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Reuters Money

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

Reuters Money

Keeping Tesla shares may not be an option for some big funds

Mon, Aug 13, 2018

Elon Musk wants to take Tesla Inc private, but some of his big investors may not be able to follow. ...

Major Tesla owner Fidelity trimmed stake last quarter: SEC filing

Mon, Aug 13, 2018

Major Tesla Inc shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the... ...

Citigroup shakes up consumer bank and card chief leaves

Mon, Aug 13, 2018

Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results. ...

Attention retirement savers: college 529 plans aren't just for kids

Mon, Aug 13, 2018

(This version of the August 9 story corrects name in paragraph 19 to Jamie Hopkins from Jeremy Hopkins) ...

U.S. teachers' union urges pensions to cut investment in private prisons

Fri, Aug 10, 2018

A labor union representing American teachers on Friday urged pension funds to cut their exposure to investment firms that have funneled millions of dollars into private prisons, saying the companies... ...

Third Point took new stake in NXP Seminconductors: filing

Fri, Aug 10, 2018

Billionaire investor Daniel Loeb's hedge fund made a string of new investments in the information technology sector, including buying 10.7 million shares of NXP Semiconductors NV, during the second... ...

Ackman's public hedge fund beats market with 12.7 percent gain: report

Thu, Aug 09, 2018

William Ackman's publicly traded hedge fund is outperforming the broader stock market this year, fueled by rising prices at Chipotle Mexican Grill and Automatic Data Processing Inc, the billionaire... ...

Rosy assumptions on retirement timing invite rude financial surprise

Thu, Aug 09, 2018

Working longer can boost the odds of a secure retirement - that is an article of faith in retirement planning circles these days. ...

YOUR MONEY: How to rebuild when divorce derails your retirement

Wed, Aug 08, 2018

Divorce crushed Dennis Nolte's retirement plans not once but twice. ...

Tesla buyout would add to year of pain for short-sellers

Tue, Aug 07, 2018

It would be the ultimate black eye for short sellers. ...