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Reuters Money

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying

Wed, Apr 25, 2018

NEW YORK (Reuters) - Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to flatten the yield curve further. ...

Proxy adviser ISS backs call for gun safety report at Sturm Ruger

Wed, Apr 25, 2018

BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder resolution calling on Sturm Ruger & Co to report on gun safety. ...

Millennials turn to parents to navigate money milestones

Wed, Apr 25, 2018

April 25 (Reuters) - - Amanda Farris got an ATM card from her father when she was about 13. Her dad told her to treat it like cash and taught her how to tap her allowance and the money she made... ...

Credit Suisse delivers best quarter since Thiam's revamp

Wed, Apr 25, 2018

ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016,... ...

Global banks fear China will limit JV control through new rules

Wed, Apr 25, 2018

HONG KONG/SHANGHAI (Reuters) - Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about... ...

U.S.-based bond funds garnered new cash for ninth straight week: ICI

Wed, Apr 25, 2018

NEW YORK (Reuters) - U.S.-based bond funds attracted new cash in the week ended April 18, marking their ninth consecutive week of inflows, Investment Company Institute data showed on Wednesday, but... ...

DoubleLine's Gundlach says U.S. Treasuries 'not attractive'

Tue, Apr 24, 2018

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were "not attractive" even though the 10-year yield <US10YT=RR>, a... ...

Wells Fargo investors back leaders despite protests

Tue, Apr 24, 2018

DES MOINES, Iowa/NEW YORK (Reuters) - Wells Fargo & Co investors gave strong backing to the bank's directors and executives on Tuesday, indicating they are ready to give its revamped leadership time... ...

No love for U.S. bank stocks as Treasury yield hits four-year high

Tue, Apr 24, 2018

(Reuters) - Shares in the biggest U.S. banks, typically buoyed by rising interest rates, dipped Tuesday after the benchmark U.S. Treasury yield topped 3 percent for the first time in four years and... ...

High-profile investors bet on stocks tied to millennials: Sohn Conference

Tue, Apr 24, 2018

NEW YORK (Reuters) - Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday that they said should benefit from the growing clout of the... ...