Monday, 23 April 2018

U.S. fund managers brace for trade war with focus on pricing power

U.S. fund managers brace for trade war with focus on pricing power

NEW YORK (Reuters) - Investors' fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to their consumers.

Low profile hedge funds post high returns in year after New York Sohn conference

NEW YORK (Reuters) - One of the year's most popular events for fund managers, the Sohn Investment Conference, will be held in New York on Monday, but if history is any guide, some of the industry's lower-profile managers will probably provide the most profitable ideas. 

ANZ to book $484 million charge on wealth business sales

(Reuters) - Australia and New Zealand Banking Group (ANZ) said it would book a loss of A$632 million ($484 million) on the divestment of two of its wealth businesses last year, which will be reflected in its half-year results.

Wells Fargo agrees to pay $1 billion to settle customer abuses

(Reuters) - Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday.

Firearms companies widely held in ETFs and funds: research firm

BOSTON (Reuters) - An estimated 24 percent of the world's exchange-traded funds and 15 percent of mutual funds have holdings in firearms companies, researcher Sustainalytics said in a report on Thursday, levels it said might be "more pervasive than some investors realize."

Your money: Women who retire early can miss out

NEW YORK (Reuters) - Women have a math problem when it comes to retirement: On average, they retire two years earlier than men but they live five years longer.

Jane Rosenthal lives life on the Hollywood high wire

NEW YORK (Reuters) - Movie producers do not turn into household names as often as actors and directors, but Jane Rosenthal leapt to that level, and not just for her feature film projects.

BlackRock wants regulators to address unequal voting rights

BOSTON (Reuters) - BlackRock Inc on Thursday called on securities regulators to set international standards for shareholder voting rights, suggesting they resolve one of the thorniest debates in corporate governance.

Wall Street sees a win in proposed SEC investor protections

CHICAGO (Reuters) - The long-running fight to protect retirement savers from conflicted investing advice shifted to a new battleground this week, and the first salvo was not promising.

Goldman says jitters about U.S. yield inversion 'overblown'

NEW YORK (Reuters) - Goldman Sachs analysts said on Thursday concerns about a U.S. yield curve inversion among traders as an omen of a looming recession are "overblown," though an inversion is often followed by a 3 percent to 5 percent drop in the S&P 500.

Related Videos

Consumer staples stocks face headwinds, says Shawn Cruz

Tech, staples drag down Wall Street

Looking for more?

Visit our business section for more deals, markets, legal and finance news.

Read more