Reuters Money: June 23, 2017

Click to View in Browser Friday, June 23, 2017 Biggest U.S. banks clear first hurdle in Fed's annual stress tests WASHINGTON/NEW YORK (Reuters) - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Column: Big Social Security COLA will be offset by Medicare premiums CHICAGO (Reuters) - Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don't break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. U.S. stock fund flows decline week after one of biggest inflows of 2017 NEW YORK (Reuters) - Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday. 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. 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. Sweet success: life lessons with candy megastore owner Dylan Lauren NEW YORK (Reuters) - Children of the rich and famous have a reputation for being spoiled brats who do not know the value of a dollar. Related News S&P, Nasdaq open flat; Dow slightly lower Toshiba willing to talk with spurned Western Digital about chip unit sale A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook