Reuters Money: August 24, 2015

Click to View in Browser Monday, August 24, 2015 What to do on Monday about that stock market selloff NEW YORK (Reuters) - Last week's $1 trillion stock market selloff was scary. After almost seven years of bull market, we were all reminded of the fallibility of our retirement accounts and college nest eggs - as in: yikes, this can really fall fast. Allianz's El-Erian says market turmoil creating value: CNBC NEW YORK (Reuters) - Mohamed El-Erian, chief economic adviser at Allianz SE, said Monday that turmoil in stock markets was creating opportunities for investors, but could prevent the Federal Reserve from hiking rates next month. Goldman braces for big demand for U.S. government money market funds (Reuters) - Goldman Sachs Group Inc fund managers believe investors could pour $450 billion into money market funds that invest in U.S. government debt in response to new rules for the short-term funds, an executive told Reuters.  Wells Fargo plans to hire investment bankers (Reuters) - Wells Fargo & Co is looking to make selective hires in investment banking while it has pared back in another group in its securities division. Allianz's El-Erian says September rate hike 'really tough policy call' NEW YORK (Reuters) - Mohamed El-Erian, chief economic adviser at Allianz SE, said on Friday that the U.S. Federal Reserve might not raise interest rates in September against a backdrop of slowing global economic growth. 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. Related Video Fed rate hike could be delayed until 2016 - Nick Colas Apple boosted global market share in Q2- Gartner Related News Wall St. slides into correction territory Great fall of China sinks world stocks, dollar tumbles Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook