Bhinneka News Online: Reuters Money: April 5, 2017

Wednesday, 5 April 2017

Reuters Money: April 5, 2017

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Wednesday, April 5, 2017

DoubleLine's Gundlach says no risk of U.S. junk bond 'meltdown'

NEW YORK (Reuters) - There is no risk of a high-yield junk bond "meltdown" because the risk of a recession is low, Jeffrey Gundlach, chief executive of DoubleLine Capital, said on a client webcast on Tuesday.

Your Money: What to do with your dormant Health Savings Account

NEW YORK (Reuters) - A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose actually lose it.

Glass Lewis asks Wells Fargo investors to vote against six directors

(Reuters) - Proxy adviser Glass Lewis on Tuesday recommended that Wells Fargo & Co shareholders vote against six directors at an upcoming annual meeting, in protest of improper sales practices in its retail bank.

Pimco regains title of managing biggest active bond fund

NEW YORK (Reuters) - Pacific Investment Management Co regained its perch as the manager behind the world's largest actively managed bond fund, data from the asset manager showed on Tuesday.

Government orders Wells Fargo to reinstate whistleblower

(Reuters) - The federal government has ordered Wells Fargo to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank.

Q&A: Poker champ Annie Duke translates card skills to everyday life

NEW YORK (Reuters) - You may think high-stakes poker has little in common with your life and career. Annie Duke thinks you would be wrong.

Your Money: Drinking and shopping brews up a nasty cocktail

NEW YORK(Reuters) - Honesty time: What is your most embarrassing drunk purchase?

U.S. March auto sales indicate long boom cycle may be waning

DETROIT (Reuters) - Major U.S. automakers' sales figures for March came in below market expectations and gave early evidence that America's long, robust boom cycle for car sales may finally be losing steam.

AIG morale could spook talent, curb turnaround plan: UBS report

(Reuters) - A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on Monday.

U.S. muni supply falls in first quarter, Citigroup is top underwriter

(Reuters) - The sale of debt by states, cities, schools and other issuers in the U.S. municipal bond market totaled $86.5 billion in 2017's first quarter, a drop of 9.5 percent from the same period in 2016, according to Thomson Reuters data on Monday.