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

Reuters Money

New York court dismisses whistleblower's libel suit against UBS

Fri, May 24, 2019

A New York appeals court has dismissed a U.S. whistleblower's $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were... ...

First net inflows into global equities in 10 weeks: BAML

Fri, May 24, 2019

Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China... ...

D.E. Shaw's top shareholder activist Koffey leaves hedge fund

Thu, May 23, 2019

Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the... ...

Hedge fund manager David Tepper plans to send investors' money back

Thu, May 23, 2019

Billionaire David Tepper plans to turn his hedge fund Appaloosa Management into a family office where he will invest his personal fortune and return capital to outside clients at some point, a person... ...

Why pessimism on Social Security could come back to bite millennials

Thu, May 23, 2019

Why does the word “old” come to mind for so many of us when the topic of Social Security comes up?   ...

Investors continue four-week retreat from U.S. stock market

Wed, May 22, 2019

Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according to data... ...

'Toxic cocktail' brewing for U.S. asset managers: hedge fund investor Kass

Tue, May 21, 2019

Hedge fund investor Doug Kass said on Tuesday that he is shorting several investment managers, including T. Rowe Price Group Inc and Franklin Resources Inc, as they could be "the next group to feel... ...

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

Tue, May 21, 2019

From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials. ...

Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan

Mon, May 20, 2019

U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according... ...

Your money: Cosigning a student loan? Be prepared to pay

Fri, May 17, 2019

(This May 16 story corrects 10th paragraph to clarify that 96% of cosigns are for undergraduate loans.) ...