Stocks took a summer Friday in trading as the market barely budged.
All three major US stock indexes finished less than 0.1% from where they started the day despite a slew of US economic data.. Business Insider
*Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.*
A hedge fund led by an investing legend expects "all hell to break loose."
Billionaire Paul.. Business Insider
May.25 -- Wells Fargo & Co. will pay bigger sign-on bonuses to some new brokers as competitors including Morgan Stanley and Bank of America Corp. seek to reduce recruitment inducements. Bloomberg's.. Source: Bloomberg Global Business -
May.24 -- In today's "Single Best Chart," Bloomberg's Tom Keene and Guy Johnson display the U.S. 2-Year and 10-Year spread going back to June of 2016. They speak with Michael Wilson, chief U.S. equity.. Source: Bloomberg Global Business -
When it comes to who's more loyal between iPhone and Android users, we have a clear winner as more people prefer to stick with their iPhones in the next 12 months, according to Morgan Stanley. Sean.. Source: Buzz60 -
May.19 -- Matthew Hornbach, Morgan Stanley's global head of interest rate strategy, discusses the outlook for the U.S. Treasury yield curve and Fed policy with Bloomberg's Jonathan Ferro and Lisa.. Source: Bloomberg Global Business -
Tesla's market value recently surpassed Ford's, and it was a big milestone for the smaller electric-car maker that contends with the traditional auto makers.
But if investors had to buy and hold.. Business Insider
Ford ousted Mark Fields as CEO this week and replaced him with Jim Hackett, an executive with a futuristic outlook who will likely be tasked with talking up Ford's efforts to transform itself into a.. Business Insider
Nasdaq Stockholm decides to officially list 9 warrant(s) issued by Morgan Stanley & Co. International plc with effect from 2017-05-29. The warrant(s) will be listed on STO Warrants. Please find ins... FinanzNachrichten.de
Wells Fargo Advisors plans to sweeten recruitment bonuses to lure new advisers. This week, the St. Louis-based brokerage arm of Wells Fargo & Co. told industry recruiters it would boost its offers.. bizjournals
· Trump's first G7 expected to be 'challenging' (Reuters); Trump Saves Worst for Last on Foreign Trip (BBG)
· Trump Blasts German Carmakers' U.S. Sales and Threatens Barriers (BBG)
· Trump.. Zero Hedge
Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been leaked and largely priced in.. Zero Hedge
Wells Fargo & Co. is sweetening its signing bonuses for veteran brokers, a move to capitalize on Morgan Stanley’s and Merrill Lynch’s retreat from the industry’s costly recruiting practice known.. Wall Street Journal
Aviva has fired the starting gun on a £300m share buyback after building up a bumper war chest of cash.
In March, the insurance giant revealed it had raked in £1.1bn over the last year.
While.. City A.M.
NEW YORK (Reuters) - Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier.. Reuters
Today's City Moves are bank and lending-heavy, featuring challenger banking, peer-to-peer lending and a Shariah-compliant bank. Take a look at these movers and shakers:
Peer-to-peer.. City A.M.
Continuing its expansion, challenger bank OakNorth has hired a former Morgan Stanley chief executive and an ex-Bain Capital managing director to its board of directors.
Navtej Nandra and Edward.. City A.M.