch "Pope: The Most Powerful Man in History," Sundays at 10 p.m. ET/PT.
AUSTIN, Texas (Reuters) - Two men on bicycles were wounded after a bomb exploded, possibly detonated by a trip wire, police said on Monday, as authorities continued to investigate three parcel bombs that killed two people earlier this month in the Texas capital.
NEW YORK (Reuters) - The European Central Bank and Bank of Japan are about three years behind the Federal Reserve in policy normalization as inflation in Europe and Japan will likely stay below their...
PARIS (Reuters) - Societe Generale SA said on Monday that it hoped to resolve "within weeks" U.S. investigations into alleged Libor rigging and transactions made by the French bank involving Libyan counterparts.
(Reuters) - Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen's investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment.
SAN FRANCISCO, March 16 (Reuters) - Outsized returns delivered by Amazon.com, Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn.
BRATISLAVA (Reuters) - Slovakia's ruling coalition aims to select new ministers this week, incoming Prime Minister Peter Pellegrini said on Sunday as the government seeks to navigate its way through a political crisis sparked by the murder of a journalist.
NEW YORK (Reuters) - Authorities alerted by a Walmart worker arrested a former Cornell University student accused of stockpiling a semi-automatic rifle, more than 300 rounds of ammunition, bomb-making materials and other deadly devices at his apartment near the upstate New York elite school.
(Reuters) - Golden State Warriors forward Kevin Durant will miss at least two weeks of the NBA season after an MRI on Friday revealed a fractured rib in the latest injury setback for the shorthanded defending champions.
SAN FRANCISCO (Reuters) - A senior executive said Microsoft Corp thoroughly investigates issues raised by women in the workplace and fired about 20 employees last year over complaints of sexual harassment as the company seeks to counter claims that it treats female workers unfairly.
CHICAGO (Reuters) - Caterpillar Inc will close two facilities in Texas and Panama and is also considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, but the move could cut 880 jobs.
March 16 (Reuters) - Federal prosecutors have charged five New York doctors with taking kickbacks from Insys Therapeutics Inc in exchange for prescribing the company's potent spray version of the opioid drug fentanyl.
March 16 (Reuters) - U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending plans for this year. Drillers added four oil rigs in the week to March 16, bringing the total count to 800, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. The U.S. rig count, an early indicator of future o
NEW YORK (Reuters) - The Federal Reserve Bank of New York is considering a "handful" of candidates for what is seen as the second most influential job at the U.S. central bank, its directors said on Friday, as political pressure mounts to choose someone who breaks with past precedent.
WASHINGTON (Reuters) - Democratic U.S. Representative Louise Slaughter, a Kentucky blacksmith's daughter who became a leading progressive voice in Congress from New York, died early on Friday, her chief of staff said. She was 88.
PRETORIA (Reuters) - Former South African president Jacob Zuma is to face corruption charges over a $2.5 billion arms deal, prosecutors said, as a years-old scandal returned to haunt him within weeks of his fall from power.
BOSTON (Reuters) - Walt Disney Co Chairman and Chief Executive Robert Iger stands to earn up to $423 million over four years, according to a new analysis of a compensation package rejected by shareholders, and some investors want to raise the bar on his performance targets.
LONDON (Reuters) - A major revamp of how investment funds are managed and regulated in Europe appears to be aimed at taking business from Britain and should be scrapped as there is no evidence it is...
BRUSSELS (Reuters) - Britain and the European Union could agree a "provisional" deal next week on a post-Brexit transition period, a senior Brussels diplomat said on Friday, stressing that this will only happen if London and the bloc resolve all divorce matters first.
BOSTON (Reuters) - State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said,...
NEW YORK (Reuters) - The legal fight over a complex Credit Suisse financial instrument betting on stock market swings is expanding, with a new lawsuit targeting one of the product's service providers.
LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify used its cultural cool factor to appeal to mom-and-pop investors in an unconventional presentation ahead of its April 3 stock market listing.
NEW YORK, March 15 (Reuters) - The S&P 500 edged slightly lower on Thursday, in its first four-day losing streak of 2018, while global political tensions kept demand high for safe-haven government bonds on both sides of the Atlantic.
WASHINGTON (Reuters) - U.S. District Judge Richard Leon said on Thursday a trial to decide if AT&T's $85 billion acquisition of Time Warner Inc is legal under U.S. antitrust law may last six to eight weeks, significantly longer than previously forecast.
LONDON/SAN FRANCISCO (Reuters) - Streaming music leader Spotify said on Thursday it has a clear path to profit as it spelled out to retail investors its growth plans and how it aims to fend off big rivals Apple Inc and Amazon.com Inc ahead of an unusual April 3 listing.
WASHINGTON (Reuters) - The United States on Thursday took its most notable action against Russia since Donald Trump became president, slapping sanctions on a group of Russian individuals and entities, including Moscow's intelligence services, for meddling in the 2016 U.S. election and malicious cyber attacks.
WASHINGTON (Reuters) - The Trump administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said on...
NEW YORK (Reuters) - A gauge of stress in the U.S. money markets grew to its highest level in more than six years on Thursday, bolstering the risk of further increase in the costs for banks and other...
LONDON (Reuters) - JPMorgan will launch a new overall bond index on Thursday that will unify all of the bank's flagship bond indexes that cater to specific areas such as government bonds and emerging...
(Reuters) - U.S. federal energy regulators gave themselves more time to decide whether to rehear their earlier order upholding New York's denial of a water permit for Williams Cos Inc's Constitution natural gas pipeline from Pennsylvania to New York.
ZURICH (Reuters) - Switzerland's parliament rejected on Thursday a bid to amend the law handling ill-gotten bank profits seized by authorities that had aimed to return more than $100 million linked...
LONDON (Reuters) - Uber [UBER.UL] said on Thursday it will share data gathered from the millions of trips its cars make in London in the latest move to meet requests from the city's regulator, which stripped the taxi app of its license last year.
NEW DELHI/SINGAPORE (Reuters) - Boeing Co, considered the frontrunner in the race to supply the Indian navy with new fighter jets, is now in contention for a much bigger $15 billion order after the government abruptly asked the air force to consider the twin-engine planes.
By Trevor Hunnicutt NEW YORK, March 14 (Reuters) - U.S. fund investors withdrew billions from domestic stocks during the equity market's tariff tantrum, the Investment Company Institute (ICI) said on Wednesday, adding turbulence to a market that has shed its carefree attitude. Some $11 billion was liquidated from U.S.-based domestic stock mutual funds and exchange-traded funds (ETFs) during the seven days ended March 7, according to the trade group, as U.S. President Donald Trump ann
NEW YORK (Reuters) - Goldman Sachs said on Wednesday it continues to expect broad weakness in the U.S. dollar and outperformance by emerging market currencies in 2018 amid investors' concerns about...
(Reuters) - After almost three barren years for investors who have poured millions into the U.S. oil sector, producers are finally opening the floodgates to a wave of share buybacks that will return money to shareholders this year.
SHANGHAI (Reuters) - Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey.