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

Reuters Money

Chicago teachers pension fund divesting from private prisons

Fri, Aug 17, 2018

The Chicago Teachers' Pension Fund's board of trustees voted on Friday to phase out investments in companies that run private prisons or immigrant detention centers, saying the businesses have an... ...

Trump backs CEOs, proposes easing corporate reporting rules

Fri, Aug 17, 2018

U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive... ...

Trump asks SEC to mull half-year corporate filings

Fri, Aug 17, 2018

U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six... ...

It will be tough for Trump's SEC to overhaul reporting rules

Fri, Aug 17, 2018

U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six... ...

SEC says it continues to study frequency of company reporting

Fri, Aug 17, 2018

The Securities and Exchange Commission will continue to study the frequency of public company reporting after President Donald Trump called on the agency to consider shifting from quarterly to... ...

SEC moves to ease information disclosure requirements

Fri, Aug 17, 2018

The top U.S. securities regulator on Friday said it had voted to simplify and update requirements for disclosing information that it considers redundant or outdated, with the aim of reducing... ...

Kill quarterly reporting? Some investors ring alarm bells

Fri, Aug 17, 2018

Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some... ...

U.S. value stocks capitalize on 'FANG' stumbles, with room to run

Fri, Aug 17, 2018

The summer roller-coaster in two of the four big-cap 'FANG' names - Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc - has led to a shift, albeit slight, into value stocks. ...

Investors flee risk as bear markets multiply: BAML

Fri, Aug 17, 2018

Investors pulled billions from equities this week, shifting into bonds and high dividend-yielding sectors as Turkey's currency crisis sparked a global selloff and emerging markets entered bear... ...

First crack at Musk could give top Tesla funds an edge

Thu, Aug 16, 2018

Information about Elon Musk's efforts to take Tesla Inc private is scarce. But some small investors wonder if top funds have an edge. ...