Trump administration debates 90-day tariffs deferral: Bloomberg News

The administration of U.S. President Donald Trump is debating if it should defer payments of duties on imported goods from around the world for three months, Bloomberg reported on Tuesday, citing...

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BNY Mellon money fund gets capital infusion after 'shadow price' falls

A New Jersey municipal money-market fund run by BNY Mellon Corp needed an injection of $89,000 after the market value of the fund came under pressure, the bank disclosed on Tuesday in a U.S....

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U.S. activist investors Land & Buildings, Engaged raise new capital: sources

Several investors who push management to perform better are trying to raise hundreds of millions of dollars in new cash to buy stakes in companies beaten down by a historic market selloff, four...

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SEC proposes allowing more investors access to private companies

The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.

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DoubleLine's Gundlach sees risk for U.S. credit when dollar weakens

The U.S. dollar's next big move will be lower, which could lead to a significant fall in U.S. bond prices and a slew of downgrades, Jeffrey Gundlach, chief executive of DoubleLine Capital said on...

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Exclusive: Hedge fund Citadel's commodities business up about $1 billion for the year - sources

Citadel's commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world's...

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Australian financial watchdog proposes tighter terms for executive pay

Australia's financial-sector watchdog on Tuesday proposed new rules around remuneration after a public inquiry last year blamed flawed incentives for widespread wrongdoing in the industry.

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Guggenheim defeats lawsuit claiming it siphoned annuity unit's cash for LA Dodgers

Guggenheim Partners won the dismissal of a lawsuit claiming it defrauded investors in a risky annuity, and siphoned cash for purposes including to help its billionaire chief executive Mark Walter buy...

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Investors continue four-week retreat from U.S. stock market

Investors continued a four-week long retreat from the U.S. stock market last week by unloading a net of nearly $9.6 billion in assets from domestic mutual and exchange-traded funds, according to data...

from Reuters: Wealth https://reut.rs/2YHoBwk

Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials.

from Reuters: Wealth https://reut.rs/2EkB6X2

U.S. growth would have contracted without trillions in government, consumer debt: Gundlach

U.S. growth appears to be based "exclusively" on government, corporate and mortgage debt and the economy would have contracted if the United States had not added trillions in debt, Jeffrey Gundlach,...

from Reuters: Wealth https://reut.rs/2YyytZl

Depression risk could derail your retirement portfolio

Retirement savings can suffer from interest rate moves, market volatility and other financial risks, but depression can be just as damaging.

from Reuters: Wealth https://reut.rs/2JDaELt

PIMCO names Rene Martel as its head of retirement

Pacific Investment Management Co has named Rene Martel, a managing director at the Newport Beach, Calif.-based firm, as its head of retirement, a new role for the firm, a spokesman said Tuesday.

from Reuters: Wealth https://reut.rs/2H0PSTe

Gundlach recommends buying rate volatility on long maturity U.S. Treasuries: Sohn

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Monday at the Sohn Investment Conference that his best idea for investors is to buy interest rate volatility on long maturity...

from Reuters: Wealth https://reut.rs/2VNQXHk

Healthcare, bullish bets dominate hedge-fund Sohn Investment Conference picks

Big-name hedge fund managers, including David Einhorn and Larry Robbins, pitched stock ideas ranging from airplane lessors to biotech companies that are working to extend the human lifespan at the...

from Reuters: Wealth https://reut.rs/2WAJ7hi

Greenlight's David Einhorn pitches long on AerCap, short on GATX at Sohn Conference

David Einhorn, president of Greenlight Capital, at the Sohn Investment Conference on Monday said his firm is positive on airplane leasing company AerCap Holdings and negative on railcar leasing...

from Reuters: Wealth https://reut.rs/2LrN2MC

Glenview’s Larry Robbins says he’s shorting 3M shares, likes healthcare stocks: Sohn

Glenview Capital Management CEO Larry Robbins said at the Sohn Investment Conference on Monday that he’s shorting shares of industrial conglomerate 3M Co and is positive on healthcare stocks like...

from Reuters: Wealth https://reut.rs/2WwehXi

Brazil's Bradesco to buy Florida bank to focus on wealthy individuals

Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately $500 million to buy BAC Florida Bank, which focuses on high-net-worth individuals in a move intended...

from Reuters: Wealth https://reut.rs/2H3etIi

Proxy adviser ISS recommends against three directors at Sturm Ruger

Institutional Shareholder Services recommended investors withhold support from three directors at gunmaker Sturm Ruger & Co ahead of its May 8 annual meeting, the top proxy adviser said in a report...

from Reuters: Wealth https://reut.rs/2UVtwwh

Investors pile into Japan stocks ahead of BoJ pledge to keep rates low: BAML

Japanese equities sucked in their biggest inflows of cash this week since March 2018 ahead of the Bank of Japan's pledge to keep interest rates at super-low levels for longer - the latest central...

from Reuters: Wealth https://reut.rs/2GAl7o4