Bhinneka News Online: U.S. wage growth, tax-bonuses spark shopping in retail stocks

Friday, 26 January 2018

U.S. wage growth, tax-bonuses spark shopping in retail stocks

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Friday, January 26, 2018

U.S. wage growth, tax-bonuses spark shopping in retail stocks

NEW YORK (Reuters) - U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers who have struggled to remain relevant in the age of Amazon.

Goldman, Barclays, SocGen interested in Commerzbank unit: Handelsblatt

(Reuters) - Wall Street investment bank Goldman Sachs Group Inc, Britain's Barclays Plc and French lender Societe Generale SA are interested in buying the Equities, Markets and Commodities (EMC) division of Germany's Commerzbank AG, Handelsblatt reported on Thursday.

Ackman made new bet on Nike, Namvar to transition to advisory board

NEW YORK (Reuters) - Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nike last year that has already earned his portfolio a roughly 30 percent return.

Social Security online accounts: safe from identity theft?

CHICAGO (Reuters) - More than 34 million Americans now conduct business with the Social Security Administration (SSA) online - and with that shift comes an increased risk of identity theft.

Exclusive: Commodities fund Jamison Capital to shut - source

NEW YORK/LONDON (Reuters) - Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an investor letter.

Soothe the financial bite of a 'bad' dog

NEW YORK(Reuters) - Try to imagine the "world's worst dog," and you probably think of the incorrigible Marley, from John Grogan's bestselling book and big-screen adaptation "Marley & Me."

GLMX reboots high-tech platform in post-crisis repo environment

NEW YORK (Reuters) - GLMX has raised $20 million in financing and updated its high-tech platform for trading repurchase agreements and secured lending to help clients comply with new regulatory reporting requirements, the company said on Thursday.

E*Trade to acquire 1 million retail brokerage accounts from Capital One

NEW YORK (Reuters) - E*Trade Financial Corp will acquire 1 million retail brokerage accounts with around $18 billion of clients' assets from Capital One Financial, it said on Thursday.

U.S. tech stock funds attract most cash since 2000: Lipper

NEW YORK (Reuters) - U.S. technology stock funds took in more cash in the week ended Jan. 24 than in any week since the turn-of-the-century bubble, Lipper said on Thursday, offering further evidence that investors' wariness about markets has given way to exuberance.

Column: Using 529 funds to pay for private school? Check new rules

CHICAGO (Reuters) - Uncle Sam has given families the green light to use $10,000 per child each year to pay for private schools out of 529 savings plans, but parents cannot count on states to give them the same tax break.