Bhinneka News Online: Reuters Money: April 24, 2017

Monday, 24 April 2017

Reuters Money: April 24, 2017

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Monday, April 24, 2017

Investors not yet ruffled by looming government shutdown

NEW YORK (Reuters) - U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle.

Prudential's Peters says risk-reward for junk bonds 'not favorable'

NEW YORK (Reuters) - PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not favorable."

U.S. fund investors taper Euro stock buying ahead of French vote

NEW YORK (Reuters) - Investors stocked up on safe-haven U.S.-based gold and bond funds ahead of France's closely watched presidential election, while trimming purchases of European stock funds, Lipper data showed on Thursday.

U.S. Social Security reform: the clock is ticking

CHICAGO (Reuters) - Can you count on your Social Security benefits when retirement rolls around?

New ETF invests in industry close to home: ETFs themselves

NEW YORK (Reuters) - Exchange-traded funds have proliferated in niches ranging from cyber security to solar power and even marijuana. On Thursday, a new index fund launched that will let investors chase the growth potential of ETFs themselves.

If Le Pen pulls off upset, French bank funding, and euro project, at risk: James Saft

(Reuters) - An unlikely Marine Le Pen victory in French presidential elections could set off a bank funding crisis that would have more power to torpedo the euro project than she might posses once in office.

Bubble-spotting, like genius parenting, is rare

(Reuters) - "Is this market a bubble?" and "Is my kid a genius?" are two questions which are asked far more often, and with less profit, than they should.

Wealthfront branches out into loans in new competitive push

NEW YORK (Reuters) - Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending.

Bank of America's wealth revenue rises on assets under management, fees

NEW YORK (Reuters) - Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday.

Grapes fed Mathilde Thomas' inspiration for skin care company

NEW YORK (Reuters) - Chance encounters can lead to entirely new career paths. Just ask Mathilde Thomas, who co-founded the Caudalie luxury skin care and spa company after meeting a doctor in 1993 at her family vineyard in the French city of Bordeaux.