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JPM
JPMorgan In Talks To Divest AARP Card Portfolio Worth 1B
JPMorgan NYSE JPM intends to sell one of its credit card portfolios with about 1 billion in receivables which was built in partnership with a non profit organization AARP This was first reported by Bloomberg citing persons familiar with the matter AARP which was earlier recognized as the American Association ...
JPM
JPMorgan In Talks To Divest AARP Card Portfolio Worth 1B Revised
JPMorgan NYSE JPM intends to sell one of its credit card portfolios with about 1 billion in receivables which was built in partnership with a non profit organization AARP This was first reported by Bloomberg citing persons familiar with the matter AARP which was earlier recognized as the American Association ...
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Ericsson doesn t see sales lift after security concerns hit Chinese rivals
BARCELONA Reuters Telecom networks equipment maker Ericsson ST ERICb said on Wednesday security concerns about its Chinese rivals and wider trade tensions had not translated into more orders for the Swedish firm s products Chief Executive Borje Ekholm also said his firm was investing in new technology for 5G net...
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Tencent s Big Beat Falls Flat With Analysts Pining for New Games
Bloomberg Tencent Holdings Ltd failed to deliver on the one thing analysts were looking for from its third quarter update when will China approve new games The company s management told analysts late Wednesday it didn t have much of an update regarding the games approval process that has been at the center of t...
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Oil edges higher but market at risk of possible supply glut
By Amanda Cooper LONDON Reuters Oil rose on Thursday stabilizing after losing nearly 7 percent over the previous three days though concern over the prospect of an oversupplied market next year continued to weigh on prices despite OPEC s message that it may cut crude output The Organization of the Petroleum Expor...
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SAP still expects to expand margins after Qualtrics deal SAP
BARCELONA Reuters SAP DE SAPG the German business software company still expects its margins to expand after its 8 billion takeover of Qualtrics the U S company that specializes in tracking the sentiment of consumers online CFO Luka Mucic said on Friday SAP will be able to scale growth and profitability qu...
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Weak credit growth raises odds of first China rate cut in years
By Winni Zhou and Kevin Yao SHANGHAI BEIJING Reuters China s stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years but economists and policy insiders say concerns about a potential knock to its currency will likely give the central bank pause While the People s ...
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T Mobile says Sprint deal may close as early as first quarter next year
Reuters T Mobile US Inc s N TMUS Chief Financial Officer said there is a possibility that its 26 billion acquisition deal of Sprint Corp N S will close as early as the first quarter of 2019 T Mobile majority owned by Deutsche Telekom AG DE DTEGn agreed in April to buy wireless carrier Sprint and the deal ...
JPM
WeWork s new chairman defends payouts to founder says company will survive
By Sheila Dang and Carrie Monahan Reuters WeWork s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office sharing company s founder Adam Neumann and said there is now zero risk of the company going bankrupt according to an audio recording of a meeting he held with employees that w...
JPM
Sizzle Is Off Emerging World s Hottest Destination for Investors
Bloomberg Egypt s President Abdel Fattah El Sisi emerged largely unscathed from a bout of anti government protests a month ago Investors Less so Egyptian stocks are the world s fourth worst performers since the demonstrations across several cities which prompted the government to arrest nearly 2 000 people and...
JPM
How SoftBank made WeWork an offer it had to accept
By Mike Spector Joshua Franklin Greg Roumeliotis and Anirban Sen NEW YORK Reuters Just a few months ago WeWork s co founder Adam Neumann was being courted by Wall Street s top investment bankers in anticipation of one of this year s most high profile initial public offerings By October with the IPO abandoned ...
JPM
Government Bonds In Neverland
The negative interest rate policies of the European Central Bank ECB and the Bank of Japan BOJ have created a Neverland in the global fixed income markets An 8 18 Bloomberg story reported The world s headlong dash to zero or negative interest rates just passed another milestone Homebuyers in Denmark effectively...
JPM
Paypal PYPL Down 5 5 Since Last Earnings Report Can It Rebound
It has been about a month since the last earnings report for Paypal PYPL Shares have lost about 5 5 in that time frame underperforming the S P 500 Will the recent negative trend continue leading up to its next earnings release or is Paypal due for a breakout Before we dive into how investors and analysts have r...
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AT T CFO cautions on how quickly 5G revenue will come
BARCELONA Reuters AT T NYSE T is upbeat on long term revenue prospects for 5G services but expects it to take years before 5G enabled devices predominate CFO John Stephens said on Wednesday AT T the second largest U S wireless carrier has developed some use cases for the next generation mobile technology su...
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Online ad group Criteo confident it can remain independent
PARIS Reuters Online advertising and technology company Criteo expressed confidence it could continue to operate on a standalone and independent basis even as tech start ups get targeted by bigger more established companies That s not part of our strategy today to look for another partner Criteo chief financ...
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Verizon looks to expand 5G home broadband offering
BARCELONA Reuters Verizon NYSE VZ plans to target a broader audience for its new 5G home broadband product following the adoption of global standards for the technology CFO Matthew Ellis said on Wednesday The top U S wireless carrier has launched 5G home broadband in four cities that provide high speed connect...
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Oil finds floor stocks ease sterling braces for wild swings
By Danilo Masoni MILAN Reuters Oil prices bounced from multi month lows on Wednesday but stocks fell as disappointing data heightened worries over slowing global growth while the pound wavered as Prime Minister Theresa May faced the hard task of selling her Brexit deal European shares hit a two week low after dat...
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Defiant Italy sets stage for budget showdown with EU
By Jan Strupczewski BRUSSELS Reuters Italy re submitted its draft 2019 budget to the European Commission with the same growth and deficit assumptions as a draft rejected for breaking European Union rules stepping up its showdown with the EU over its fiscal policy The Commission which is the guardian of EU laws ...
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Altice USA CEO calls for fixed wireless consolidation in the U S
BARCELONA Reuters Altice USA Chief Executive Officer Dexter Goei called on Wednesday for the consolidation of fixed and wireless telecoms businesses in the United States Altice USA owns the fourth biggest cable operator in the United States and is the sister company of Altice Europe both controlled by Franco Isr...
JPM
NewsBreak SoftBank to Take Control of WeWork Inject up to 5B Reports
Investing com SoftBank will take control of WeWork in a deal that would cut the value of the work space company to about 8 billion and provide a much needed cash injection according to published reports citing people familiar with the matter Softbank plans to spend between 4 billion and 5 billion on new equity ...
JPM
SoftBank s WeWork financing would lead to Adam Neumann s exit sources
By Greg Roumeliotis Anirban Sen and Joshua Franklin Reuters SoftBank Group Corp T 9984 offered close to 10 billion to WeWork owner The We Company its employees and its investors on Monday under a plan to keep the struggling U S office space sharing start up afloat that would lead to the exit of its co founder...
JPM
SoftBank s WeWork financing would lead to Adam Neumann s exit sources
By Greg Roumeliotis Anirban Sen and Joshua Franklin Reuters SoftBank Group Corp T 9984 offered close to 10 billion to WeWork owner The We Company its employees and its investors on Monday under a plan to keep the struggling U S office space sharing start up afloat that would lead to the exit of its co founder...
JPM
Warren Steps Into Repo Market Turmoil Asks Mnuchin for Answers
Bloomberg Senator Elizabeth Warren waded into last month s turmoil in short term funding markets warning Treasury Secretary Steven Mnuchin not to use the incident as a rationale for weakening post financial crisis regulations Warren a front runner in the race to challenge Donald Trump in the 2020 U S president...
JPM
Five U S officials including Kushner Mnuchin to attend Saudi financial conference sources
By Timothy Gardner and Heather Timmons WASHINGTON Reuters U S Treasury Secretary Steven Mnuchin and presidential adviser Jared Kushner will lead Washington s delegation to an annual financial conference in Saudi Arabia government sources said on Tuesday The conference comes a year after U S based journalist Jam...
JPM
JPMorgan Says Sell Chilean Stocks Amid Worst Unrest in Decades
Bloomberg JPMorgan Chase NYSE JPM Co is turning bearish on Chilean stocks as the country s worst civil unrest in decades compounds the effects of lackluster growth and a grim outlook for an economic overhaul A combination of unattractive macro with poor bottom up options rich valuations and now added soc...
JPM
3 Top Ranked Large Cap Value Funds To Buy Today
Large cap funds are better than small or mid cap funds for risk averse investors These funds have exposure to large cap stocks with a long term performance history and more stability than what mid or small caps offer Companies with market capitalization of more than 10 billion are generally considered large cap Ho...
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Just a growth wobble or the beginning of the end
By Balazs Koranyi FRANKFURT Reuters Two of the world s biggest economies probably shrank last quarter further proof that global growth is now past its peak and the risk of a downturn is rising Germany and Japan are both expected to report negative growth figures in the coming days and even if a slew of one off ev...
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U S Fed to reconsider stress capital buffer plan official
By Pete Schroeder and Michelle Price WASHINGTON Reuters Randal Quarles head of supervision at the Federal Reserve said on Friday the central bank would re propose aspects of a bank capital rule known as the stress capital buffer due to industry concerns Speaking at a conference in Washington Quarles said the ...
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BAT Plunges on Possible U S Move to Ban Menthol Cigarettes
Bloomberg British American Tobacco LON BATS Plc plunged on news of a possible ban on menthol cigarettes in the U S which would hit a business that generates as much as one quarter of the company s profit Food and Drug Administration Commissioner Scott Gottlieb plans to pursue new restrictions the Wall Str...
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Noble Group to name former Morgan Stanley banker as next chairman sources
By Anshuman Daga SINGAPORE Reuters Noble Group Ltd is set to appoint Ian Potter a former senior banker at Morgan Stanley NYSE MS as its next chairman in a few weeks just as the commodities trader seeks to complete its 3 5 billion debt restructuring sources with knowledge of the matter said on Monday Singa...
JPM
Price Analysis 18 10 BTC ETH XRP BCH LTC EOS BNB BSV XLM LEO
The traditional financial system is heading to a disaster with about 17 trillion in global bonds returning negative yields The whole concept of negative yields of people paying for the privilege of lending money is insane behavior to me said William Eigen a veteran fund manager at JPMorgan NYSE JPM Asset Mana...
JPM
Jamie Dimon About Libra A Neat Idea That Will Never Happen
JPMorgan Chase NYSE JPM CEO Jamie Dimon has said that Facebook s not yet released Libra stablecoin is a neat idea that will never happen Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday BNN Bloomberg reported on Oct 18 Dimon said that the idea behind Li...
JPM
SoftBank seeks to avoid WeWork s liabilities with new investment sources
By Joshua Franklin Greg Roumeliotis and Mike Spector NEW YORK Reuters SoftBank Group Corp T 9984 is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U S office space sharing firm according to people familiar with the matter SoftBank is offering a 5 billi...
JPM
Why Is JP Morgan JPM Down 8 1 Since Last Earnings Report
It has been about a month since the last earnings report for JPMorgan Chase JPM Shares have lost about 8 1 in that time frame underperforming the S P 500 Will the recent negative trend continue leading up to its next earnings release or is JP Morgan due for a breakout Before we dive into how investors and analy...
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Medtech group Medacta readies Swiss IPO next year sources
ZURICH FRANKFURT Reuters Swiss medical technology company Medacta is preparing to float on the SIX Swiss Exchange in spring next year three people familiar with the matter told Reuters Credit Suisse SIX CSGN and Morgan Stanley NYSE MS are leading the deal with the help of JP Morgan and UBS the sources sa...
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Powell s Monetary Policy Gets Muddled by Jittery Markets White House
Bloomberg There s what you think you said There s what you actually said And perhaps most importantly for the steward of the world s largest economy there s what people heard That s a lesson that Federal Reserve Chairman Jerome Powell is learning the hard way as he seeks to steer the economy between the twin s...
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KKR Allianz among four contenders for Altice Europe fiber sale sources
By Pamela Barbaglia and Gw na lle Barzic LONDON PARIS Reuters Rival consortia led by U S buyout fund KKR N KKR and Germany s insurer Allianz DE ALVG are among the four main contenders for a stake in the fiber network business of Dutch based telecom company Altice AS ATCA sources said The two other bidding ...
MS
A Divided Congress Could Put the Dollar s Bull Run at Risk
Bloomberg The dollar s bull run against major currencies could come to an end in 2019 after the Democrats took the U S House from the Republicans in the midterm election While the outcome was largely expected analysts at Morgan Stanley NYSE MS and Credit Agricole PA CAGR SA say it could lead to a gridlo...
JPM
Sterling falters as Brexit deal hope fades shares pause after five day rally
By Hideyuki Sano and Swati Pandey TOKYO SYDNEY Reuters Sterling faltered on fading hopes of a Brexit deal on Thursday while a five session rally in Asian stocks ran out of steam as weak U S retail sales fanned fears about the health of the world s biggest economy South Korean Australian and New Zealand indexes ...
JPM
Exclusive Wall Street banks see green light from Fed on reserves sources
By Matt Scuffham and Pete Schroeder NEW YORK WASHINGTON Reuters Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month s volatility in overnight lending markets three industry sources told Reuters That change could help boost liquidity i...
JPM
Traders Are Rushing Nickel Out of China to Capture LME Profits
Bloomberg Traders are moving nickel stockpiles from China to other Asian warehouses to capture hefty profits by delivering to the London Metal Exchange At least 15 000 tons of refined nickel left bonded warehouses in China since September according to traders and logistic managers with knowledge of the matter T...
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Should Value Investors Pick ANI Pharmaceuticals ANIP Stock
Value investing is easily one of the most popular ways to find great stocks in any market environment After all who wouldn t want to find stocks that are either flying under the radar and are compelling buys or offer up tantalizing discounts when compared to fair value One way to find these companies is by looking a...
JPM
How To Bet On Gold Surge With ETFs Stocks
Gold continued to shine on safe haven demand triggered by escalation in the trade spat between the world s largest economies as well as global easy monetary policies Notably gold futures rose above per ounce on the Comex the highest level since 2013 Trade WarTrade tensions worsened with Trump s new tariff of 10 o...
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Bitcoin Prices Little Changed Hong Kong Plans Sandbox For Crypto Exchange
Investing com Bitcoin and other major cryptocurrency prices were little changed on Thursday Reports that Hong Kong s Securities and Futures Commission SFC is considering proposing a sandbox that grants special regulatory waivers for cryptocurrency exchanges received some attention Bitcoin inched up 0 4 to 6 3...
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Updated Morgan Stanley Report Hails Cryptocurrency as New Institutional Investment Class
Bitcoin and altcoins has been a new institutional investment class since 2017 U S multinational investment bank and financial services company Morgan Stanley NYSE MS claims in a new report released Oct 31 The document titled Bitcoin Decrypted A Brief Teach In and Implications sees the newly bullish Morga...
MS
Chinese Stocks Are Sending a Scary Signal About the Economy
Bloomberg As exporters feel the heat of the trade war China s powerful domestic consumption engine was supposed to provide some protection for investors in the nation s stocks That s not working out so well A narrative that s captured traders attention in recent weeks has been a consumption downgrade in the ...
MS
Bitcoin and Cryptocurrencies a New Institutional Investment Class Morgan Stanley Report
In another instance of Wall Street warming up to digital currencies the investment bank Morgan Stanley NYSE MS has released a bullish report on cryptocurrencies which hails Bitcoin and its peers as a new institutional investment class In an to a previous report Bitcoin Decrypted A Brief Teach In and Implic...
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Take Five World markets themes for the week ahead
LONDON Reuters Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them 1 MIDTERM MADNESS If the last five U S midterm elections are anything to go by investors should be long U S stocks on Tuesday to make the most of a knee j...
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CoreCivic names former Morgan Stanley i banker to board
CoreCivic NYSE CXW names Devin I Murphy formerly vice chairman of investment banking at Morgan Stanley NYSE MS to its board Murphy is currently CFO treasurer and secretary of Phillips Edison Co an owner and operator of grocery anchored shopping centers He had also served as global head of real estate i...
JPM
Two thirds of economists see BOJ easing in October deeper negative rates in focus Reuters poll
By Kaori Kaneko TOKYO Reuters The Bank of Japan is laying the groundwork for deepening negative interest rates analysts polled by Reuters said with two thirds of respondents expecting the central bank to loosen monetary policy this month Risks to the global economy have risen from a protracted Sino U S trade wa...
JPM
JPMorgan Veteran Refuses to Buy Insane Negative Yield Bonds
Bloomberg Lots of investors chafe at the idea of buying negative yield bonds Few are as repelled by the prospect as William Eigen The JPMorgan NYSE JPM Asset Management fund manager says he d retire before buying sub zero securities even as some of his peers profit from the trade amid mounting fears of a glob...
JPM
Fed Drags Feet as Digital Money Challenges Central Banks
Bloomberg When finance ministers and central bankers come to Washington this week the International Monetary Fund has a message for them Digital currencies are on your doorstep Get involved In the U S and other countries around the world it is just a matter of time before we see massive disruption Tobia...
JPM
Moody s May Shelve Its Plan to Control China s Top Rating Firm
Bloomberg Moody s Corp may have to shelve a plan to take control of China Chengxin International Credit Rating Co the nation s largest ratings company amid regulatory inaction according to people with knowledge of the matter Moody s seeking to take advantage of China s policy of opening its financial sector...
MS
Japan s central bank holds fire cuts inflation f cast
By Leika Kihara and Stanley White TOKYO Reuters The Bank of Japan kept monetary policy steady on Wednesday and slightly trimmed its inflation forecasts as global trade frictions clouded the economic outlook reinforcing views the central bank is in no rush to trim its massive stimulus But the BOJ issued a slightly...
MS
Treasury Lifts Long Term Debt Sales for Fourth Straight Quarter
Bloomberg The U S Treasury Department will raise the amount of long term debt it sells to 83 billion this quarter again concentrating its increases of coupon bearing debt on securities with five years or less to maturity In its quarterly refunding announcement on Wednesday the Treasury boosted the auctions of...
MS
Russia to take time to assess risks of sanctions inflation Reuters poll
By Andrey Ostroukh MOSCOW Reuters The Russian central bank is likely to hold rates or raise them only marginally over the next year taking its time to assess the inflation pattern and weigh the risk of further sanctions against Moscow a Reuters monthly poll showed on Wednesday Russia raised rates for the first t...
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Equity and Quant Hedge Funds Hit Hardest by Stock Market Rout
Bloomberg October s stock rout is inflicting the most pain on equity and quant hedge funds As the U S stock market headed for its worst month in seven years equity funds have slumped 6 8 percent through Monday Morgan Stanley s prime brokerage group said in a report That brings the year s losses to 5 9 percent...
JPM
WeWork bond prices at record low on possible debt heavy financing deal
NEW YORK Reuters The price of WeWork s U S junk bond fell to an all time low on Tuesday last trading at 78 cents on the dollar as the company weighed financing options including a package that may include at least 2 billion of unsecured notes with a 15 coupon The office sharing company s May 2025 7 875 junk ...
JPM
JPMorgan Felt Barred From Calming Repo Market by Regulations
Bloomberg JPMorgan Chase NYSE JPM Co had the cash and willingness to calm short term funding markets when they went haywire in mid September but the banking giant said regulations held it back The firm has what Chief Executive Officer Jamie Dimon on Tuesday called a checking account at the Federal Reserve ...
MS
3 Zacks Rank 1 Diversified Bond Mutual Funds To Invest In
Mutual funds having significant exposure to diversified bonds are excellent choices for investors seeking steady returns with a relatively low level of risk Investing in funds that maintain a portfolio of bonds issued across a wide range of market sectors also reduces sector specific risk Moreover investing in diver...
MS
Deutsche Bank To Sell 20 Stake In DWS Partners Nippon Life
Deutsche Bank DE DBKGn Aktiengesellschaft NYSE DB recently announced plans to offer shares of its asset management business DWS Group at a price range of 30 to 36 per share The shares are due to begin trading on the Frankfurt Stock Exchange on Mar 23 Deutsche Bank plans to sell 20 of its wholly owned sha...
JPM
JP Morgan Technicals Look Bullish
Is JPMorgan Chase Co NYSE JPM creating a pattern that is suggesting much higher prices ahead It s possible This chart looks at JP Morgan on a weekly basis over the past 5 years The chart itself comes from MarketSmith a service provided by Investors Business Daily Over the past 15 months JPM may have been cre...
MS
Oil edges back from big slump as Iran sanctions return to focus
By Henning Gloystein SINGAPORE Reuters Oil prices on Wednesday clawed back a fraction of their hefty losses the day before that came after Saudi Arabia said it would make up for supply disruptions from U S sanctions starting next month on Iran s petroleum exports Front month Brent crude oil futures LCOc1 were a...
MS
Deutsche Boerse steps up clearing battle with London ahead of Brexit
By Huw Jones LONDON Reuters Deutsche Boerse DE DB1Gn has announced plans to intensify competition with rival London Stock Exchange L LSE ahead of Brexit saying it would expand a profit sharing scheme The Frankfurt based exchange s Eurex Clearing said it will expand its partnership program to include repur...
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ECB Holds as Expected Draghi Comments on Tap
Investing com The European Central Bank left interest rates on hold Thursday in a widely anticipated decision and reiterated that it will remain unchanged at least through the summer of 2019 The euro zone monetary authority left interest rates unchanged at zero where they have remained since March 2016 Despite the...
MS
Sri Lanka s political crisis trigger major economic concerns
By Shihar Aneez and Abhirup Roy COLOMBO MUMBAI Reuters A decision by Sri Lanka s president to fire the prime minister has raised doubts among global investors and credit analysts about the near term economic health of a country already grappling with slow growth and a falling currency Among key concerns for invest...
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Bolsonaro Gets Brazilian Oil Windfall With Output Poised to Soar
Bloomberg Brazil s President elect Jair Bolsonaro is staring at an oil windfall After a decade of stagnant production Brazil s offshore mega projects are about to deliver a double whammy with exports set to surge and Brent prices comfortably above 70 a barrel This means more revenue for a country beset with fi...
JPM
WeWork prefers JPMorgan s financing package over SoftBank s control Bloomberg
Reuters Shared office space company WeWork Companies Inc is leaning toward a near 5 billion financing package led by JPMorgan Chase Co N JPM instead of selling a controlling stake to Japan s SoftBank Group Corp T 9984 Bloomberg reported late on Monday The debt package may include at least 2 billion of u...
JPM
NewsBreak JPMorgan Posts Record Revenue in 3Q EPS Beats Forecasts
Investing com JPMorgan Chase Co NYSE JPM reported record revenues in the third quarter as a strong performance by its investment bank and its credit card business more than compensated for a slowdown in home loans Chief executive Jamie Dimon said that the consumer remains healthy with growth in wages and spen...
JPM
JPMorgan Rises 3
Investing com JPMorgan NYSE JPM rose by 3 12 to trade at 120 08 by 10 39 14 39 GMT on Tuesday on the NYSE exchange The volume of JPMorgan shares traded since the start of the session was 7 82M JPMorgan has traded in a range of 117 88 to 120 10 on the day The stock has traded at 120 1000 at its highest and...
JPM
Why JPMorgan Chase JPM Is A Great Dividend Stock Right Now
Getting big returns from financial portfolios whether through stocks bonds ETFs other securities or a combination of all is an investor s dream However when you re an income investor your primary focus is generating consistent cash flow from each of your liquid investments While cash flow can come from bond i...
JPM
Silver And Gold The Battle For Investment Relevancy
The desire for gold is the most universal and deeply rooted commercial instinct of the human race Gerald M Loeb One of the finest books ever written on investing was The Battle for Investment Survival by Gerald M Loeb the provider of today s quote and a true legend in the distant long forgotten world of free ...
JPM
Global Policy Easing Cycle Set In Motion ETFs To Win
Amid global growth concerns sparked by unceasing trade tensions a rate cut cycle is in motion for many economies Recently central banks in South Korea Indonesia and South Africa resorted to rate cuts in order to keep signs of a slowdown at bay Notably top Asian exporters like Singapore Japan and South Korea have...
MS
Freudenberg picks JP Morgan Morgan Stanley for Vibracoustic IPO sources
FRANKFURT Reuters German technology group Freudenberg picked JP Morgan N JPM and Morgan Stanley N MS to act as so called global coordinators for a planned 2019 stock market flotation of its Vibracoustic unit people close to the matter said The listing of the automotive anti vibration components maker could...
MS
With record dry powder private equity poised for Asia M A boom
By Kane Wu HONG KONG Reuters Dealmaking by private equity firms in Asia has surged this year data showed underscoring their rising presence in the region s otherwise stolid tycoon dominated M A scene backed by an unmatched warchest Private equity backed deals so far this year total 79 billion in Asia Pacific ...
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The stock market s dead cat bounce is over and the rolling bear market is making a comeback Morgan Stanley says
The stock market may have bounced back from its sharp sell off at the beginning of October but Morgan Stanley NYSE MS says the selling will pick back up soon The firm expects the S P 500 to slide back below the 200 day moving average a key technical level Tread carefully in tech and consumer discretionary Morg...
JPM
SoftBank seeks control of WeWork through financing package source
By Joshua Franklin Reuters SoftBank Group Corp T 9984 has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company a person familiar with the matter said The package would significantly increase the stake of SoftBank which already owns around one t...
JPM
Top 5 Things to Know in the Market on Monday
Investing com Markets are set to open lower after investors take a more sober look at the provisional trade deal delivered by the U S and China at the end of last week while the U K s Brexit hopes get a fresh setback and Turkish assets fall after the U S and EU threaten sanctions Elsewhere Softbank is reported...
JPM
WeWork opens new sites at breakneck speed despite cash burn concerns
By Herbert Lash and Carrie Monahan NEW YORK Reuters WeWork has opened almost as many new locations in the last 3 1 2 months as it did in the whole first half of this year likely accelerating the speed with which the office sharing company is burning through cash as increasingly hard nosed investors scrutinize its ...
JPM
In new headache WeWork says it found cancer causing chemical in its phone booths
By Herbert Lash NEW YORK Reuters Cash strapped WeWork the office sharing company that is trying to negotiate a financial lifeline has a new problem that may prove costly It has closed about 2 300 phone booths at some of its 223 sites in the United States and Canada after it says it discovered elevated levels of ...
MS
Dollar gains for a second day as markets eye Fed minutes
By Saikat Chatterjee LONDON Reuters The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite although gains were capped before the release of Fed minutes later in the day Still moves were muted in currency markets contrary to the big gains in global stocks and drops in government bon...
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Danske Bank forced to resume CEO search after regulator s rejection
By Stine Jacobsen COPENHAGEN Reuters Danske Bank CO DANSKE reeling from a money laundering scandal will resume its search for a new chief executive after a Danish regulator rejected its internal candidate for the job and analysts said it would be forced to look outside the bank Jacob Aarup Andersen 40 the...
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Investors are doubling down on a trade that blew up in their faces earlier this year here s what Morgan Stanley says they should do instead
Traders refuse to throw in the towel on the controversial short volatility trade that s come under pressure multiple times this year Morgan Stanley NYSE MS lays out why the trade is so ill advised especially amid current conditions and offers alternative solutions Sometimes old habits die hard That s definitel...
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Morgan Stanley s brokerage sweetens retirement bonuses for top brokers
NEW YORK Reuters The largest U S brokerage by sales force Morgan Stanley NYSE MS told its top brokers on Thursday that if they commit to handing off their clients to another broker at the firm when they retire they can score bigger retirement bonuses Starting in 2019 the firm is offering to contribute 10 t...
JPM
JPMorgan Economists Warn of Black Swan Risks From Climate Change
Bloomberg JPMorgan Chase NYSE JPM Co economists warned that standard models on the costs of a business as usual approach toward climate change may be flawed by failing to incorporate the Black Swan type risk of pushing the planet into conditions unseen for millions of years There are plenty of non linear ...
JPM
For a few dollars more global funds take on FX risk
By Saikat Chatterjee Hideyuki Sano and Gertrude Chavez Dreyfuss LONDON TOKYO NEW YORK Reuters Some European and Japanese bond investors are taking on more currency risk by buying dollar debt without protecting themselves against potentially devastating exchange rate swings as they seek ways to compensate for sub z...
JPM
JPMorgan Rises 3
Investing com JPMorgan NYSE JPM rose by 3 03 to trade at 117 67 by 11 16 15 16 GMT on Friday on the NYSE exchange The volume of JPMorgan shares traded since the start of the session was 4 86M JPMorgan has traded in a range of 115 89 to 117 68 on the day The stock has traded at 117 6800 at its highest and ...
JPM
WeWork to close its WeGrow elementary school in New York next year
By Sheila Dang Reuters WeWork said on Friday it will shut down its WeGrow private school in New York City after the current school year as the company focuses on its main office sharing business The company is cutting back including laying off some employees and closing or selling entities that are not essential...
JPM
JPMorgan names Rebecca Thornton head of director advisory services memo
By Jessica DiNapoli NEW YORK Reuters Rebecca Thornton will become the head of JPMorgan Chase Co s N JPM director advisory services group a unit of the U S bank that helps source members for corporate boards and provides advice to them according to an internal memo seen by Reuters Thornton who joined JPMorg...
JPM
WeWork s financing lifeline hinges on SoftBank talks
By Anirban Sen and Joshua Franklin Reuters WeWork is locked in negotiations this week with its largest shareholder Softbank Group Corp T 9984 over a new 1 billion investment to enable the shared office space company to go through a major restructuring according to sources familiar with discussions If the tal...
JPM
Exclusive China Everbright Group to restructure pursue billion dollar HK IPO sources
By Engen Tham and Julie Zhu SHANGHAI HONG KONG Reuters State owned financial conglomerate China Everbright Group aims to restructure its sprawling business and pursue a billion dollar IPO next year in Hong Kong three people with direct knowledge of the matter told Reuters on Thursday While the offering size has...
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U S retail sales increase modestly consumer spending strong
By Lucia Mutikani WASHINGTON Reuters U S retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years But other details of the report from the Commerce Department on Monday were upbeat and suggested that consum...
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China s cooling factory gate inflation signals waning demand
BEIJING Reuters China s factory gate inflation cooled for a third straight month in September amid ebbing domestic demand pointing to more pressure on the world s second biggest economy as it remains locked in an intensifying trade war with the United States Consumer inflation on the other hand picked up slight...
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China to step up banks reserve requirement cuts in 2019 as growth risks build Reuters poll
BEIJING Reuters China s central bank is increasingly expected to cut the amount of funds banks need to hold as reserves next year as the government looks to funnel cash into an economy hit by slowing domestic demand and a trade war with the United States That should help economic growth hold up in the face of both...
JPM
Technical buying could spur significant rally for U S stocks JPM
By Saqib Iqbal Ahmed NEW YORK Reuters There is more behind the recent slide in U S stocks than weak data according to JPMorgan NYSE JPM Chase s head of quantitative and derivatives research who says options hedging and technical selling contributed to the gyrations and could help the market reverse course and ...
JPM
Deutsche Bank in strategy shift to address tech woes
FRANKFURT Reuters Deutsche Bank DE DBKGn is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held back the bank for years The German lender s legacy IT systems have been blamed in part for the bank s failure to control cos...
JPM
JPMorgan Says Euro Area to Be Key Equities Winner in Brexit Deal
Bloomberg Euro area stocks would stand to gain more from a Brexit deal by the end of this month than U K shares JPMorgan NYSE JPM Cazenove strategists said While such a scenario would be bullish for domestic British companies a strengthening of the pound would take away much of the upside for U K equities ...
JPM
JPMorgan Wells Fargo And Citigroup Are Part Of Zacks Earnings Preview
For Immediate ReleaseChicago IL July 15 2019 Zacks com releases the list of companies likely to issue earnings surprises This week s list includes JPMorgan NYSE JPM Wells Fargo NYSE C and Citigroup NYSE C What to Expect from Bank Earnings Bank stocks have done reasonably well lately contrary to gen...
MS
Week That Spooked Bond Markets Sent Traders Scrambling for Exits
Bloomberg Volatility in the U S Treasury market appears to have forced traders out of what just a week ago appeared to be surefire wagers on higher yields and a flatter curve Flight to quality as U S stocks slumped pulled the 10 year note s yield from a four year high of 3 259 percent on Tuesday to as low as 3 ...
JPM
Gold Prices Rise Again as Weak ADP Reinforces Risk Aversion
Investing com Gold prices edged higher again on Wednesday on continued demand for haven assets in the face of collapsing bond yields and falling stock prices By 10 40 AM ET 1440 GMT gold futures for delivery on the Comex exchange were up 0 9 at 1 502 65 a troy ounce having risen as high as 1 504 15 after a w...