Monday, 2 April 2018

Your money: Game theory for your financial life

Your money: Game theory for your financial life

NEW YORK (Reuters) - The term "game theory" probably makes you think of really hard math - the kind pioneered by U.S. mathematician John Nash, the troubled genius who inspired the Oscar-winning film "A Beautiful Mind."

Tesla shares fall again ahead of Model 3 production numbers

Shares of Tesla Inc fell almost 5 percent on Monday ahead of the electric car maker's announcement of quarterly production numbers for its crucial Model 3 sedan.

China hammers U.S. goods with tariffs as 'sparks' of trade war fly

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to U.S. duties on imports of aluminum and steel.

Saks, Lord & Taylor hit by payment card data breach

Retailer Hudson's Bay Co on Sunday disclosed that it was the victim of a security breach that compromised data on payment cards used at Saks and Lord & Taylor stores in North America.

Global funds cut stock exposure to four-month low amid trade war fears

LONDON (Reuters) - Spooked by brewing trade tensions and a broad reversal in technology shares, global investors have cut their equity exposure to a four-month low this month while reducing their holdings of U.S. stocks to the lowest in nearly two years.

U.S. funds recommend switching cash into bonds in March: Reuters poll

BENGALURU (Reuters) - U.S. fund managers switched recommended global portfolios slightly more in favor of bonds in March, in part on concerns trade barriers between the world's two biggest economies may escalate to a broader trade war, a Reuters poll found.

Shrinking junk bond issuance keeps U.S. high-yield prices afloat

NEW YORK (Reuters) - The junk bond rally may be over, but investors should not expect a sharp unraveling.

Bank of America to add Merrill Edge offices, advisers

(Reuters) - Bank of America Corp said on Thursday it will grow its wealth management offering for mainstream investors by opening 600 new Merrill Edge centers and adding 300 new brokers in the next two years.

European funds buy bonds, see euro growth cycle peak: Reuters poll

LONDON (Reuters) - European investors have raised their bond allocations in March while keeping their equity exposure at six-month lows, in a month marked by a sharp tech sector selloff and brewing trade tensions that threatened to dent world economic growth.

UK remain cautious on equities, favour emerging markets: Reuters poll

LONDON (Reuters) - British investors rattled by global trade tensions are holding equity exposure near four-month lows, a Reuters poll showed on Thursday, though they see emerging market assets as benefiting from dollar weakness.

FANG stocks' bite has U.S. fund managers looking for alternatives

NEW YORK (Reuters) - Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries.

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