Bloomberg News

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New York Life Names Blunt To Lead $540 Billion Investments Group

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New York Life Insurance Co., the largest policyholder-owned life insurer in the U.S., named Chris Blunt as head of the investment unit with $540 billion in AUM.

This Hong Kong Exec Made $22B; This Week He Lost Most of It

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Pan Sutong made $22 billion this year and then lost most of it. He says he doesn’t care.

If Your Clients Are Still Paying Children's Bills, They're Not Alone

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In 2015, 36 percent of parents said in a poll published this week that they expect to support their child for more than two years after graduation, up from 18 percent the year before.

‘Shale-ionaires’ Suffering From Wave Of Bankrupt Oil Drillers

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Royalty payouts from bankrupt operations have shrunk to a fraction of the rates paid before the crash.

Six Reasons You Should Be Paying More Attention To Canada

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The Canadian economy and financial markets are one of the most underutilized barometers of global economic activity.

Oaktree’s Marks Says Europe Better Bet Than ‘Highly Priced’ U.S.

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Howard Marks, co-chairman of distressed-debt investor Oaktree Capital Management, said Europe has become more attractive than the U.S.

Facebook Share Scammer Found Guilty Of Bilking Family Office

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Troy Stratos, who lied his way into the wealthiest circles in Silicon Valley, used the frenzy for pre-IPO Facebook Inc. shares to bilk investors out of $11...

Luxury Home Prices Slacken

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Prices for the most expensive U.S. homes grew at the slowest pace in three years as wealthy buyers became worried about overpaying following a surge in values, Redfin Corp. said.

Rent Costs Beat Home Values In U.S. For First Time Since 2012

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Rents grew 4 percent in the year ended in April, beating the 3 percent rise in home values over the same period, says Zillow.

Your 'Financial Coach' Could Screw Up Your Life

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To attract clients, a life coach needs an appealing personality, and that’s about it. Ethics and expertise are optional.

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