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BOSTON (Reuters) – Fidelity Investments is winding down a fund that had more than $3 billion in assets last year, with the Boston-based money manager citing an overlap in holdings of other funds used in its target-date products to explain the rare move. A sign marks a Fidelity Investments office...

AFP/Getty Images Hurricane season is upon us again, but the U.S. economy...

NEW YORK (Reuters) – The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar with the matter said. FILE PHOTO: Richard Schimel speaks during the Milken Institute Global Conference in Beverly Hills, California,...

Reuters Former Trump campaign manager Paul Manafort. WASHINGTON — Paul...

NEW YORK (Reuters) – Investors favored lower-risk U.S. bond exposure during the latest week, Lipper data showed on Thursday, as trade conflicts, an emerging market crisis and contradictory economic news spoiled the idea of a smooth sprint through the second half of the year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,...

Apple Inc. generally saves the best features for its top-of-the-line devices, but this year its cheapest new model is looking especially good. The company...

SYDNEY (Reuters) – An Australian life insurer paid a private investigator who covertly filmed a mentally-ill woman eating breakfast, holding hands with her partner and undressing at a swimming pool in a bid to find evidence to avoid paying her claim, an inquiry into finance sector misconduct heard on Thursday. Senior TAL executive Loraine van Eeden leaves...

Getty Images A jury dismissed the SEC’s charges against Texas Attorney...

LONDON (Reuters) – British investor Martin Taylor, who closed his $1.5 billion hedge fund Nevsky Capital and retired at 46, plans to get back in the market with a fresh perspective and a new firm. FILE PHOTO: The London Eye, the Big Ben clock tower and the City of London financial district are seen from the Broadway development site in central London, Britain,...

Residents of the Carolinas and Virginia are bracing for Hurricane Florence, now a Category 4 storm on the Saffir-Simpson scale and expected to become...