LONDON U.S. large cap stocks attracted their biggest inflows since April in the week Wednesday to Wednesday, Bank of America Merril Lynch (BAML) data showed on Friday, as investors eyed progress on long-awaited U.S. tax cuts.
NEW YORK Investors pulled $16.2 billion from U.S.-based equity funds during the latest week, according to Lipper on Thursday, marking the largest withdrawals since December 2016.
NEW YORK The surprise victory by Democrats in Tuesday's Alabama election for a U.S. senator is prompting fund managers to prepare for more losses by the Republican party in the 2018 mid-term Congressional elections.
NEW YORK U.S. fund investors dashed into domestic stocks, pouring the most cash in seven weeks into the market, according to Investment Company Institute (ICI) data on Wednesday.
If you wondered why 18-year old twitterati and seasoned speculative traders alike have bet on bitcoin's surge toward $20,000 this week, look no further than the comparison with the past year's new stock exchange floatations.
Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday.
DALLAS (Reuters Breakingviews) - Bart Chilton wants to marry digital dreams with regulated reality. The former commissioner of the U.S. Commodity Futures Trading Commission is teaming with a group including a former TPG executive to launch a crypto-currency backed by oil. His promise of stable value sits oddly against bitcoin’s wild ride. While the vehicle offers a tax edge over oil-backed exchange-traded funds, it’s hard to imagine this coin existing if not for the wider craze.
NEW YORK U.S.-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors' appetite for low-cost exposure to record-high stock markets.
NEW YORK Influential bond investor Bill Gross of Janus Henderson Investors warned Thursday the Federal Reserve should be "more cautious and easier" in its interest-rate hiking campaign, given the enormous exposure investors have to pricey risk assets including corporate bonds and high-yield junk debt.
NEW YORK DoubleLine Capital Chief Executive Jeffrey Gundlach, who voted for President Donald Trump, warned on Tuesday that it is a "strange environment" to be cutting U.S. corporate taxes with the economy already in its eighth year of expansion.
NEW YORK Top executives at asset manager and investment bank Guggenheim Partners LLC are working to quell clients' concerns about the fate of their chief executive officer and about an ongoing examination by U.S. securities regulators.