Your Money: Millennials should shrug off annuities for now

NEW YORK (Reuters) - The days of guaranteed pensions from work are long gone, but can annuities make up the difference for millennials? U.S. one dollar bills blow in this...

Father Figures: Dad’s best financial advice

NEW YORK (Reuters) - Fathers pass down many things to their kids, but not just genetic traits like eye color or hairlines. FILE PHOTO: Actor Rob Riggle attends the world premiere...

Hedge fund Third Point calls on Sony to spin off semiconductor unit

(Reuters) - Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other...

Seeking shelter from trade war, fund managers bet on China’s consumers

SYDNEY/HONG KONG (Reuters) - China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as...

Australian regulator slaps stricter conditions on AMP’s pension funds, shares fall

SYDNEY (Reuters) - Australia’s banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd’s pension fund units following concerns regarding its compliance with superannuation laws, sending its...

U.S. recession odds rise to 40-45% in six months: DoubleLine’s Gundlach

(Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to...

Risk appetite emerges as U.S.-based equity funds attract $4.4 billion

(Reuters) - U.S.-based equity funds attracted $4.4 billion of inflows in the week ended Wednesday, following two consecutive weeks of cash outflows totaling $34 billion, according to Refinitiv’s Lipper, as the...

Burnout Nation: How companies are de-stressing workforces

NEW YORK (Reuters) - No matter who you are or what you do, let me take a wild guess: You feel a little burned out right now. FILE PHOTO: A trader...

Morgan Stanley wants majority stake in Chinese joint venture: CEO

FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committee hearing on "Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10...

Jeffrey Gundlach’s DoubleLine to launch Income Fund: SEC filings

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid(Reuters) - DoubleLine Capital, run by widely...

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Wall St. climbs as oil jumps after Gulf tanker attacks

NEW YORK (Reuters) - U.S. stocks rose on Thursday after two days of declines, as energy shares rebounded with oil on concerns of a...