Banking & Financial Services News on Business Daily

Dan Simkowitz, Co-President of Morgan Stanley, will speak at the Barclays Global Financial Services Conference on September 10, 2024, at 11:15 a.m. (ET).

Falling by just three cents since last week, the national average for a gallon of gas hit $3.45, similar to the price in June. Meanwhile, the national and state averages for Level 2 (L2) commercial electricity remain the same as a week ago.

Cogentrix Platform Consists of 11 Natural Gas-Fired Power Plants, Comprising 5.3 Gigawatts of Efficient and Reliable Capacity Across Key U.S. Markets

Residents of Florida and the Southeast should prepare for the potential impacts of Tropical Cyclone 4, which is forecast to become Tropical Storm Debby later on Saturday and potentially a hurricane before making landfall along Florida’s Gulf Coast on Monday, Aug. 5, according to the Insurance Information Institute (Triple-I).

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.

Washington D.C. (August 1, 2024) – A new study by the AAA Foundation for Traffic Safety reveals the COVID-19 pandemic’s deadly impact on traffic safety in the United States. Researchers at the AAA Foundation found dangerous behaviors like speeding, not using seatbelts, and impaired driving contributed to a significant rise in fatal crashes compared to pre-pandemic times.

The national average for a gallon of gas has decreased by four cents since last week, now standing at $3.48. This decline occurs as a tropical wave with potential to form a storm slowly approaches the Caribbean Sea. If it enters the Gulf of Mexico, oil prices are expected to rise.

Six hotels and two restaurants have recently been awarded the prestigious AAA Four Diamond designation. This recognition is given to properties that offer upscale amenities and distinctive fine dining experiences. AAA Inspectors conduct unannounced visits to hotels and restaurants across North America, the Caribbean, and Costa Rica throughout the year to objectively assess the 4 Cs of AAA Diamonds: Cleanliness, Comfort, Cuisine, and Consistency.

Morgan Stanley at Work has introduced a new pre-login digital website experience aimed at benefits participants, emphasizing benefits education. This initiative addresses the sentiment of 85% of employees and 96% of HR leaders who believe companies should better assist employees in maximizing their benefits.

Investment funds managed by Morgan Stanley Capital Partners (MSCP), the middle-market focused private equity team at Morgan Stanley Investment Management, have acquired American Restoration, a provider of residential and commercial property mitigation and restoration services. MSCP is partnering with the current management team led by CEO Dan Tarantin, who will continue to lead the business.

The national average for a gallon of gas has seen a marginal increase, rising by two cents to $3.52 since last week. The average price has remained around $3.50 per gallon since June 26.

The national average for a gallon of gas has decreased by four cents to $3.50 since last week, according to recent data. This decline is attributed to low demand for gasoline, potentially influenced by high summer temperatures.

Global investment firms Carlyle (NASDAQ: CG) and KKR (NYSE: KKR) announced today that strategic partnerships comprising funds and accounts managed by their respective credit businesses have agreed to acquire a prime student loan portfolio from Discover Financial Services (NYSE: DFS) valued at approximately $10.1 billion.

Morgan Stanley Wealth Management today announced results from its quarterly individual investor pulse survey.

Morgan Stanley has announced its second quarter results for 2024. A conference call to discuss the outcomes will be held on July 16, 2024, at 9:30 a.m. (ET). Both live and on-demand versions of the webcast will be available in the Investor Relations section of Morgan Stanley's website.

NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs has been driven by a combination of increasing natural catastrophe losses and extraordinary inflation following COVID-19, according to the Insurance Information Institute’s (Triple-I) latest Issues Brief. Triple-I also noted that legal system abuse is contributing to the cost increases.

Have you ever watched the Olympics on TV and thought to yourself, “I’d love to see the Games in person one day”? You’re not alone. For many people, attending the Olympics is a bucket-list item. Nowadays, more travelers, especially young people, are willing to go the extra mile for a live event. If you’re ready to stop dreaming about it and start making it happen, consider these tips from AAA.

ORLANDO, Fla. (July 11, 2024) – AAA has announced the recipients of the Service Providers of Excellence and the Best in Auto Repair awards for 2024. These awards recognize outstanding AAA Service Providers and AAA Approved Auto Repair facilities across the nation. A panel of experts from AAA evaluated over 142 nominations for both awards, considering criteria such as member satisfaction performance targets, service quality, and community contributions.

NEW YORK, July 11, 2024 – Favorable first-quarter economic and underwriting results for property/casualty insurance align with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to the latest forecasting report from the Insurance Information Institute (Triple-I) and Milliman.

The national average for a gallon of gas rose three cents to $3.54 from last week, according to recent data. This slight increase occurred despite Hurricane Beryl impacting the Texas coast, a record number of July 4th car travelers, and oil prices remaining above $80 per barrel.