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Aston Martin falls 5% in its London IPO

2 months ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

SoftBank and Toyota want driverless cars to change the world

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Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

U.S. mutual fund sales signal retail investor caution

2 months ago DieselGasoil Comments Off on U.S. mutual fund sales signal retail investor caution
U.S. dollar banknotes are seen through a printed stock graph in this illustration taken February 7, 2018. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – U.S. mutual fund investors pulled $13.7 billion from stocks and bonds during the latest week, according to data released on Thursday by Lipper underscoring retail investors’ rising concerns over turbulent markets. After Read More

U.S. fund investors pull $8.5 billion from stocks during week: Lipper

2 months ago DieselGasoil Comments Off on U.S. fund investors pull $8.5 billion from stocks during week: Lipper
U.S. dollar banknotes are seen through a printed stock graph in this illustration taken February 7, 2018. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – U.S. fund investors pulled $8.5 billion out of the stock market during the latest week, the most in three weeks, Lipper data showed on Thursday. The research service’s data estimates activity in Read More

Column: Future U.S. seniors to face housing crunch as wealth declines

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CHICAGO (Reuters) – American homes are showing their age – not the houses, but the people living in them. Elderly people sit on a park bench after sun set in Encinitas, California, U.S., July 5, 2017. REUTERS/Mike Blake In 2016, about 55 percent of U.S. households (or about 65 million households) were headed by someone Read More

Pimco buys all of $3 billion UniCredit bond: sources

2 months ago DieselGasoil Comments Off on Pimco buys all of $3 billion UniCredit bond: sources
MILAN/NEW YORK (Reuters) – U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit (CRDI.MI) to comply with capital buffer rules, two sources familiar with the matter said. Ticker and trading information for Pacific Investment Management Co. (PIMCO) are Read More

Pimco buys all of $3 billion UniCredit bond – source

2 months ago DieselGasoil Comments Off on Pimco buys all of $3 billion UniCredit bond – source
MILAN (Reuters) – U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond Italy’s top bank UniCredit has issued to comply with rules on loss-absorbing securities, a source familiar with the matter said. Ticker and trading information for Pacific Investment Management Co. (PIMCO) are displayed on a screen at Read More

Medicine or vice? Socially screened funds struggle to define cannabis industry

2 months ago DieselGasoil Comments Off on Medicine or vice? Socially screened funds struggle to define cannabis industry
NEW YORK (Reuters) – Is marijuana a Medicine or a vice? FILE PHOTO: A woman holds marijuana for sale at the MedMen store in West Hollywood, California U.S. January 2, 2018. REUTERS/Lucy Nicholson/File Photo The $8 trillion U.S. socially responsible investment industry is grappling with that question as more states approve the recreational use of Read More

Hedge funds' historic U.S. rate view shift switches to 5-year bonds: McGeever

2 months ago DieselGasoil Comments Off on Hedge funds' historic U.S. rate view shift switches to 5-year bonds: McGeever
LONDON (Reuters) – A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before. Speculators on U.S. futures markets slashed their bearish bets on 5-year Treasuries last week by the fifth largest amount since the Read More