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Repeat after me: Social Security and Medicare are not insolvent

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.

Your Money: New insurance hacks cyber threats against the rich

NEW YORK (Reuters) - Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats.

College pay-off seems elusive for many U.S. young people

CHICAGO (Reuters) - When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor's degree in biology eight years ago, he thought he would quickly get a job in a laboratory and pay off $30,000 in student loans.

U.S. money market funds see biggest inflows in nearly five years: Lipper

NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years in the latest week, seizing an opportunity to reap richer yields while taking less risk, Lipper data showed on Thursday.

Federal Reserve to release stress test results on June 21 and June 28

WASHINGTON (Reuters) - The Federal Reserve announced on Thursday it would release the results of its 2018 stress tests for large banks on June 21 and June 28.

Some fund managers are avoiding Amazon as it leads U.S. market

NEW YORK (Reuters) - For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc .

Bank of America raises planned Paris job moves before Brexit: sources

LONDON (Reuters) - Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of Brexit, two sources familiar with the matter said.

Phony bank accounts not a 'systemic' issue: U.S. regulator

WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem.

Julius Baer looks to fixed price system to bolster returns

ZURICH (Reuters) - (This version of June 7's story refiles as the bank corrects breakdown of its mandates business to read 34 percent(not 50 percent)advisory mandates, 16 percent discretionary mandates & 50 percent(not 30 percent) remianing business.)

Icahn buys small stake in drugmaker Allergan: sources

(Reuters) - Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the matter said on Wednesday.

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