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Reuters Money

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

Reuters Money

Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

Wed, Oct 18, 2017

BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if... ...

Kenneth Chenault to step down as AmEx CEO after nearly 17 years

Wed, Oct 18, 2017

(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by... ...

New ETF has robots pick investments

Wed, Oct 18, 2017

The AI Powered Equity Exchange-Traded Fund , which launched in the United States on Wednesday, will use IBM Corp's Watson artificial intelligence technology to pick several dozen stocks with... ...

ADP is already making changes Ackman wants: CEO

Wed, Oct 18, 2017

NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive... ...

Lofty Align Tech shares may rise more on U.S. tax cut, index inclusion

Wed, Oct 18, 2017

NEW YORK (Reuters) - Prospects for steep U.S. tax cuts are raising the ceiling for already-frothy shares of Wall Street-favorite Align Technology Inc even as patents expire for some of the technology... ...

Fund investors wary of greed amid U.S. stock rally

Wed, Oct 18, 2017

NEW YORK (Reuters) - U.S. fund investors stockpiled more cash abroad and in bonds during the latest week, Investment Company Institute data showed on Wednesday, resisting the temptation to chase... ...

Deductibles hold the key to the best health plan picks

Wed, Oct 18, 2017

NEW YORK (Reuters) - As you pick health insurance during open enrollment at work this fall, you will probably be spared the painful premium increases that shocked American families earlier this... ...

Q&A: Jewel learned her life lessons from nature, books and pain

Tue, Oct 17, 2017

NEW YORK (Reuters) - Jewel's rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless - and then not only... ...

George Soros foundations now control $18 billion: reports

Tue, Oct 17, 2017

NEW YORK (Reuters) - Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic... ...

Ackman, ADP board nominees to discuss plans for company Thursday

Tue, Oct 17, 2017

(Reuters) - Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead... ...