Bhinneka News Online: Reuters Money: June 22, 2017

Thursday, 22 June 2017

Reuters Money: June 22, 2017

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Thursday, June 22, 2017

Low U.S. inflation? It's your phone: BlackRock bond manager

NEW YORK (Reuters) - Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday.

As psychopath CEOs destroy value, nice ones create it: James Saft

(Reuters) - Some enterprising manager ought to look into a Long Nice CEOs/Short Jerks hedge fund.

Gundlach says flatter Treasury yield curve could become a concern

NEW YORK (Reuters) - The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday.

U.S. stock market gets relief from strong fund flows: trade group

NEW YORK (Reuters) - U.S. stock fund flows rebounded in the latest week, providing succor to markets after multibillion dollar withdrawals in the prior week, data from trade group Investment Company Institute (ICI) showed on Wednesday.

After MSCI verdict, still long wait for China's full entry to global indexes

HONG KONG (Reuters) - MSCI's decision to add Chinese shares to a key benchmark is a major milestone, but investors say it will be a long and rocky road ahead before the might of the world's second-largest economy is fully reflected in global indexes.

Stifel appoints three financial advisers at its broker-dealer unit

(Reuters) - Stifel Financial Corp said on Wednesday three financial advisers joined the private client group of its broker-dealer subsidiary, Stifel, Nicolaus & Co Inc.

Your Money: Will you still be paying off your summer vacation in 2018?

NEW YORK (Reuters) - Your summer vacation better be worth it because, chances are, you are still going to be paying it off next year.

Russekoff's hedge fund Smith Cove hires ex-Perry exec Gulati

BOSTON (Reuters) - Hedge fund manager David Russekoff has hired Chetan Gulati, a former colleague from Perry Capital, to beef up the investment team at his newly formed firm Smith Cove Capital.