Friday 18 May 2018

U.S. bank stock gains may stall after two-year rally

U.S. bank stock gains may stall after two-year rally

(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.

Ackman says Pershing Square Holdings up 0.1 percent this year

BOSTON (Reuters) - Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square Holdings Ltd portfolio was barely in the black so far this year.

Remedy for high drug costs: Let Medicare negotiate

CHICAGO (Reuters) - (The writer is a Reuters columnist. The opinions expressed are his own.)

Hedge fund Pagoda Asset Management shutting after four years -source

BOSTON (Reuters) - Hedge fund Pagoda Asset Management is shutting down at the end of the month, becoming the latest casualty in the $3.2 trillion industry after a period of sluggish returns, a source with knowledge of the move said on Thursday.

BlackRock may keep fees despite executive's U.S. campaign donation: SEC

NEW YORK (Reuters) - BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich's U.S. presidential campaign, according to a preliminary ruling late on Friday by a securities regulator.

Cboe and BlackRock to launch corporate bond index futures

(Reuters) - Exchange operator Cboe Global Markets Inc said on Wednesday it has collaborated with the world's largest asset manager, BlackRock Inc, to develop U.S. corporate bond index futures.

Parents inch closer to college saving goals, study says

NEW YORK (Reuters) - When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals - as long as they reduce the amount of money they save, that is.

Unmasked: Life lessons with actor Antonio Banderas

NEW YORK(Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)

Chemicals boss Ratcliffe tops Sunday Times Rich List

LONDON (Reuters) - Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among a record 145 billionaires living in the country.

Sober in Sin City: Hedge funds focus on work at Las Vegas event

LAS VEGAS (Reuters) - A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked "Sin City" celebrations and more on the grind of vetting fund managers.

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