Wednesday 13 June 2018

As millennials age, more U.S. companies look ahead to Generation Z

As millennials age, more U.S. companies look ahead to Generation Z

NEW YORK (Reuters) - After a decade of focusing on the so-called millennial generation, some U.S. companies are starting to look ahead to what's next.

U.S. Medicare expands offer to reverse late enrollment penalties

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

Gundlach says 'excellent time' to shift into emerging markets

NEW YORK (Reuters) - The recent selloff in emerging markets has provided investment opportunities not seen in years, Jeffrey Gundlach, executive of DoubleLine Capital, said on Tuesday, and he urged moving at least some money into emerging market bonds.

Morgan Stanley's fixed-income business has great potential: CEO

NEW YORK (Reuters) - Morgan Stanley Chief Executive Officer James Gorman said on Tuesday that in recent years the bank's fixed-income group has had the greatest opportunity for delivering growth.

Wells Fargo workers push for more board access, so far in vain

(Reuters) - A labor-backed group is stepping up pressure on Wells Fargo & Co to add an employee to a council that has the ear of the bank's board and management, arguing workers deserve a voice as Wells Fargo works to get past a damaging scandal over sales practices.

Your Money: Join the great chase for cheaper 'runcations'

NEW YORK (Reuters) - For some people, the ideal vacation involves a lounge chair, a stiff drink with an umbrella in it and a whole lot of nothing.

Investors pull $300 million from Bill Gross fund in May: Morningstar

NEW YORK (Reuters) - Billionaire Bill Gross' bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from research service Morningstar Inc showed on Tuesday.

Repeat after me: Social Security and Medicare are not insolvent

CHICAGO (Reuters) - It happens like clockwork each year. The trustees of Social Security and Medicare issue their annual reports on the programs' health, and doomsayers start talking about insolvency and bankruptcy.

Investors push for board seats to help wind down Ranger Direct fund

NEW YORK (Reuters) - Two large investors in Ranger Direct Lending Fund, Oaktree Capital Management and LIM Advisors, said they would continue a push to elect their board nominees at the closed-end fund that announced it was winding itself down.

Vanguard internal dividend up most since 1997-adviser

BOSTON (Reuters) - Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual fund company said on Friday.

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