Financial News You Can Depend On

To train more workers, companies turn to virtual reality


The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through.

Which company just hit $1 trillion? Google it.


As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in...

'Green is good.' Is Wall Street's new motto sustainable?


If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.

Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data


Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019,...

ValueAct's Ubben cheers BlackRock's new stance on climate change


Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies...

In next war, soldiers will leave their smartphones at home: Peter Apps


As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering...

Your money: Avoid divorce money regrets by taking control now


Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that...

Risk of pension meltdown grows due to inaction by U.S. Congress


The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.

Your Money: Ditch the Resolution - Do a year-end review instead


It is hardly a secret that people rarely stick to New Year's resolutions - only about 8% of people actually make it to the finish line with their goals, according to studies from the University of...

How risky ETFs won the decade - and why they might not repeat that performance


Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some...

Activist hedge fund Marcato Capital to shut down after drop in assets


Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on...

D.E. Shaw's Orienteer strategy posts double-digit returns this year


D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime.

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.

U.S. retirement legislation aims to improve workplace saving, income options


(The opinions expressed here are those of the author, a columnist for Reuters.)

Fund investors pull back from U.S. stocks as year-end nears


U.S. fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks last week, the largest pullback...

YOUR MONEY - Don't die yet: new U.S. law will muddle estate plans


It is not often that a spending bill in Congress will make regular Americans run to their financial planners for emergency help before the holidays. But the Senate is poised to pass a spending bill...

Presidential Material: Life Lessons with Bellamy Young


The United States may not have had a woman president quite yet, but on TV it certainly has. One of those was Mellie Grant, the character played by Bellamy Young on the Shonda Rhimes hit “Scandal”...

How can Generation Z compete with robots? Focus on the human touch


It sounds counterintuitive, but members of Generation Z will have to focus on human connections if they want to compete with robots for the jobs of the future.

Sustainable investors face squeeze as larger firms move in


Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.

YOUR MONEY: Year-end money moves for your ETFs


Tax-loss harvesting is all about finding losers in your investment portfolio to offset winners so you pay less tax.

This ‘incredibly powerful’ home-insurance policy will make payouts even if your property isn’t damaged


‘The one industry that’s not debating the nature of climate change is the insurance industry.’

Brett Arends's ROI: ‘Kids that don’t fail are normally frugal.' Wealth advisers say Meghan and Harry’s lifestyle already raises red flags


Early money moves by the royal couple look troubling.

Mortgage rates fall to lowest level in three months — but that’s a double-edged sword for home buyers


Persistently low mortgage rates have both a positive and a negative influence on the housing market.

The Moneyist: ‘It’s sad that people are so greedy.’ My sister persuaded my father to sell his home and leave her everything — can I fight this?


‘She talked my father into rewriting his living trust so that I and my other sister received $1 each.’

FICO just updated its credit scores — here’s how to improve yours


The credit-score company will roll out its latest versions — FICO Score 10 and 10 T— this summer.

TaxWatch: Disney heiress Abigail Disney and other superrich Americans demand the 1% pay higher taxes ‘before it’s too late’


‘We urge you to step forward now — before it’s too late — to demand higher and fairer taxes on millionaires and billionaires.’

The Moneyist: My wife’s son will never let her see her granddaughter again — unless she gives him $50,000. Should she give in?


‘Her two adult sons claim that their deceased father had promised them the house would one day be theirs.’

Mayor of Wuhan, epicenter of coronavirus outbreak, says 5 million people left the city before travel restrictions were imposed


A third U.S. coronavirus case was confirmed Saturday. The patient was in hospital in Orange County and had recently returned from Wuhan.

China locks down 17 cities as number of confirmed coronavirus infections soars


On Saturday, the U.S. State Department ordered the evacuation of all U.S. personnel at the Consulate in Wuhan.

The Moneyist: I live with my mother. Her boyfriend, 75, made sexual comments to my daughter. My mom still invites him over and said, ‘That’s just the way men are’


‘My father gave me half of the ownership of the house when he died. If I ask her to leave and buy her out, she would be homeless or stuck at a retirement home.’


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