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U.S. fund investors hesitant on domestic stocks: ICI

NEW YORK (Reuters) – International stocks and taxable bonds raked in cash for the 40th week in a row as investors tiptoed away from the domestic equity market, Investment Company Institute (ICI) data for U.S.-based funds showed on Wednesday. Taxable bond mutual funds and exchange-traded funds attracted $5.9 billion, and world stock funds pulled in another $2.7 billion, the trade group said. The data reflects activity in the week ended Sept 6, after North Korea’s largest ever nuclear bomb test and U.S. investors were shaken by Hurricanes Irma and Harvey. Read More

               

Obstacles await as Congress resumes health care fight  

Republican hopes for repealing and replacing former President Barack Obama’s health care law are still twitching in Congress, though barely. Leaders lack the votes to pass something and face a fresh obstacle — the Senate parliamentarian ruled Friday that Republicans only have the ability to dismantle the law with 51 votes until the end of the month. It’s among several health issues lawmakers face when they return from summer recess, even as fights over the budget and helping Texas recover from Hurricane Harvey grab center stage. WHEN WE LEFT OFF Read More  

               

Los Angeles wildfire, largest in city history, menaces hundreds of homes  

LOS ANGELES (Reuters) – More than a thousand firefighters battling the largest wildfire in Los Angeles history contended with erratic winds on Sunday, but more moderate temperatures could help contain a blaze that has forced hundreds to evacuate their homes, officials said. The nearly 5,900-acre (2400-hectare) La Tuna Fire, named after the canyon area near the northern edge of Los Angeles where it erupted on Friday, has destroyed three homes and damaged one. Authorities had evacuated more than 700 homes in a Los Angeles neighborhood and in nearby Burbank and Read More  

               

Amazon hit with lawsuit over eclipse glasses  

NEW YORK (Reuters) – Amazon.com (AMZN.O) has been hit with a proposed class action lawsuit by a couple who claims defective eclipse glasses purchased through the online retailer damaged their eyes. In the lawsuit, filed in federal court in South Carolina on Tuesday evening, Corey Payne and his fiancée, Kayla Harris, said they purchased a three-pack of eclipse glasses on Amazon in early August, assuming that the glasses would allow them to safely view the United States’ first coast-to-coast total solar eclipse in a century on Aug. 21. Later that Read More