City Fargo, county Wells Financial News
02.11 / 21:43
Provident
Maxim
Aware
SEC
economy
2020
SEC keeps up pressure on firms’ cash sweep accounts
With the Securities and Exchange Commission teeing up an inquiry into another giant firm’s cash sweep business, this time that of Wells Fargo & Co., securities attorneys said there is plenty for registered investment advisors connected to broker-dealers and banks to worry about if they’re falling short on telling clients how they manage their cash.
02.11 / 06:57
02.11 / 02:43
Target
Manufacturing
economy
Experts
show
track
Dollar tracks Treasury yields lower as Fed stays on hold
Treasury yields as markets grew more convinced the Federal Reserve was done with its aggressive monetary policy tightening cycle after it left rates unchanged. The Fed on Wednesday held interest rates steady as widely expected, as policymakers struggled to determine whether financial conditions may be sufficiently tight to control inflation. However, Fed Chair Jerome Powell acknowledged that a recent market-driven rise in Treasury bond yields, home mortgage rates and other financing costs could have their own impact on the economy as long as they persist. The decision lifted sentiment in Wall Street, which spilled over into the Asia day, giving a small boost to the risk-sensitive Australian and New Zealand dollars. The Aussie rose 0.5% to a three-week high of $0.6426, while the kiwi similarly jumped more than 0.5% to hit a two-week top of $0.58825. The dollar edged broadly lower alongside U.S. Treasury yields which touched multi-week lows in early Asia trade.
31.10 / 11:39
Target
CEO
awards
show
performer
Department
analyst
Wells Fargo analyst questions Morgan Stanley’s $20M bonuses
Morgan Stanley’s decision to award $20 million special bonuses to its runners-up for chief executive officer points to a governance risk, raising questions about their commitment to the company, according to Wells Fargo & Co. analyst Mike Mayo.
28.10 / 00:03
27.10 / 16:27
27.10 / 16:05
25.10 / 07:47
Abrdn
People moves
Manager duo steps down from abrdn Global Innovation Equity as part of reshuffle
Jamie Mills O’Brien continues to manage the Global Innovation Equity fund.
25.10 / 07:47
People moves
fixed income
Former Wells Fargo AM head of fixed income EMEA resurfaces as Impax bond chief
Ross Pamphilon (pictured), joins Impax Asset Management as its head of fixed income.
24.10 / 14:11
People moves
fixed income
Impax AM poaches from Wells Fargo for head of fixed income
Ross Pamphilon (pictured), joins Impax Asset Management as its head of fixed income.
24.10 / 12:45
UPS
Citi
reports
Spotify moves higher as investors digest results, outlook; Analysts react positively
(Updated — October 24, 2023 8:32 AM EDT)
23.10 / 14:23
Ford
President
cover
reports
GM, Ford slip after UAW warns of more walkouts, analysts say deal is close
(Reuters) — Shares of U.S. automakers Ford Motor (NYSE:F) and General Motors (NYSE:GM) slipped about 1% each in morning trade on Monday after the United Auto Workers (UAW) union warned of more walkouts unless a new labor deal is reached.
23.10 / 11:41
COST
Booking
Citizens
pandemic
Shell
KeyCorp
Smaller Banks Look to Shrink Their Way Back to Health
Regional banks have shelled out more and more to depositors to get them to stick around. For many, that still hasn’t been enough. After an ugly third quarter, banks rolled out plans last week to try to shrink themselves back to health.
23.10 / 11:27
UPS
Strategy
economy
ICE
Nov
track
NOT
Why Treasuries are not the ‘world’s safest asset’ right now
A surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say.
23.10 / 08:43
Citi
Art
Booking
Waters
Parke
Morningstar
gatherings
Super fund QSuper hands back keys to NYC office tower
Industry super fund QSuper handed back the keys to a prime New York City midtown office tower after its investment went under water just 2½ years after valuing the asset at $US540 million ($855 million) on its books.
22.10 / 04:09
Citi
Manufacturing
Strategy
economy
ICE
Nov
Bill
Wild treasuries swings just starting as bond traders ‘buckle up’
Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say. Dubbed the “world’s safest asset,” Treasuries have proven anything but recently as dramatic moves in yields become an almost daily occurrence.
19.10 / 14:01
Target
Nike
Fortinet
performer
reports
analyst
Foot Locker stock sliding on Goldman downgrade: 4 big analyst cuts
Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Foot Locker, Canada Goose, Fortinet , and Graphic Packaging Holding.
19.10 / 12:53
COST
UPS
Waves
Manufacturing
Netflix
Tesla
reports
fall
Tesla, Foot Locker, Canada Goose fall premarket; Netflix rises
Investing.com — U.S. futures steadied Thursday after the previous session’s losses, as investors awaited a key speech from Fed chair Jerome Powell for clues towards future monetary policy.
19.10 / 10:13
Citi
Booking
economy
Remark
show
reports
gatherings
US economy little changed in recent weeks: Fed's Beige Book
Wells Fargo Advisors SVP Mark Smith reveals which stock market sectors are poised to break out on 'Making Money.'
18.10 / 13:21
COST
Provident
Lowe's
Fox
economy
Department
Housing starts rebound in September amid spike in mortgage rates
Washington Examiner columnist Tiana Lowe Doescher and FOX Business' Lydia Hu join 'Making Money' host Charles Payne to discuss the impact of the housing crisis on young people.
18.10 / 13:17
Lowe's
FIVE
economy
show
reports
Department
US single-family housing starts rebound sharply in September
WASHINGTON (Reuters) — U.S. single-family homebuilding rebounded sharply in September, boosted by demand for new construction amid a dearth of previously owned homes, but the highest mortgage rates in nearly 23 years could slow momentum.
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