Reuters Money: July 3, 2017

Click to View in Browser Monday, July 3, 2017 Big U.S. banks pack results into one day, overwhelming analysts (Reuters) - For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry. U.S. fund managers seek consumer stocks that Amazon can't conquer NEW YORK (Reuters) - Amazon.com Inc's game-changing move to upend the grocery business with a surprise deal to buy Whole Foods Market Inc compounds a problem already vexing fund managers: how to play U.S. consumer spending when the Seattle-based e-commerce giant is threatening to take over retail. Renaissance draws billions in new cash as love for quants blooms BOSTON (Reuters) - As hedge fund investors have been choosing computers over star stock-pickers, putting ever more money into "quant" funds, one firm has become the undisputed leader in attracting assets. Wells Fargo unit hires new head of U.S. portfolio solutions (Reuters) - Wells Fargo Asset Management named Jonathan Hobbs as head of U.S. portfolio solutions and Kevin Kneafsey as a senior investment strategist with the multi-asset client solutions group. U.S. SEC to allow firms to file confidential draft statements before IPOs (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it was expanding the Jumpstart Our Business Startups (JOBS) Act, by allowing all public companies to file confidentially prior to initial public offerings, in a move designed to revitalize the IPO market. Senate health bill would decimate long-term care coverage CHICAGO (Reuters) - When Americans think about retirement planning, long-term care usually is a major blind spot - few of us want to contemplate the possibility of infirmity and dependency in old age. But we would do well to think about it now, as the Senate Republicans take a holiday weekend pause in their push to dismantle the Affordable Care Act. In New York, France promises English-law contracts after Brexit NEW YORK (Reuters) - France will set up a special court to handle English-law cases for financial contracts after Britain leaves the European Union, Finance Minister Bruno Le Maire said on Thursday as Paris steps up its charm offensive to attract banks. Chatty billionaire Ackman grabs bigger megaphone with Twitter account BOSTON (Reuters) - Billionaire investor William Ackman, one of the hedge fund industry's most voluble managers with opinions ranging from how companies should be run to the dangers of sugary drinks, just got himself an even bigger megaphone: a Twitter account. Goldman heads list of top AsiaPac equity deal underwriters in first half HONG KONG (Reuters) - Asia-Pacific equity capital markets (ECM) activity firmed 7 percent in the first half of 2017, as a sharp increase in IPOs offset a decline in the sale of existing shares, preliminary Thomson Reuters data showed. HQ Capital names Jeremy Katz co-head of its real estate group (Reuters) - Independent investment management firm HQ Capital named Jeremy Katz as a co-head of its real estate group. Related News Wall Street higher as banks lead broad rally Tesla's Musk says Model 3 gets regulatory nod for production 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