Money Headlines
White House accuses Republicans of 'fishing expeditions'
WASHINGTON - The White House on Sunday accused Republicans of conducting political "fishing expeditions," while Republican lawmakers showed no let up in attacking President Barack Obama's administration for a culture of what they called cover-up and "intimidation."
Fri, May 17 2013
How to see the world and 'arbitrage' your retirement
NEW YORK - In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.
Every cent helps: euro zone explores scrapping smallest coins
BRUSSELS - Saving pocket change may not end the euro zone crisis, but the European Commission hopes that scrapping the smallest coins could help penny-pinching governments cut costs.
Hedge funds selling gold after propping market a month ago
NEW YORK - Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in its price.
High-yield bond funds see lower demand after record rally
NEW YORK - Investors worldwide cut back on commitments to high-yield "junk" bond funds in the latest week, giving just $100 million to the funds globally after committing over $1 billion the prior week, according to Bank of America Merrill Lynch.
Tightness returns to the LME lead market: Andy Home
LONDON - Cash-date tightness has returned to the London Metal Exchange (LME) lead market.
Column: Business Development Companies - High yield, high risk
CHICAGO - In a frantic search for yields, investors often turn toward relatively unknown products. Business Development Companies (BDCs) are one of latest vehicles to grab investor attention - and money.
Thu, May 16 2013
Column: QE and the portfolio puzzle - James Saft
- Quantitative easing may well be pushing investors to hold more cash rather than risk assets, blunting its impact as monetary policy.
Fri, May 17 2013
Lower income shoppers still feeling pinched, U.S. retailers say
NEW YORK/CHICAGO - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc.
Thu, May 16 2013
Evidence mounts on slower U.S. economic growth
WASHINGTON - The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites.
McCain, Biden coming together for Sedona, Arizona forum
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
