Bridgewater warns of peak U.S. profit margins, lower stock prices
(Reuters) - The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest hedge fund, said on Wednesday in a report.
Norway's wealth fund extends ownership of New York real estate
OSLO (Reuters) - Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
Starboard takes new position in KAR Auction Services
NEW YORK (Reuters) - Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday.
Corvex's Meister likes Diamondback Energy after it bought Energen
NEW YORK (Reuters) - Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund's top investment picks after the energy company bought a rival last year.
Short European stocks still 'most crowded trade,' BAML survey shows
LONDON (Reuters) - Short positioning on European equities was the "most crowded trade" for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found.
Meditate to the tax finish line
NEW YORK(Reuters) - Stressed out by the tax deadline on April 15?
Bank of America Merrill Lynch names new country executives for Japan, Australia: memo
HONG KONG (Reuters) - Bank of America Merrill Lynch appointed Joseph Fayyad and Tamao Sasada as country executives of Australia and Japan, respectively, an internal memo seen by Reuters said.
How to say the 'R-word': bank executives grapple with recession talk
NEW YORK (Reuters) - Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters.
Credit Suisse names Sommerhalder to lead Asia trading solutions business
HONG KONG (Reuters) - Credit Suisse Group AG on Thursday named veteran banker Yves-Alain Sommerhalder as head of its newly-created Asia Pacific trading solutions business, which seeks to use market expertise to sell products to wealth management clients.
Your Money: Cash is king with millennials, but delays adulting
NEW YORK (Reuters) - Cash is king with young people, but it is not helping them build a credit history or boost their credit scores.