Friday, August 21, 2015

Reuters Money: August 21, 2015

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Friday, August 21, 2015
Pension advance firms cheat retirees: U.S. lawsuit
NEW YORK (Reuters) - U.S. regulators on Thursday filed a lawsuit accusing two companies of preying on retirees and military veterans by advancing high-cost loans disguised as pension advances, jeopardizing victims' retirement savings.
Equity outflows at 15-week high as investors seek bond safety: BAML
LONDON (Reuters) - Equity outflows hit a 15-week high of $8.3 billion in the past week, with fears of a China-driven global economic crisis pushing investors towards safe-haven money-market funds and Treasuries, Bank of America Merrill Lynch said on Friday.
Seniors gear up for the sharing economy
CHICAGO (Reuters) - Five dollars may not sound like much pay for doing a job, but do not tell that to Brooke Folk.
What do breadwinning women want? More help, less stress
NEW YORK (Reuters) - Women are the breadwinners in four out of 10 American families, and nearly 95 percent of women will be their family's primary financial decision maker at some point in their lives.
Allianz's El-Erian says Fed missed earlier chance to hike rates: CNBC
NEW YORK (Reuters) - Mohamed El-Erian, chief economic adviser at Allianz SE , said on Thursday that the U.S. Federal Reserve missed the opportunity to hike rates when both U.S. and international economic data were more in alignment.
Burned by oil, some U.S. fund managers still bet on rebound
NEW YORK (Reuters) - Mutual fund managers who believed the slump in oil prices would be short-lived have been taking it on the chin, but some are not giving up, betting that the market will bounce back and they will have the last laugh.
'Go anywhere' bond funds pose risks that investors can't see
NEW YORK (Reuters) - With the Federal Reserve expected by many to begin increasing interest rates next month, investors will be looking to the managers of unconstrained bond funds for protection.
Fed to offer term reverse repos in late September
NEW YORK (Reuters) - The U.S. Federal Reserve will offer at least $200 billion in longer-term reverse repurchase agreements in late September in an ongoing test of this tool at quarter-end, the New York Federal Reserve said on Wednesday.
Why Netflix is raising the bar for millennial parents
NEW YORK (Reuters) - Millennial parents are coming to Corporate America, and companies are bracing for impact.
Protecting your computer's data comes at a low cost
NEW YORK (Reuters) - When Josh Smith's boss got his computer stolen out of his car, he simply went to the store, bought a new one, and plugged it into his backup drive.
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