Reuters Money: August 27, 2015

Click to View in Browser Thursday, August 27, 2015 Young workers in target-date funds hit hard by market drop CHICAGO(Reuters) - As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit. Wall Street is for sale - but is it cheap? NEW YORK (Reuters) - During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains - and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive. TD Securities now sees Fed hiking rates in March 2016 NEW YORK (Reuters) - TD Securities analysts pushed out the expected timing on when the U.S. Federal Reserve would raise interest rates to March 2016 from their earlier forecast of a September lift-off, due to recent global market turmoil. Ackman says Pershing Square down for the year after markets drop BOSTON (Reuters) - Billionaire investor William Ackman, one of last year's best performing hedge fund managers, is now losing money after the recent market plunge wiped out a double-digit gain. Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg (Reuters) - Mutual fund provider Fidelity Investments is considering dropping American Express Co and Bank of America Corp to find new partners and better terms, Bloomberg reported, citing people familiar with the matter. Steep stock losses have some investors loaded for bear NEW YORK (Reuters) - After a six-day span in which the benchmark Standard & Poor's 500 dropped 11 percent, some fund managers and analysts on Wall Street are raising the possibility that a bear market may be looming for the first time since 2009. Are hedge funds just pricey and passive? (Reuters) - Investors in hedge funds are likely to be paying for a product more like an index fund than a skill-driven market beater. Retail brokers cheer stomach-churning volatility NEW YORK (Reuters) - Forget the May 6, 2010, Flash Crash when the U.S. stock market fell 600 points in five minutes or that confidence-shattering day on August 5, 2011, when Standard & Poor's Corp downgraded the credit rating of the United States. Exchanges, Barclays win dismissal of U.S. high-frequency trading case NEW YORK (Reuters) - Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders. BNY Mellon pricing glitch affects billions of dollars of funds (Reuters) - BNY Mellon Corp was scrambling to fix a computer glitch on Wednesday that has delayed how billions of dollars of assets are valued, throwing the U.S. funds industry into disarray and damaging the reputation of the world's largest custody bank. Related Video Fed rate hike could be delayed until 2016 - Nick Colas Apple boosted global market share in Q2- Gartner Related News Wall Street set to open higher, helped by GDP data U.S. second-quarter GDP growth revised sharply higher to 3.7 percent 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