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Chris Reese economic growth Jeffrey Gundlach Money rates Top News 

Gundlach says flatter Treasury yield curve could become a concern

June 21, 2017 By Jennifer Ablan NEW YORK (Reuters) – The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday. The slope of the yield curve has been flattening in recent days, with short-term rates rising faster than longer-bond yields. This typically happens when monetary policy is tightened. Last week, the Federal…

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case debt economic growth Money Neil Constable Top News 

U.S. stock market gets relief from strong fund flows: trade group

June 21, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – U.S. stock fund flows rebounded in the latest week, providing succor to markets after multibillion dollar withdrawals in the prior week, data from trade group Investment Company Institute (ICI) showed on Wednesday. Equity funds based in the United States pulled in $27.3 billion during the week ended June 14, driven chiefly by demand for exchange-traded funds (ETFs). Debt funds attracted $7.7 billion in their 25th straight week of inflows, ICI said. Mutual funds are heavily favored by retail investors, while…

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debt fact Jill Gonzalez Money month Top News 

Your Money: Will you still be paying off your summer vacation in 2018?

June 20, 2017 By Beth Pinsker NEW YORK (Reuters) – Your summer vacation better be worth it because, chances are, you are still going to be paying it off next year. A new survey released June 20 from financial website LearnVest.com says that Americans take an average of six months to recover financially from a vacation. Additionally, 66 percent of the 1,000 people who responded to the survey in May said they spend more than on one month’s rent or mortgage on a week-long vacation, a finding especially troubling to…

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Business Dylan Candy Bar Money Puerto Rico Top News Willy Wonka 

Sweet success: life lessons with candy megastore owner Dylan Lauren

June 19, 2017 By Chris Taylor NEW YORK (Reuters) – Children of the rich and famous have a reputation for being spoiled brats who do not know the value of a dollar. Then there is the daughter of famed fashion designer Ralph Lauren. Dylan Lauren, 43, has made herself into a female Willy Wonka by creating the world’s largest candy store, Dylan’s Candy Bar, in Manhattan. After the flagship’s success, she opened more of these emporiums around the country. For the latest in Reuters’ Life Lessons series, Lauren shared her…

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bank China Kyle Bass Money Moody Investors Service Top News 

Kyle Bass still short yuan, says China credit bubble ‘metastasizing’

June 15, 2017 By Jennifer Ablan NEW YORK (Reuters) – Hayman Capital Management founder Kyle Bass on Thursday said he remains short the Chinese yuan despite the country’s latest change to the guidance rate, because he believes credit bubble problems are “metastasizing.” “What the public narrative is and what they have been doing behind the scenes are two completely different stories,” Bass said in a telephone interview. “China has been masterful controlling the public narrative. As a fiduciary, I have no idea how anyone can invest in China.” Famed for…

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accounts Florida Money New York state Top News 

Your Money: Money secrets of parents with multiple kids in college

June 15, 2017 By Beth Pinsker NEW YORK (Reuters) – Sometime soon after his fourth child was born, it dawned on Howard Krooks that he was going to be on the hook for 12 consecutive years of college tuition payments when they all grew up. It scared him into action. “I’m a planner. I don’t like surprises,” said Krooks, an elder law attorney in Boca Raton, Florida. Krooks figures he will spend upwards of $1 million to put four children through college. His oldest child is now 19 and attending…

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David Mendels Edward Vargo Money service Texas Top News 

Your money: Consumers grapple with tip inflation

June 15, 2017 By Chris Taylor NEW YORK(Reuters) – When Alexander Koury took his cats to get groomed a few weeks ago, he got a bit of a shock at the checkout counter. The Phoenix financial planner brought his 5-year-old orange tabbies Frankie and Scotch in for bathing, clipping and shaving, which cost $150. But then the payment system asked whether he wanted to tack on a healthy tip: Either 20, 25 or 30 percent. “Ridiculous,” says Koury, 36, who says it was not explained to him why he needed…

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case Column Yes Money spending SSDI Top News 

Column: Yes, disability insurance really is part of Social Security

June 15, 2017 By Mark Miller CHICAGO (Reuters) – Quiz time: what do the letters “SS” stand for in SSDI? If your answer is “Social Security,” congratulations. You know that Social Security Disability Insurance is part of Social Security. That seems obvious, but the Trump administration wants you to think otherwise. “If you ask 999 people out of 1,000, (they) would tell you that Social Security disability is not part of Social Security,” Mick Mulvaney, the administration’s budget director, said in May at a press briefing on its 2018 spending…

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consumer James Saft Money rates tax cuts Top News 

Chance of Fed hitting ‘terminal rate’ looking terminal: James Saft

June 15, 2017 By James Saft (Reuters) – The main thing terminal about the Federal Reserve’s ‘terminal’ interest rate projections are the chances of rates actually making it that high in the foreseeable future. As expected, the Fed hiked on Wednesday by 25 basis points to 1.0-1.25 percent, but did so against an inflation and consumer backdrop which casts grave doubt that it will actually be able to reach the 3 percent ‘terminal’ rate it sees as a future baseline. Arguing that recent shortfalls in inflation were “transitory,” the Fed…

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attack cyber debt Money security Top News 

U.S. muni market slowly starts paying heed to cyber risks

June 14, 2017 By Hilary Russ NEW YORK (Reuters) – A rise in cyber attacks on U.S. public sector targets so far has had little impact in the $3.8 trillion municipal debt market, with no issuer as yet hit by a downgrade or higher borrowing costs because of a cyber security threat. That is beginning to change. S&P Global has begun to quiz states, cities and towns about their cyber defenses, and some credit analysts are starting to factor cyber security when they look at bonds. Moody’s Investors Service is…

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