Bridgewater's Dalio says Trump's populist policies could hurt world economy

(Reuters) - Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates LP, said he is increasingly concerned about the Trump administration's "populist" policies that could hurt the...

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Bank of America to disclose client brokerage fees more clearly

(Reuters) - Bank of America Corp will more clearly disclose the fees it charges clients of its Merrill Lynch wealth management business, according to a statement from bank spokeswoman Susan McCabe.

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Trading on loyalty, exchange seeks rewards from points programs

NEW YORK (Reuters) - Those loyalty points are worth more than you think.

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BlackRock U.S. ETF business tops $1 trillion in assets for first time

(Reuters) - BlackRock Inc's exchange-traded fund unit, iShares, topped $1 trillion in assets in the United States for the first time, a spokeswoman said on Tuesday.

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As Trump thunders, investors watch for rain

BOSTON (Reuters) - A dizzying stream of market-moving tweets and policy talk by President Donald Trump is finding a hopeful but anxious audience among professional investors looking to make...

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Gold becomes one of investors' favorite safe haven with Trump uncertainty

NEW YORK (Reuters) - Some of Wall Street's largest fund managers have taken a contrarian bet on gold, wagering that U.S. President Donald Trump's governing style and upcoming elections in Europe will...

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Polish fans buy Tom Hanks iconic 'toddler' car

WARSAW (Reuters) - Residents of a city in southern Poland have bought U.S. Oscar-winning actor Tom Hanks an iconic communist era "toddler" car after he shared a photograph of himself with the automobile on social media last year.

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TV's DeGeneres uses 'Finding Dory' to take dig at Trump immigration ban

(Reuters) - U.S. talk show host Ellen DeGeneres on Tuesday took a subtle dig at U.S. President Donald Trump's immigration ban by explaining the plot of her hit animated movie "Finding Dory."

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U.S. trade group calls for fund to back mortgage bonds

NEW YORK (Reuters) - Creation of a fund that provides a government guarantee on mortgage-backed securities would help promote competition in the U.S. housing finance market, the Mortgage Bankers...

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Warren Buffett: I bought $12 billion of stock after Trump won

(Reuters) - The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks.

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In nod to index funds, 'Agg' bond benchmark changing rules

NEW YORK (Reuters) - One of the most widely tracked market indexes is raising its admission standards, potentially offering relief to index-fund managers and pressuring bonds that failed to make the...

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U.S. funds recommend cutting equity allocations in January

(Reuters) - U.S. funds recommended trimming equity allocations in January as they wait for President Donald Trump to announce the infrastructure spending and tax cuts he promised during his election...

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Tourism in Slovenia boosted by Melania factor

LJUBLJANA (Reuters) - The Slovenian tourism industry has been boosted by the fact that

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Poland's Walesa collaborated with communist secret police: institute

WARSAW (Reuters) - Poland's government-affiliated history institute said on Tuesday it had new evidence that Lech Walesa, who led protests and strikes that shook communist rule in the 1980s, had been a secret police informant in the 1970s.

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Canada's Wealthsimple takes on crowded U.S. robo-adviser market

TORONTO (Reuters) - Wealthsimple, a Canadian-based robo-adviser startup, announced a C$20 million ($15.25 million) investment from Power Financial Corp, and formally launched in the United States on...

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Raymond James to roll out robo-adviser in 2017

NEW YORK (Reuters) - Raymond James Financial is rolling out a new digital platform with robo-adviser-like technology this year, the St. Petersburg, Florida-based firm said on Monday.

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Madoff trustee can pursue most claims in Merkin lawsuit

NEW YORK (Reuters) - A federal judge said the trustee liquidating Bernard Madoff's firm may pursue nearly all of his lawsuit to recoup hundreds of millions of dollars stemming from New York money...

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Catastrophe tests show capital risks to London insurers

LONDON (Reuters) - A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base,...

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Goldman CEO takes lead on Wall Street in slamming Trump travel ban

(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein became the first major Wall Street leader to speak out against President Donald Trump's order to halt arrivals from several...

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Jailed Libor trader Hayes launches fresh appeal against conviction

LONDON (Reuters) - Tom Hayes, the first person worldwide to be jailed for conspiring to manipulate Libor interest rates, on Monday night launched a last-ditch appeal against his conviction and...

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Hedge fund Raveneur Investment Group shutting down: sources

BOSTON (Reuters) - Raveneur Investment Group, the two-year old hedge fund originally backed by Blackstone Group, is shutting down, according to two people familiar with the situation.

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Former New York fund analyst convicted of insider trading

NEW YORK (Reuters) - A former analyst at Michael Dell's New York-based investment fund was convicted of insider trading on Monday, just a week after he was arrested for refusing to come to court to...

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U.S. inflation getting Trump lift: Wall Street strategist

NEW YORK (Reuters) - Long hibernating price inflation is taking center stage in America's economy, in part because President Trumps' anti-migrant policies are fueling already rising wages, a top Wall...

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Former U.S. President George H.W. Bush discharged from hospital

(Reuters) - Former U.S. President George H.W. Bush was discharged from a hospital in Houston on Monday after being treated for pneumonia, his spokesman said.

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Adult swaddling therapy fad hits Tokyo

TOKYO (Reuters) - Wrapped up from head to toe in a white bag and gently rocking from side to side, five Japanese mothers are hopeful Tokyo's latest health trend can cure their post-pregnancy aches and pains.

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U.S. lawmaker moves to scrap SEC's 'resource extraction' rule

WASHINGTON (Reuters) - A senior U.S. lawmaker unveiled a legislative plan on Monday to scrap a rule devised under the 2010 Dodd-Frank financial reform law requiring publicly-traded mining, oil and...

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Activist hedge fund urges Forest City to explore options

(Reuters) - Activist hedge fund Land and Buildings Investment Management LLC has urged real estate company Forest City Realty Trust Inc to explore "strategic options".

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Activist investor Voce threatens proxy war at Air Methods

(Reuters) - Activist hedge fund Voce Capital Management LLC on Monday threatened it would start a proxy war at Air Methods Corp, saying the U.S. medical helicopter company needed an urgent change of...

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Massachusetts orders LPL to pay $3.7 million in relief for older investors

BOSTON (Reuters) - Massachusetts' top securities regulator said on Monday he ordered LPL Financial Holdings Inc to offer about $2.5 million in restitution to older investors over the sale of...

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