Bhinneka News Online: Reuters Money: July 31, 2017

Monday 31 July 2017

Reuters Money: July 31, 2017

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Monday, July 31, 2017

Investors stick with macro funds, hope for volatility comeback

LONDON (Reuters) - Lack of volatility in financial markets that has hit 'macro' hedge funds in the first half of the year has not stopped some investors from betting that things could get bumpier in the second half.

Senator Warren calls on Fed to remove Wells Fargo board members

WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance.

Republicans' next health reform act targets Medicare

CHICAGO (Reuters) - President Donald Trump has vowed repeatedly that he "wouldn't touch" Medicare or Social Security, but someone forgot to tell House Republicans.

Macro trader Fisher joins Soros as CommonWealth shuts

NEW YORK (Reuters) - Macro hedge fund firm CommonWealth Opportunity Capital GP LLC is shutting down and its leader, Adam Fisher, is set to join Soros Fund Management LLC, where he will help manage money for billionaire George Soros, according to people familiar with the situation.

Your Money: Why you need time, money to serve on a volunteer board

NEW YORK (Reuters) - For many of us, the notion of being on a board of directors seems like the pinnacle of capitalist dreams.

Wells Fargo board not changing quickly enough: NYC Comptroller

(Reuters) - Wells Fargo & Co needs to work more quickly to remake its board of directors following a sales scandal and public rebuke at the bank's annual meeting in April, New York City Comptroller Scott Stringer said.

Superstar firm vogue heads for fire of overvaluation or ice of regulation: James Saft

(Reuters) - It may not happen soon but eventually the vogue for investing in "superstar firms" like Google, Facebook and Amazon will end in the fire of overvaluation or the ice of regulation.

Ex-Lehman trader loses most of $83 million bonus bid: U.S. appeals court

NEW YORK (Reuters) - A former star Lehman Brothers Holdings Inc [LEHMB.UL] trader can try to recoup only about $7.7 million of an $83 million bonus he claimed to be owed after the investment bank collapsed in 2008, a federal appeals court ruled on Thursday.

U.S. fund investors shun stocks during second-quarter earnings, buy bonds: Lipper

NEW YORK (Reuters) - U.S. fund investors sidestepped stocks in favor of bonds during the latest week, Lipper data showed on Thursday, showing little confidence as a heavy dose of second-quarter corporate earnings results rolled in.

U.S. muni bond funds post $323 million in inflows: Lipper

U.S. municipal bond funds reported $323 million of net inflows in the week ended July 26, compared with $298.6 million in inflows in the previous week, according to data released by Lipper on Thursday.