Reuters Money: July 4, 2017

Click to View in Browser Tuesday, July 4, 2017 Guggenheim's Minerd says Fed will not move as quickly as many think NEW YORK (Reuters) - The U.S. Federal Reserve is unlikely to raise interest rates for a third time until later this year, as parts of the economy remain sluggish, Guggenheim Partners Global Chief Investment Officer Scott Minerd said on Monday. Wall Street banks take on summer school: Investing 101 for rich kids NEW YORK (Reuters) - "Time for a prenup?" is not a typical title for a summer school course, but it was one of the most popular at an event Morgan Stanley held last week for the millennial-generation children of its richest clients. UBS rejigs structure for European, emerging market wealth management ZURICH (Reuters) - Swiss bank UBS is further reorganizing its wealth management businesses in European and emerging markets to simplify its structure, according to a memo seen by Reuters on Monday. Two top 'quant' researchers exit BlackRock as it revamps stock unit NEW YORK (Reuters) - Two high-level quantitative researchers have left BlackRock Inc as the world's largest asset manager embarks on an ambitious effort to engineer a high-tech revolution within its stockpicking business. 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. 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. Related News Shares, oil stumble after flying start to second half Oil eases on U.S. holiday after eight days of gains 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