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Daily News

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

Reuters Money

U.S. stock fund withdrawals largest of 2017: ICI

Wed, Aug 23, 2017

NEW YORK (Reuters) - Investors battered U.S.-based stock funds with the largest withdrawals this year as wild trading disrupted the market's summertime calm, Investment Company Institute (ICI) data... ...

Q&A: Crystal-clear life lessons from Nadja Swarovski

Tue, Aug 22, 2017

NEW YORK (Reuters) - From Michael Jackson's iconic white glove to the star on top of the Rockefeller Center Christmas tree, Swarovski crystals seemingly pop up everywhere. ...

Mutual funds mark down investments in Uber by as much as 15 percent

Wed, Aug 23, 2017

NEW YORK (Reuters) - Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing... ...

Funds buy record amounts of longer-dated Treasuries at auctions

Tue, Aug 22, 2017

NEW YORK (Reuters) - Investment funds purchased record amounts of longer-dated U.S. government debt during the quarterly refunding conducted in early August, according to Treasury Department data... ...

Hedge fund manager Dalio cuts risk amid worries about Washington

Mon, Aug 21, 2017

BOSTON (Reuters) - Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of... ...

ADP rejects new board candidates, Ackman fires back

Mon, Aug 21, 2017

(Reuters) - Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying... ...

U.S. money market assets increased in latest week: iMoneyNet

Wed, Aug 23, 2017

NEW YORK, Aug 23 (Reuters) - U.S. money market fund assets increased by $25.44 billion to $2.698 trillion in the week ended Aug 22, the Money Fund Report said on Wednesday. ...

Vontobel to buy eastern European private banking portfolio from Notenstein

Mon, Aug 21, 2017

ZURICH (Reuters) - Swiss bank Vontobel has agreed to buy a roughly 2 billion Swiss franc ($2.1 billion) portfolio of eastern European private banking clients from Notenstein La Roche Private Bank... ...

Doubling Down: Leveraged ETFs offer promise - and danger

Mon, Aug 21, 2017

NEW YORK (Reuters) - In a volatile market, boring investments can be pretty darn sexy. That is why investors have plowed more than $4 trillion into exchange-traded funds, according to London-based... ...

Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs

Fri, Aug 18, 2017

LONDON/DUBLIN (Reuters) - "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a... ...