Morgan Stanley Wealth Management saw fee-based asset flows jump 54% year-over-year, a surge accelerated in part by the wirehouse’s stepped-up recruiting efforts, said CFO Jonathan Pruzan during the firm’s third-quarter earnings call Oct. 15. “We’re seeing Morgan Stanley become the destination of choice for financial advisors,” Pruzan said. Morgan Stanley reported fee-based asset flows of
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Mansions seen along the coast of Palm Beach, Fla. Getty Images Home sales in Palm Beach, the exclusive island retreat of the president and countless billionaires, tripled in the third quarter as the wealthy fled the cities and higher-tax states of the Northeast, according to a new report. “It may be the hottest real estate
Architect and digital twin of a building getty Augmented reality in supermarkets Have you ever wondered why supermarkets don’t offer augmented reality guides to the locations of their products? Instead of criss-crossing the store, hunting for the tomato juice or the paprika, why can’t you upload your shopping list into something like Google Maps and
Price per Atari Token: $0.25 IEO platform has been enabled for prospective purchasers to pass KYC before public sale NEW YORK/ PARIS – October 16, 2020 – Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale of the Atari Token (ATRI). Atari is evolving and envisioning
There was plenty of action in the municipal bond market on Thursday as billions of dollars of bonds were placed into investors’ hands. Municipals traded little changed for most of the day, with yields steady to slightly stronger along the AAA scales. “Muni bonds are posting small gains, helped by the global flight-to-quality move,” ICE
ATLANTA, GA – AUGUST 4: Branch President Raphael Bostic poses for portrait in front of Atlanta, … [+] Georgias Federal Reserve Bank on August 4, 2020. (Photo by Eric Hart Jr. for The Washington Post via Getty Images) The Washington Post via Getty Images The next Treasury secretary will have a mess on her or
After surging to a new all-time high of $2,074 in August of this year, gold has since come back to $1,848 for a low in late September. The precious metal is currently trading at $1,890 spot. Retests of former all-time highs are common in the capital markets. The market is daring buyers to step back
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
It has been an action-packed week so far for pharma giant Johnson & Johnson (JNJ). On Tuesday, the company reported Q3 earnings with results handily beating the estimates. JNJ posted revenue of $21.08 billion, a 1.7% year-over-year increase and higher than the $20.21 billion consensus estimate. Non-GAAP EPS of $2.20 beat the Street’s forecast by
by DCG Seattle Mayor Jenny Durkan announced yesterday that the city is getting ready to address “systemic racism.” It’s going to cost the taxpayers only $100 MILLION. Yet given Seattle’s hi$tory with trying to solve their homelessness problem, you know that amount will go up. The press release is a word salad of progressive lingo: Deep
Gary Guthart, CEO, Intuitive Surgical Scott Mlyn | CNBC Check out the companies making headlines after the bell: Del Taco Restaurants — Shares of Del Taco Restaurants surged nearly 9% after the Mexican restaurant chain reported better-than-expected quarterly earnings. The company posted an earnings per share of 16 cents in the third quarter, beating analysts’
For decades, much of Latin America was a morass of hyperinflation and political instability – hardly the most prudent region of the world in which to conduct business. While Western Europe, the United States, Canada, Japan, South Korea, Australia, New Zealand, and other developed realms continued to benefit from mutual trade, the Spanish- and Portuguese-speaking
CNBC’s Jim Cramer on Thursday advised investors against selling U.S. equities in response to spiking coronavirus cases across European nations. “If you follow what they’re doing and you sell our stocks because of what’s happening right now in France, that’s going to prove to be something that you might regret,” Cramer said on “Squawk on
Several of the most fiercely contested states in the US presidential election showed sharp increases in coronavirus cases on Thursday, pushing the number of infections nationwide to their highest levels since a summer outbreak. Wisconsin, Ohio and North Carolina — which Donald Trump won four years ago but where statewide polling shows Democratic challenger Joe
The Covid-19 treatment remdesivir has no substantial effect on a patient’s chances of survival, a clinical trial by the World Health Organization has found, delivering a significant blow to hopes of identifying existing medicines to treat the disease. Wisconsin reported a record jump in cases on Thursday as it battles to bring a surge in
Cetera Financial Group’s private equity backer is promising the firm’s 8,000 advisors that Genstar Capital is in it for the long haul as an investor. Cetera is “a flywheel; It just keeps getting better and better,” Tony Salewski, a Genstar managing partner and Cetera board member, said at a virtual event for advisors this week.
Courtney Keating | Getty Images Even homeowners with poor credit scores may be able to take advantage of mortgage refinancing options to ease their financial burden amid the coronavirus pandemic. The housing market is one of the only parts of the economy that’s seen a solid rebound during the Covid-19 crisis, thanks in part to
5, IIchester Place, a 7-bedroom house in Kensington, west London, is on sale for $42 million via … [+] Knight Frank AlexWinship Photography Ltd London’s priciest homes are in demand and are selling for nearly their full price despite the pandemic. In London, a total of 56 deals for super-prime $12.9 million-plus properties took place
There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years,
Cook County, Illinois’ proposed $6.9 billion 2021 budget relies on reserves, existing federal relief funds, and job cuts to close a $400 million shortfall due to rising expenses and COVID-19 fiscal wounds. The budget does not cut critical services or raise taxes, although there are some fee increases. New revenue from legalized cannabis sales, online
getty The headline: “State district judge rules part of Houston’s pension reform is unconstitutional.” And the report is a bit of a head-scratcher at first: the firefighters’ pension fund complains that the city is using a lower valuation discount rate than they themselves would have used, which has the effect of increasing the city’s required
Silver prices continue to trade within the consolidation formed by the ascending channel, as the markets look for data that could sway price direction to either resume the correction or continue the uptrend. Tomorrow, the US will release industrial production and capacity utilization data, which could in the near-term, sway sentiment on the industrial metal.
Better not to risk any radical evolution that might fail, and so failure is thus assured... by Charles Hugh Smith via Of Two Minds Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that’s needed to maintain the ship’s course. By
There’s so much going on in the markets, that it’s hard to know where to start and what to look for. On the red side of the ledger, it’s clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying
by confoundedinterest17 (Bloomberg) — Londoners will be banned from mixing with other households indoors and Paris is set for a curfew, as European leaders struggle to cope with record new coronavirus cases around the region. Prime Minister Boris Johnson’s government mandated tighter restrictions in the U.K. capital starting this weekend, while French President Emmanuel Macronwill confine residents of nine
Here are the companies making headlines in midday trading. Roku – Shares of the streaming device maker slid more than 3% after KeyBanc downgraded the company to a “sector weight” rating. The firm said that after the stock’s roughly 40% gain in the last month, the “positive fundamentals appear reflected in [the] share price.” KeyBanc
The time may come when life insurance policy owners want to rid themselves of the policies they own. Maybe they simply no longer want to pay the premium, or they find themselves in a position where they need to access cash due to a major—and often unexpected—expense. Still, others just don’t believe they need the
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
Morgan Stanley closed out Wall Street’s earnings season on a high, with booming markets driving a 25 per cent increase in third-quarter earnings and fuelling the bank’s calls to be allowed to resume share buybacks. The bank posted net income of $2.7bn for the quarter, far better than the $2bn predicted by analysts polled by
First, the good news. With a US presidential election under three weeks away, Facebook and Twitter are working overtime to try to stem the flow of misinformation. Both companies acted quickly on Wednesday against a New York Post article based on information of uncertain provenance that could be highly damaging to the Joe Biden campaign.