Friday 24 August 2018

U.S. fund investors hike China exposure despite trade strife

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U.S. fund investors hike China exposure despite trade strife

U.S. fund investors apparently saw a buying opportunity in China despite ongoing trade tensions, adding their most exposure to that market since January, Lipper data for the latest week showed on Thursday.

Fidelity fund votes backed Tesla, potential sign of more support

Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, and experts said that could indicate further support for Tesla CEO Elon Musk as he looks to take the company private.

JPMorgan undercuts discount brokerages on trades

JPMorgan Chase & Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week.

Senate panel votes to advance Trump pick to head consumer watchdog

The U.S. Senate Banking Committee voted on Thursday to advance President Donald Trump's pick to head the federal consumer watchdog despite criticism from Democratic senators.

Column: Idea of payroll deductions to meet emergency needs gains steam in U.S.

(The opinions expressed here are those of the author, a columnist for Reuters)

Foreigners cool on U.S. Treasuries as supply heats up

Foreign investors are showing signs of fatigue in absorbing the supply of Treasuries that is growing due to the U.S. government's ballooning budget gap, posing a risk that bond yields will eventually spike.

Wary U.S. fund investors tiptoe into stocks in latest week: ICI

U.S. fund investors crept into stocks as emerging market sentiment deteriorated, betting on a resolution of discord over Turkey and emerging markets, Investment Company Institute (ICI) data for the latest week showed on Wednesday.

When it comes to financial aid, a college job can backfire

CHICAGO - Elissa Schimmel does not want to finish college buried in debt, and she worries her parents already are spending too much to help her older brother pay for college.

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