By Aaditya GovindRao (Reuters) – Australian financial stocks are ruling the roost on the traditionally miners-led local main index, fueled by growing interest from equity funds that are wary of[...]
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Bank of America CEO says US consumers could become discouraged unless rates drop soon
(Reuters) – If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday. At the e[...]
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Traders lose billions on big volatility short after stocks rout
By Nell Mackenzie LONDON (Reuters) -A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks[...]
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Britain plans traffic light system to end poor-value pensions
By Huw Jones LONDON (Reuters) – Britain’s markets watchdog proposed a traffic light system on Wednesday showing savers how much value for money they get from their pension, with laggards p[...]
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Aftershocks of carry trade at heart of market rout could still have reverberations
By Carolina Mandl and Laura Matthews NEW YORK (Reuters) -Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn’t done yet, with more[...]
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Are 401(k) matching contributions all they are cracked up to be?
(This August 1 story has been corrected to fix the percentage of employer contributions to 40% instead of 58%, in paragraph 5) By Mark Miller (Reuters) – When you are saving for retirement in a[...]
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US bond yield drop suggests lower mortgage rates may be coming
By Makailah Gause NEW YORK (Reuters) – The financial market upheaval of the last several days may soon offer a silver lining to millions of U.S. households: Mortgage rates look set to fall furth[...]
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Analysis-Global stock traders face dip-buying dilemma after crushing selloff
By Lewis Krauskopf and Suzanne McGee (Reuters) – A selloff that rocked equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over t[...]
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Ares Management closes its latest direct lending fund at record $34 billion
(Reuters) – Ares Management said on Wednesday it has closed its latest direct lending fund with a capital base of $34 billion, making it the largest in the investment manager’s history. To[...]
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