Reuters Money: August 2, 2017

Click to View in Browser Wednesday, August 2, 2017 Democrats want to grill Wells Fargo executives about auto insurance WASHINGTON (Reuters) - Democratic lawmakers pushed on Tuesday for another chance to question Wells Fargo & Co's leadership about sales practices after the scandal-hit bank said it forced auto insurance on borrowers who did not need it. Investor Einhorn sees cash burn at Tesla, sticks with short bet BOSTON (Reuters) - Billionaire investor David Einhorn, who has been hurt by his bet against Tesla Inc, said on Tuesday that the electric car maker is over-valued and that the company is not adequately capitalized. Your Money: How college fast-trackers save time and money NEW YORK (Reuters) - For most students, getting their college bachelor's degree takes four years. For some, five. Rockefeller Foundation backs nonprofit ETF startup NEW YORK (Reuters) - The Rockefeller Foundation is helping to finance a startup hoping to build exchange-traded funds for nonprofit organizations and direct the profits back to their causes, officials from the group said with a plan to announce the initiative later on Tuesday. Lack of value fund interest could be another bad omen for Chipotle NEW YORK (Reuters) - More well-publicized incidents at Chipotle Mexican Grill Inc restaurants have pushed the shares down 26 percent over the last three months, but the burrito chain is facing a more subtle threat that could weigh on the stock: it is losing favor with growth fund managers and yet remains too expensive to attract value-oriented funds in their place. Jana Partners fund up 0.3 percent in July, up 6.1 percent for year-update BOSTON (Reuters) - Jana Partners the activist hedge fund that pushed for change at natural grocer Whole Foods Market Inc. this year posted a tiny performance gain in July, leaving the fund up 6.1 percent for the first seven months of 2017. Rolling dice in a speculative mania: James Saft (Reuters) - Financial markets are in the grip of something very like a speculative mania, which may well be good reason not to expect a crash soon. Einhorn's Greenlight Capital gains 2.1 percent in July: source (Reuters) - Hedge fund manager David Einhorn posted gains in July which helped shrink his firm's year to date losses to 0.2 percent, a person who has seen the performance update said on Monday. Investors stick with macro funds, hope for volatility comeback LONDON (Reuters) - Lack of volatility in financial markets that has hit 'macro' hedge funds in the first half of the year has not stopped some investors from betting that things could get bumpier in the second half. Senator Warren calls on Fed to remove Wells Fargo board members WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance. Related News Apple rally looks set to power Dow beyond 22,000 Tech stocks bask in Apple glow, Dow eyeing 22,000 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