Wednesday 21 June 2017

Reuters Money: June 21, 2017

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Wednesday, June 21, 2017
China shares get MSCI nod in landmark moment for Beijing
NEW YORK/HONG KONG (Reuters) - China's stocks took a major step toward global acceptance on Wednesday, finally winning a long campaign for inclusion in a leading emerging markets benchmark, in what was seen as a milestone for global investing.
Your Money: Will you still be paying off your summer vacation in 2018?
NEW YORK (Reuters) - Your summer vacation better be worth it because, chances are, you are still going to be paying it off next year.
Russekoff's hedge fund Smith Cove hires ex-Perry exec Gulati
BOSTON (Reuters) - Hedge fund manager David Russekoff has hired Chetan Gulati, a former colleague from Perry Capital, to beef up the investment team at his newly formed firm Smith Cove Capital.
Sweet success: life lessons with candy megastore owner Dylan Lauren
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.
Hedge fund called 'greedy bastards' by Whole Foods CEO would make $300 million on sale
(Editor's Note: please be advised that headline and paragraph 7 contain language that some readers may find offensive)
Your Money: Money secrets of parents with multiple kids in college
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.
Kyle Bass still short yuan, says China credit bubble 'metastasizing'
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."
China to promote wealth management investment in commodities - regulator
BEIJING (Reuters) - China's securities regulator said it will encourage wealth management firms to invest in commodity futures in a bid to promote its domestic derivatives industry and raise the amount of commodities in the nation's assets under management.
Column: Yes, disability insurance really is part of Social Security
CHICAGO (Reuters) - Quiz time: what do the letters "SS" stand for in SSDI?
Your money: Consumers grapple with tip inflation
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.
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