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

Reuters Money

DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows

Tue, Dec 11, 2018

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows. ...

Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever

Tue, Dec 11, 2018

Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger... ...

Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell

Mon, Dec 10, 2018

Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal... ...

In a tight labor market, companies bet big on five-year rewards

Mon, Dec 10, 2018

In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company. ...

Investors flee bonds and stocks in turbulent week for growth and trade

Fri, Dec 07, 2018

Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at... ...

Medicare Advantage plans get unfair push from U.S. government: critics

Fri, Dec 07, 2018

Insurance companies do not need any help marketing Medicare Advantage plans - just ask anyone over age 65 about the pitches that clog their mailboxes every year during the fall enrollment period, or... ...

Employee rights group says Wells Fargo declined planned meeting

Thu, Dec 06, 2018

A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by... ...

BlackRock's Rieder buying longer-term bonds as Fed pause seems likely

Thu, Dec 06, 2018

BlackRock Inc's Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this... ...

First steps towards a life of giving back

Wed, Dec 05, 2018

Here is some good news to hold onto this holiday season: Americans are giving more than ever. ...

DoubleLine's Gundlach says Treasuries point to economy ready to weaken

Tue, Dec 04, 2018

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the "economy is poised to weaken." ...