Your Money: Ways to ease social media's strain on your wallet

Click to View in Browser Friday, February 9, 2018 Your Money: Ways to ease social media's strain on your wallet NEW YORK (Reuters) - Jessica Jones, 26, jokes that when she wants to spend more money, she goes on Instagram. Former Credit Suisse 'star' gets five-year jail term for 'clever fraud' GENEVA (Reuters) - Former Credit Suisse client adviser Patrice Lescaudron was sentenced to five years imprisonment by a Geneva court on Friday for abusing the trust of clients and putting in place a fraudulent scheme that brought him tens of millions of francs. Mom-and-pop investors undeterred by wild U.S. stock market NEW YORK (Reuters) - As the U.S. stock market suffered its worst selloff in more than six years on Monday, Richmond, Virginia-based financial adviser Jamie Cox started preparing for a flood of client calls that never came. U.S. fund that lost most of its value shuts doors to new investment NEW YORK (Reuters) - A U.S. mutual fund that relied heavily on a strategy that profits from calm markets has shut its doors to new investment after losing more than four-fifths of its value in recent market turmoil, filings showed on Thursday. Credit Suisse kept $300 million from brokers in closed U.S. unit: lawsuit (Reuters) - A new lawsuit accuses Credit Suisse Group AG of withholding up to $300 million of pay from U.S.-based brokers who refused or were unable to move to Wells Fargo & Co after their private banking unit was shuttered in 2015. Plan ahead in your will for your virtual self NEW YORK (Reuters) - In the not-so-olden days of a few years ago, relatives might have sifted through stacks of documents to sort out your affairs after you died. These days, much of your presence in this world is floating around in the cloud: email, online drives, social media. Even your financial accounts are probably paperless at this point. Investors withdraw record $23.9 billion from U.S.-based stock funds: Lipper NEW YORK (Reuters) - U.S. fund investors sucked $23.9 billion out of the stock market during the latest week, marking the largest withdrawals from those funds on record, Lipper data showed on Thursday, as the benchmark S&P 500 and Dow Jones Industrials indexes sank further from their record highs. An investor's best friend? Israel Diamond Exchange launches digital coins RAMAT GAN, Israel (Reuters) - Israel's diamond exchange is turning to digital currencies to inject new life into a marketplace long ruled by cash and backroom handshakes, but it must first persuade traditionally conservative players that the technology can work. Gundlach: Market unwind will be 'turbulent,' not over in a few days NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the "low rate-low volatility" market environment went on for so long that now "the unwind will be turbulent and not over in a couple of days." Column: Why U.S. stock market dive points to good news for retirees CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters) Related Video Wall Street tumbles again as S&P, Dow confirm correction Wall Street ends down Related News Wall Street opens higher; Dow rises over 200 points Bitcoin may not be worth all the hoopla: N.Y. Fed blog post Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today 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 2018 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