Biggest U.S. banks clear first hurdle in Fed’s annual stress tests

WASHINGTON/NEW YORK (Reuters) – The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to…

U.S. stock fund flows decline week after one of biggest inflows of 2017

NEW YORK (Reuters) – Investors pulled back from U.S.-based stock funds after pouring the most cash into those investments since February the previous week, Lipper data showed on Thursday.

U.S.-based taxable bond funds attract $3 billion in week: Lipper

NEW YORK (Reuters) – Investors poured $3 billion into U.S.-based taxable bond funds during the latest week despite incurring some losses, Lipper data showed on Thursday.

Column: Big Social Security COLA will be offset by Medicare premiums

CHICAGO (Reuters) – Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 – but don’t break out the champagne just yet. For many, higher Medicare…

Stifel appoints three financial advisers at its broker-dealer unit

(Reuters) – Stifel Financial Corp said on Wednesday three financial advisers joined the private client group of its broker-dealer subsidiary, Stifel, Nicolaus & Co Inc.

Low U.S. inflation? It’s your phone: BlackRock bond manager

NEW YORK (Reuters) – Americans’ love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at…

After MSCI verdict, still long wait for China’s full entry to global indexes

HONG KONG (Reuters) – MSCI’s decision to add Chinese shares to a key benchmark is a major milestone, but investors say it will be a long and rocky road ahead before the might of the world’s…