Thursday, 14 March 2019

U.S. stock funds lose inflows as stock rally continues

Reuters.com Newsletter

U.S. stock funds lose inflows as stock rally continues

U.S. investors ended their longest buying streak since October by pulling money out of domestic stock mutual fund and exchange-traded funds last week on global concerns about economic growth in Europe, according to Investment Company Institute data released on Wednesday.

Your Money: Pay yourself first? Last is how small biz often works

Everyone knows the Golden Rule of business is to pay yourself first. But more than half of small business owners are going months without pay - if they are taking any at all.

Worst start to year for equity flows since 2008: BAML

A $10 billion wipeout over the last week has compounded the worst start to a year for equity flows since 2008, Bank of America Merrill Lynch strategists said on Friday.

Wealthy millennials boosting the art market

The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday.

JPMorgan backs away from private prison finance

JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies.

BB&T agrees to return funds to investors to settle SEC charges

The top U.S. securities regulator said on Tuesday that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it acquired misled clients about the cost of advisory services.

BlackRock makes case to own more U.S. TIPS

BlackRock, the world's biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising short-term interest rates in the coming months.

To save time and money, companies roll out caregiving benefits

When Laura Hirsch of Keller Texas had to find a rehabilitation center to help her father recover from a difficult surgery in September, the caregiving service Cariloop saved her a whole day.

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