By Ann Saphir (Reuters) – Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe’s premier economic gathering, the Kansas City Federal Reserve’s annual symposium in Grand Teton National Park. The event draws keen investor attention, and – depending on what the world’s most influential …
What to look for at Fed’s Jackson Hole symposium Read More »
By Ann Saphir and Michael S. Derby JACKSON HOLE, Wyoming (Reuters) -Federal Reserve policymakers on Thursday lined up in support of U.S. interest-rate cuts starting next month now that inflation is well down from its highs and the U.S. labor market is cooling, though one signaled he is in no rush to ease policy. “For …
Fed policymakers flag rate cuts as job market cools Read More »
By Chris Taylor NEW YORK (Reuters) – If you ever question the value of hybrid work, just have a chat with L Parker Barnum. The managing director of creative agency Mythology splits his week: three days from his home in New Jersey with two days at the firm’s office in Manhattan. His verdict: The arrangement …
By Howard Schneider and Ann Saphir Jackson Hole, Wyoming (Reuters) – Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring inflation down without triggering a recession, and signaled her support for starting interest rate cuts next month. “I think there’s a clear path to achieving …
Fed has ‘clear path’ to achieving goals without recession, Collins says Read More »
By Suzanne McGee (Reuters) – The number of new exchange-traded funds hitting the U.S. market is on track to set another record in 2024, according to data from Morningstar Direct, with an average of 50 ETFs making their debut monthly. That compares to a monthly average of 48 in 2023, which was also a record, …
New US ETFs being launched at record pace in 2024 Read More »
(Reuters) – Wells Fargo on Tuesday agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, a move that will make the firm the largest servicer of commercial real estate securitized debt in the United States. Founded in 1988, Trimont, which primarily serves non-bank and alternative lenders, will manage combined $640 billion loans …
By Nell Mackenzie LONDON (Reuters) – Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs note seen by Reuters on Monday showed. Hedge funds last week sold industrial stocks at some of the highest levels seen in five years, …
Hedge funds sell planes, trains, automobiles; buy energy stocks, says Goldman Read More »
By Lauren Young NEW YORK (Reuters) -Sign up here for the Reuters On the Money newsletter to get U.S. personal finance tips and insights. Do you dream about living overseas when you retire? My husband and I like to talk about our ideal retirement spot. We both like the idea of a beach with mountains …
How to retire abroad plus expert advice for nervous investors Read More »
By Chris Taylor NEW YORK (Reuters) – Trent Anderson may drive for Uber in Tampa, Florida, but his daydreams take him to places like picturesque Malaga, a city in the south of Spain. “It’s got the beach. It’s got the mountains. It has a big-city feel, but it’s not that big,” said Anderson, 49. The …
For aspiring expats, a way to test retirement abroad Read More »
By Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korea’s mom-and-pop investors are defying last week’s global financial markets rout by pouring even more funds into U.S. stocks, a years-long trend that analysts and investors bet will continue due to the depressed value proposition at home. South Korean retailers have been scooping up Nvidia, …
Shunning home markets, South Korean retailers pile-up on US stocks Read More »
