Money

Rising Medicare costs leave many U.S. seniors with a flat COLA

CHICAGO (Reuters) – Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better. Reuters: Money

Money

Hedge fund bet on Glencore backfires with $100 million loss

LONDON (Reuters) – London hedge fund giant Lansdowne Partners lost $ 100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. … Reuters: Money

Money

China sets sweeping new rules to regulate $15 trillion asset management products

BEIJING (Reuters) – China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s… Reuters: Money

Money

Wells Fargo consumer lending head axed after disparaging regulators: source

NEW YORK/WASHINGTON (Reuters) – Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator… Reuters: Money

Money

Global banks flag concerns over U.S. Senate tax proposal

WASHINGTON (Reuters) – Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could… Reuters: Money

Money

BlackRock’s Fink learns to live with activist investors

NEW YORK (Reuters) – Larry Fink, whose $ 6 trillion BlackRock Inc seldom picks a public fight with large companies, said on Monday that activist investors often help lay the groundwork for positive… Reuters: Money

Money

Most millennials seen worse off than parents despite aptitude: study

ZURICH (Reuters) – Most millennials will struggle to earn more money and find better jobs than their parents despite being more highly trained, according to a study by Credit Suisse. Reuters: Money

Money

Sesame Street goes global to teach kids about money

NEW YORK (Reuters) – Translating money messages to 100 million kids around the world is not a feat for ordinary humans – you need monsters. Reuters: Money

Money

U.S. junk bond sector ends rough week on calmer note

NEW YORK (Reuters) – Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering… Reuters: Money

Money

Icahn subpoenaed by U.S. on biofuels dealing: filing

NEW YORK (Reuters) – Billionaire investor Carl Icahn has been subpoenaed by the U.S. Justice Department over his efforts to overhaul the U.S. biofuels program during his time as an unpaid adviser to… Reuters: Money