Bhinneka News Online: Reuters Money: May 12, 2017

Friday, 12 May 2017

Reuters Money: May 12, 2017

Click to View in Browser

Friday, May 12, 2017

Mutual funds lose, short-sellers win on Snap trades

NEW YORK/BOSTON (Reuters) - The dramatic fall in Snap Inc shares on Thursday following the company's disappointing first quarterly earnings report as a public company was likely costly for a wide range of mutual funds, including Fidelity's giant Contrafund.

Column: U.S. states want to give a gentle push on retirement saving

CHICAGO (Reuters) - How to get people to save for retirement? There are two schools of thought: cajole and educate, or give people a little push in the right direction.

European stock funds in U.S. attract near-record cash: Lipper

NEW YORK (Reuters) - Investors stampeded into U.S.-based stock funds that invest in Europe, plowing the second-largest amount on record into those products and the most in two years, Lipper data showed on Thursday.

Bank of America's Merrill Lynch to debut fiduciary-friendly account option

NEW YORK (Reuters) - Bank of America Corp's brokerage, Merrill Lynch, said on Thursday it will roll out a commissions-paying retirement account compatible with a new U.S. Labor Department regulation that raises the standards for client care.

Ackman has a winner that is up 30 percent but will not name names

BOSTON (Reuters) - Billionaire investor William Ackman is making money on one of his new investment ideas, but he declined on Wednesday to identify the portfolio company, which has gained 30 percent since he first bought it.

DoubleLine's Gundlach: European, EM equities more attractive than U.S.

NEW YORK (Reuters) - European and emerging markets equities are more attractive than U.S. equities, and volatility in stock markets is "insanely low," influential investor and head of DoubleLine Capital Jeffrey Gundlach told Reuters on Wednesday.

If Trump erodes democracy, stocks will suffer: James Saft

(Reuters) - Donald Trump's firing of FBI Director James Comey caused barely a ripple on the glassy surface of equity markets, but more than 100 years of market and social data show that might be a mistake.

Aetna fully exits Obamacare exchanges with pull-out in two states

(Reuters) - Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska - the two remaining states where it offered the plans.

Your Money: Leveraging your home for a European vacation

NEW YORK (Reuters) - Spending half the year in the French countryside seems like a luxurious goal, but Deborah Jacobs, author of "Four Seasons in a Day," figured out a way to make it happen.

Buffett's fledgling biBERK pursues online insurance 'experiment'

OMAHA, Neb. (Reuters) - It has been decades since anyone thought of Warren Buffett's Berkshire Hathaway Inc , or even its insurance operations, as "very, very small."