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BofA's Merrill Lynch settles cash sweep case for $39 million, must face second lawsuit

BofA's Merrill Lynch settles cash sweep case for $39 million, must face second lawsuit

By Jonathan Stempel NEW YORK, Oct 1 (Reuters) - Bank of America's Merrill Lynch unit will pay $39 million to settle a class action claiming it paid brokerage customers near-zero interest rates instead of market rates on idle cash in their retirement accounts.
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Dollar set for fourth weekly gain versus euro

Dollar set for fourth weekly gain versus euro

By Chibuike Oguh NEW YORK, Oct 2 (Reuters) - The dollar was on track for a fourth straight weekly gain against the euro on Friday, supported by elevated US Treasury yields amid a selloff in European government bond markets and expectations the Federal Reserve will maintain its hawkish interest rate
ReutersReuters
Bridgewater's flagship macro fund posts double-digit gains this year, sources say

Bridgewater's flagship macro fund posts double-digit gains this year, sources say

By Anirban Sen NEW YORK, Oct 1 (Reuters) - Bridgewater Associates' flagship Pure Alpha macro fund climbed 18.4% in the first nine months of the year, people familiar with the matter told Reuters, after braving a volatile market backdrop during the quarter and a big selloff in artificial intelligence
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BankUnited Secures Fifth Avenue Retail Flagship and Expands Offices at 450 Park Avenue

BankUnited Secures Fifth Avenue Retail Flagship and Expands Offices at 450 Park Avenue

BankUnited Secures Fifth Avenue Retail Flagship and Expands Offices at 450 Park Avenue
ReutersReuters
Equities rebound to close higher as surging Treasury yields recede

Equities rebound to close higher as surging Treasury yields recede

By Chuck Mikolajczak and Johann M Cherian NEW YORK, Oct 1 (Reuters) - US stocks recovered from early losses to close slightly higher on Thursday, with the S&P 500 bouncing from a two-week low as a global bond selloff reversed course after sending US Treasury yields to multi-decade highs.
ReutersReuters
Equities turn higher as Treasury yields drop from highs

Equities turn higher as Treasury yields drop from highs

By Chuck Mikolajczak and Johann M Cherian NEW YORK, Oct 1 (Reuters) - US stocks turned higher on Thursday in choppy trade, with the S&P 500 falling early to a two-week low but then rebounding sharply as a global bond selloff reversed course after sending US Treasury yields to multi-decade highs.
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BankUnited Expands Manhattan Presence with New Retail Flagship and Office Space

BankUnited Expands Manhattan Presence with New Retail Flagship and Office Space

BankUnited Expands Manhattan Presence with New Retail Flagship and Office Space
ReutersReuters
US trade court probes Trump's 'forced labor' tariffs

US trade court probes Trump's 'forced labor' tariffs

By Dietrich Knauth NEW YORK, Sept 30 (Reuters) - The US Court of International Trade on Wednesday scrutinized the legal and factual underpinnings of President Donald Trump's latest global tariffs, which were imposed on nearly all US imports over allegations trading partners aren't doing enough to
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Judge blocks New York rent-setting software ban

Judge blocks New York rent-setting software ban

By Jonathan Stempel NEW YORK, Sept 30 (Reuters) - A federal judge in Manhattan blocked New York state from enforcing a first-of-its-kind law prohibiting landlords and real estate industry professionals from using algorithmic pricing tools to set, and potentially inflate, residential rents.
TheStreetTheStreet
S&P 500 investors may have more tech exposure than they think: Here's how one wealth manager mitigates concentration risk

S&P 500 investors may have more tech exposure than they think: Here's how one wealth manager mitigates concentration risk

Kenny Polcari says investors using market-weighted S&P 500 funds should examine their technology concentration before adding more tech-focused ETFs or buying the next pullback.
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Equities end slightly lower as bond yields hold near multi-decade highs

Equities end slightly lower as bond yields hold near multi-decade highs

By Chuck Mikolajczak NEW YORK, Sept 29 (Reuters) - US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates.
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Bonds post worst month in years; stocks decline for September and oil gains

Bonds post worst month in years; stocks decline for September and oil gains

By Caroline Valetkevitch and Danilo Masoni NEW YORK/MILAN, Sept 30 (Reuters) - Global bonds closed out their worst month in years on Wednesday, with the benchmark 10-year US Treasury yield rising on the day and posting its biggest monthly increase since 2022, while the S&P 500 registered a decline