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DoubleLine’s Gundlach says no risk of U.S. high-yield junk bond ‘meltdown’

By Jennifer Ablan NEW YORK (Reuters) - There is no risk of a high-yield junk bond "meltdown" because the risk of a recession is low, Jeffrey Gundlach, chief executive of DoubleLine Capi ...

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Q&A: Poker champ Annie Duke translates card skills to everyday life

By Chris Taylor NEW YORK (Reuters) - You may think high-stakes poker has little in common with your life and career. Annie Duke thinks you would be wrong. Long one of the top female pok ...

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U.S. muni supply falls in first quarter, Citigroup is top underwriter

(Reuters) - The sale of debt by states, cities, schools and other issuers in the U.S. municipal bond market totaled $86.5 billion in 2017's first quarter, a drop of 9.5 percent from the ...

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U.S. March auto sales indicate long boom cycle may be waning

U.S. March auto sales indicate long boom cycle may be waning

By Nick Carey DETROIT (Reuters) - Major U.S. automakers' sales figures for March came in below market expectations and gave early evidence that America's long, robust boom cycle for car ...

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U.S. March auto sales lag expectations, hurting car firms’ shares

U.S. March auto sales lag expectations, hurting car firms’ shares

By Nick Carey DETROIT (Reuters) - Major U.S. automakers' sales figures for March came in below market expectations and gave early evidence that America's long, robust boom cycle for car ...

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Guggenheim Investments attract broad fixed-income inflows in March

NEW YORK (Reuters) - Guggenheim Investments, overseen by global chief investment officer Scott Minerd, had positive net flows of more than $1.5 billion into its fixed-income mutual fund ...

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Your Money: Drinking and shopping brews up a nasty cocktail

Your Money: Drinking and shopping brews up a nasty cocktail

By Chris Taylor NEW YORK(Reuters) - Honesty time: What is your most embarrassing drunk purchase? When Reuters canvassed social media on this very question recently, we got some cringewo ...

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U.S. March auto sales lag expectations, carmaker shares drop

U.S. March auto sales lag expectations, carmaker shares drop

By Nick Carey DETROIT (Reuters) - Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns the country's boom in veh ...

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U.S. March new auto sales fall short of market expectations

U.S. March new auto sales fall short of market expectations

By Nick Carey DETROIT (Reuters) - Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns the country's boom in veh ...

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Investors unimpressed by Einhorn’s GM share class plan: survey

Investors unimpressed by Einhorn’s GM share class plan: survey

By Svea Herbst-Bayliss BOSTON (Reuters) - Investors have given billionaire hedge fund manager David Einhorn's plan to boost General Motors Co's value a frosty reception with most survey ...

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Fannie, Freddie may write down $21 billion due to tax cut: BMO

Fannie, Freddie may write down $21 billion due to tax cut: BMO

NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae <FNMA.PK> and Freddie Mac <FMCC.PK> may write down $21 billion of tax-related assets if there is a deep cut in t ...

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Third Avenue in $14.25 million settlement over junk bond fund collapse

By Jonathan Stempel NEW YORK (Reuters) - Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-k ...

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Wells Fargo must face litigation on defective mortgages: U.S. judge

Wells Fargo must face litigation on defective mortgages: U.S. judge

By Jonathan Stempel NEW YORK (Reuters) - A federal judge on Thursday said Wells Fargo & Co <WFC.N> must face litigation seeking to hold it responsible for billions of dollars ...

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Investors tip-toe back to U.S. stock funds

By Trevor Hunnicutt NEW YORK (Reuters) - Investors grew more confident during the latest week, reversing last week's withdrawals from U.S.-based stock funds, data from Lipper showed on ...

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Investors add $5.6 billion to U.S.-based taxable-bond funds: Lipper

By Trevor Hunnicutt NEW YORK (Reuters) - Investors grew more confident during the latest week, reversing last week's withdrawals from U.S.-based stock funds, data from Lipper showed on ...

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