A higher Social Security retirement age comes with risks for many workers
CHICAGO (Reuters) - Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program.
Standard Chartered axes over 200 jobs in India: source
(Reuters) - Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday.
U.S. fund investors compound pain for bond markets
NEW YORK (Reuters) - U.S. fund investors sold more bonds in December's opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments borrow.
DoubleLine's Gundlach says S&P 500 likely to go below February 2018 lows
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows.
Struggling hedge funds cling to dollar, U.S. yield curve bets: McGeever
LONDON (Reuters) - Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger dollar.
Wells Fargo won't be allowed to grow unless problems fixed: Fed's Powell
WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co
must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve.
In a tight labor market, companies bet big on five-year rewards
NEW YORK (Reuters) - In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company.
Investors flee bonds and stocks in turbulent week for growth and trade
LONDON (Reuters) - Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of America Merrill Lynch said on Friday.
Medicare Advantage plans get unfair push from U.S. government: critics
CHICAGO (Reuters) - Insurance companies do not need any help marketing Medicare Advantage plans - just ask anyone over age 65 about the pitches that clog their mailboxes every year during the fall enrollment period, or check out the television ads that flood cable channels.
BlackRock's Rieder buying longer-term bonds as Fed pause seems likely
NEW YORK (Reuters) - BlackRock Inc's
Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this week.