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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

World's first ATM machine turns to gold on 50th birthday

Tue, Jun 27, 2017

LONDON (Reuters) - Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary. ...

Meditating on life with hip-hop entrepreneur Russell Simmons

Mon, Jun 26, 2017

NEW YORK (Reuters) - If there is one American entrepreneur who seems to thrive across multiple industries and spanning different eras, it would have to be Russell Simmons. ...

Your money: Now you can get miles for your student loan

Mon, Jun 26, 2017

NEW YORK (Reuters) - Dana Friend was skeptical about all the offers flooding her inbox to refinance her student loan with a private company, but what sold her in the end was not the offer to cut her... ...

Deutsche Bank's chief U.S. economist LaVorgna steps down: Bloomberg

Mon, Jun 26, 2017

NEW YORK (Reuters) - Deutsche Bank AG's chief U.S. economist Joe LaVorgna left last week after about 20 years with the bank and plans to "work elsewhere in financial services," Bloomberg said on... ...

Hedge fund PSAM buys stake in CdR Capital

Mon, Jun 26, 2017

NEW YORK (Reuters) - Hedge fund firm P. Schoenfeld Asset Management has bought a minority stake in CdR Capital, the two investment managers said in a statement on Monday. ...

Berkshire bulks up in real estate with Store Capital stake

Mon, Jun 26, 2017

NEW YORK (Reuters) - Berkshire Hathaway Inc has taken a nearly 10 percent stake in the real estate investment trust Store Capital Corp, adding to bets in the sector by the conglomerate controlled by... ...

Investing with 'green' ratings? It's a gray area

Mon, Jun 26, 2017

BOSTON/NEW YORK (Reuters) - Investors betting trillions on ethically-appealing stocks may not be getting all they expect. ...

Biggest U.S. banks clear first hurdle in Fed's annual stress tests

Fri, Jun 23, 2017

WASHINGTON/NEW YORK (Reuters) - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to... ...

Column: Big Social Security COLA will be offset by Medicare premiums

Thu, Jun 22, 2017

CHICAGO (Reuters) - Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare... ...

U.S. stock fund flows decline week after one of biggest inflows of 2017

Thu, Jun 22, 2017

NEW YORK (Reuters) - Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday. ...