 | | | | Global funds recommended a bigger safety buffer in February, with cash holdings raised to their highest in more than three years and equity allocations cut to the lowest in nearly two, a Reuters poll showed on Thursday. | | | | | | Greetings from Illinois, a state that never tops the rankings of places to retire. We have one of the great American cities, but also polar vortexes and an enormous state budget deficit - and now there is renewed talk about taxing retirement income to help close the gap. | | | | | | The founder of a Nevada-based company was arrested on Wednesday on federal charges he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big Coin that he claimed was backed by gold. | | | | | | Wells Fargo & Co said on Wednesday that it entered preliminary settlement discussions with the U.S. Department of Justice and the Securities and Exchange Commission over previously disclosed probes into its sales practices. | | | | | | Jonathan Kellner, former chief executive officer of brokerage Instinet, was on Wednesday named CEO of the Members Exchange, a new low-cost electronic bourse being built by a group of financial heavyweights to challenge the New York Stock Exchange and Nasdaq. | | | | | | Jeffrey Ubben's ValueAct Spring Fund, which invests in companies aiming to address environmental and social problems, is making a bet on an academic-turned-hedge-fund-manager who picks stocks based on how effective companies are as employers. | | | | | | Revenues at the world's largest investment banks slumped to their lowest level for eight years in the second half of 2018, spoiling an otherwise improved year after a tough decade since the financial crisis. | | | | | | U.S. President Donald Trump's decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the trade war between the world's two largest economies. | | | | | |
