Wells Fargo trims expected hit from regulatory cap on assets

Wells Fargo trims expected hit from regulatory cap on assets

BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations.

Tax cut helping turn U.S. small caps into unlikely source of safety

NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.

Vermont can show Washington the way on senior housing policy

CHICAGO (Reuters) - Hey, Ben Carson - how about a field trip to Vermont?

Bank of America affirms gun pledge, hints at Remington loan exit

WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.

Some U.S. fund managers finally convinced oil rally is for real

NEW YORK (Reuters) - U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that gains in crude prices - on track for their fourth consecutive quarterly gain, the longest such stretch for more than 10 years - are more than a mirage.

U.S-based emerging market stock funds post largest outflows since 2016

NEW YORK (Reuters) - U.S. fund investors are wavering on one of their favorite bets of the last year, walloping emerging-market stocks and hunkering down in short-term bonds.

Entrepreneur 101: To nurture job growth, U.S. universities seed start-ups

NEW YORK (Reuters) - A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities.

Happy Mother's Day - paying the 'motherhood penalty'

CHICAGO - If mom arrives at this year's Mother's Day gathering looking like she needs less stress and more relaxation, resist the urge to tell her to leave her job.

U.S. bond funds take in cash for eleventh straight week: ICI

NEW YORK (Reuters) - U.S. fund investors are shifting from stocks to bonds and piled into debt markets for an 11th straight week, Investment Company Institute (ICI) data showed on Wednesday.

Majority of Sturm Ruger investors vote for gun-safety report

A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the first victory for such a proposal.

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