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Reuters Money

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

Reuters Money

Your Money: Sharing family getaways without any cottage conflicts

Wed, Jun 28, 2017

NEW YORK(Reuters) - Picture it: 40 picturesque acres nestled in Wisconsin lake country. ...

U.S. housing stocks may rally as millennials age: Smead

Wed, Jun 28, 2017

NEW YORK (Reuters) - Stocks of large U.S. home builders and building materials companies are poised to rise as millennials age and need housing, according to Bill Smead, the chief executive of Smead... ...

Neuberger Berman's Dyal buys minority stake in hedge fund Atalaya

Wed, Jun 28, 2017

BOSTON (Reuters) - Dyal Capital Partners, the Neuberger Berman Group unit that buys minority stakes in hedge and private equity fund firms, has bought a piece of private credit and special... ...

Your Money: How many college savings buckets do you need?

Wed, Jun 28, 2017

NEW YORK (Reuters) - Like many financially savvy parents, Jim Stehr started a college savings account for his son at birth. When Stehr's second and third children came along, he opened accounts for... ...

California moves forward on letting customers sue banks, inspired by Wells Fargo

Tue, Jun 27, 2017

WASHINGTON (Reuters) - California took another step on Tuesday toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in... ...

Hedge fund executive Scaramucci lands post at Export-Import Bank: source

Tue, Jun 27, 2017

BOSTON (Reuters) - Hedge fund industry executive Anthony Scaramucci, an advisor to U.S. President Donald Trump, has been named chief strategy officer of the U.S. Export-Import Bank, a source familiar... ...

World's first ATM machine turns to gold on 50th birthday

Tue, Jun 27, 2017

LONDON (Reuters) - Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary. ...

Bitcoin exchange operator tied to hacks gets five-and-a-half years U.S. prison

Tue, Jun 27, 2017

NEW YORK (Reuters) - A Florida man was sentenced on Tuesday to 5-1/2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and... ...

MacNaughton to join UBS as head of HY trading

Tue, Jun 27, 2017

NEW YORK (Reuters) - Robert MacNaughton is joining UBS as managing director and head of high-yield trading, according to a source familiar with the matter. ...

A&M adds new senior director to disputes and investigations unit

Tue, Jun 27, 2017

(Reuters) - Professional services firm Alvarez & Marsal named Candus Hinderer as senior director of the company's disputes and investigations practice. ...