Reuters - Money

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Thursday, June 29, 2017

Senate health bill would decimate long-term care coverage

CHICAGO (Reuters) - When Americans think about retirement planning, long-term care usually is a major blind spot - few of us want to contemplate the possibility of infirmity and dependency in old age. But we would do well to think about it now, as the Senate Republicans take a holiday weekend pause in their push to dismantle the Affordable Care Act.

Your Money: Sharing family getaways without any cottage conflicts

NEW YORK(Reuters) - Picture it: 40 picturesque acres nestled in Wisconsin lake country.

U.S. housing stocks may rally as millennials age: Smead

NEW YORK (Reuters) - Stocks of large U.S. home builders and building materials companies are poised to rise as millennials age and need housing, according to Bill Smead, the chief executive of Smead Capital Management.

Neuberger Berman's Dyal buys minority stake in hedge fund Atalaya

BOSTON (Reuters) - Dyal Capital Partners, the Neuberger Berman Group unit that buys minority stakes in hedge and private equity fund firms, has bought a piece of private credit and special opportunities investor Atalaya Capital Management, marking its third investment in three months.

Your Money: How many college savings buckets do you need?

NEW YORK (Reuters) - Like many financially savvy parents, Jim Stehr started a college savings account for his son at birth. When Stehr's second and third children came along, he opened accounts for them too.

California moves forward on letting customers sue banks, inspired by Wells Fargo

WASHINGTON (Reuters) - California took another step on Tuesday toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year's Wells Fargo scandal passed a key Assembly committee.

Hedge fund executive Scaramucci lands post at Export-Import Bank: source

BOSTON (Reuters) - Hedge fund industry executive Anthony Scaramucci, an advisor to U.S. President Donald Trump, has been named chief strategy officer of the U.S. Export-Import Bank, a source familiar with the appointment said on Tuesday.

World's first ATM machine turns to gold on 50th birthday

LONDON (Reuters) - Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.

Bitcoin exchange operator tied to hacks gets five-and-a-half years U.S. prison

NEW YORK (Reuters) - A Florida man was sentenced on Tuesday to 5-1/2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase & Co.

MacNaughton to join UBS as head of HY trading

NEW YORK (Reuters) - Robert MacNaughton is joining UBS as managing director and head of high-yield trading, according to a source familiar with the matter.