New U.S. tax law could create underpayment headaches for retirees
CHICAGO (Reuters) - The U.S. Internal Revenue Service hoisted a big red-flag warning to retirees earlier this month: take a look at how much income tax you are paying throughout 2018, because the amount could need an adjustment in the wake of the new federal tax law.
Paulson launches alliance to seek better returns in gold sector
TORONTO (Reuters) - Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council.
Putnam stares down hedge funds on big shopping mall bet
BOSTON (Reuters) - Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores or file for bankruptcy.
Your Money: What to learn from NFL rookies about getting rich quick
NEW YORK (Reuters) - You could hardly design a worse scenario for smart money management than being a rookie in the National Football League. Young men in their early 20s, many from low-income backgrounds, are showered suddenly with millions of dollars, alongside teammates with millions of their own.
U.S. bond market recession signal not far away, strategists say: Reuters poll
BENGALURU (Reuters) - Short-dated U.S. Treasury yields will rise above longer maturities -- a reliable forecaster of recessions -- within two years and possibly in the next year, according to market experts polled by Reuters.
Ultra-short obligation funds attract inflows ahead of Fed: Lipper
NEW YORK (Reuters) - Investors took on a defensive approach ahead of next week's Federal Reserve meeting, pouring money into ultra-short obligation funds as well as equity and fixed-income exchange-traded funds, Lipper data showed on Thursday.
Medicare supplement plans are changing: What you need to know
CHICAGO (Reuters) - If you are buying a Medicare supplemental policy in the United States, make sure you choose your insurance carefully over the next few months.
DoubleLine's Gundlach warns U.S. Treasury yields headed higher
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in a row.
Strap on the Fitbit: John Hancock to sell only interactive life insurance
(Reuters) - John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday.
'Who broke the law?' Cohn says in defending Wall Street's role in crisis
NEW YORK (Reuters) - Gary Cohn, the former economic adviser to U.S. President Donald Trump, gave a ringing endorsement of Wall Street bankers on Monday, arguing that borrowers were just as responsible for the 2007-2009 financial crisis as lenders and ridiculing rules intended to make the system stronger in its aftermath.