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It took Warren Buffett 26 years. Bill Gates? Only five. But the record for fastest route from millionaire to billionaire currently goes to Facebook ...

NEW YORK (Reuters) – Dan Ivascyn, group chief investment officer at Pacific Investment Management Co, said on Wednesday that late-cycle deficit spending “increases the risk of an eventual hard landing for the U.S. economy by forcing the Federal Reserve to be more proactive.” FILE PHOTO: The offices of Pacific Investment Management Co (PIMCO) (R) are shown...

Getty Images Mark Karpelès, former CEO of collapsed bitcoin exchange Mt....

NEW YORK (Reuters) – Kristin Tassi spent last weekend happily settling into her new home in the Chicago area, but part of her brain was still obsessing over the mortgage rate she got for it. FILE PHOTO – A ‘for sale’ is seen outside a single family house in Garden City, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton/File Photo “I...

Escalating trade tensions between the U.S. and China get some of the blame for the global stock-market rout that kicked off this week’s trading, but...

NEW YORK (Reuters) – Bitcoin, the highly volatile digital currency, is proving to be the new stock market indicator, influential investor Jeffrey Gundlach said on Monday, adding that this is hardly just a “gut feeling” given the recent price movements. FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment...

The U.S. stock market is coming off a rough March—the worst month for the Nasdaq in more than two years—but at least seasonal trends are in investors’...

LONDON (Reuters) – Spooked by brewing trade tensions and a broad reversal in technology shares, global investors have cut their equity exposure to a four-month low this month while reducing their holdings of U.S. stocks to the lowest in nearly two years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 26, 2018. REUTERS/Brendan...

(Reuters) – Bank of America Corp said on Thursday it will grow its wealth management offering for mainstream investors by opening 600 new Merrill Edge centers and adding 300 new brokers in the next two years. A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri Merrill Edge is a division of the...