Banking & Financial Services News on Business Daily

Apr 5 2024Nationwide has released its 2023 Corporate Sustainability Report, emphasizing its dedication to sustainability across various aspects of its operations. The report showcases the company's progress in key areas such as Communities and Giving, Diversity, Equity and Inclusion, Environmental Sustainability, and Ethics and Governance.Mark Howard, Nationwide's Chief Legal Officer, expressed the company's commitment to its mission, stating, "Nationwide has evolved significantly over the decades, broadening solutions and services while remaining committed to its...

WASHINGTON, D.C. (April 4, 2024)—Despite ominous overseas news, a pop in domestic gasoline demand, and oil prices rising to the mid-$80s per barrel, the national average for a gallon of gas climbed just three pennies to $3.56 since last week.“Renewed Ukrainian attacks on Russia’s oil infrastructure and increasing tension in the Middle East spiked oil prices recently,” said Andrew Gross, AAA spokesperson. “And with the cost of oil accounting for roughly 60% of what we pay at the pump, there will likely be some upward pressure on prices.”For the complete report, including...

Nationwide has been recognized on Fortune’s 100 Best Companies to Work For list for the tenth year in a row, securing the 21st spot in 2024. The annual list serves as a national benchmark for companies that excel in performance and provide exceptional employee experiences.Nationwide's CEO, Kirt Walker, attributes the company's continued success on the list to its inclusive culture, commitment to employee upskilling, and flexible work environment. Walker emphasized, "Our caring culture allows us to deliver on our mission, while also extending that care to the communities...

AAA has announced the winners of the 2024 Car Guide, with electric vehicles dominating the rankings. Megan McKernan, the Automotive Research Center manager at AAA, highlighted the popularity of SUVs among consumers, stating, “SUVs are a popular choice since they are a great option for families and offer loads of additional compartments for storage.”The 2023 Mercedes-Benz EQS 580 4MATIC SUV emerged as the overall top scorer, best large SUV, and best car over $60k. McKernan praised the Mercedes-Benz for its comfortable ride, quiet cabin, and excellent headlight coverage....

ST. JOHNS, Fla., April 4, 2024 -- A very active tropical cyclone season is projected for 2024 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science.Led by senior research scientist Phil Klotzbach, Ph.D., also a non-resident scholar at the Insurance Information Institute (Triple-I), the CSU Tropical Meteorology Project forecasts 23 named storms, 11 hurricanes and five major hurricanes during the 2024 season, which starts on June 1 and continues through Nov. 30. A typical Atlantic season has 14...

Montreal - Morgan Stanley hosted the 2024 Montreal Code to Give Hackathon, where university students developed innovative technology solutions for nonprofits Le Chaînon and the Quebec Coalition of Orphan Diseases. The winning projects will now be further developed by Morgan Stanley technologists through the Technology Changemakers program.Madeline Hutchinson, Global Head of Technology Philanthropy at Morgan Stanley, expressed excitement about the prototypes developed during the hackathon. She stated, "Code to Give provides the next generation of technologists with a...

Montreal - Morgan Stanley has announced the winning projects of the 2024 Code to Engage hackathon benefiting Le Chaînon and the Regroupement québécois des maladies orphelines (RQMO).Over 120 university students participated in the hackathon to develop innovative technological solutions aimed at addressing the urgent challenges faced by organizations on a daily basis. The technologists at Morgan Stanley will now transform the prototypes presented by the students into final products for these organizations as part of the firm's Technology Changemakers program."Code to...

NORTHBROOK, Ill., April 3, 2024 – The Allstate Corporation (NYSE: ALL) has announced that they will be hosting a conference call and webcast on Thursday, May 2, 2024, at 9 a.m. Eastern to discuss their first quarter 2024 earnings.In a statement, The Allstate Corporation stated, "The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. Eastern on Thursday, May 2, 2024, to discuss first quarter 2024 earnings."The company also informed investors that they plan to file a current report on Form 8-K with the Securities and Exchange Commission,...

Nationwide has launched new educational materials to enhance financial understanding for families during Financial Literacy Month in April. According to Amelia Dunlap, vice president of Marketing for Nationwide Retirement Solutions, one of the key challenges many Americans face is getting started with saving for retirement.Dunlap emphasized the importance of early financial education, stating, "Understanding the basics of money management, budgeting, investing, and retirement planning is a critical life skill." Nationwide's initiative includes a financial knowledge quiz,...

New data from Nationwide has highlighted concerning trends regarding distracted driving among both standard and commercial drivers. According to a recent driving behaviors survey, one-third of commercial drivers admit to feeling distracted behind the wheel, with 6 in 10 acknowledging that their peers are using their phones more frequently and driving faster than before.The primary causes of distraction for commercial drivers include using GPS/Nav systems, responding to work text messages, talking on mobile phones, and checking social media apps. Many of these actions are...

Morgan Stanley Capital Partners has announced the acquisition of Resource Innovations, a leading tech-enabled services company focusing on energy efficiency and sustainability. The acquisition involved MSCP acquiring a controlling interest in the company from BV Investment Partners and other shareholders. Founder Lauren Casentini will continue to lead Resource Innovations as the Chief Executive Officer.Resource Innovations, headquartered in the San Francisco Bay Area, provides advisory services, program management services, and software to utility, government, and...

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.The study provides valuable insights into the market trends, as highlighted by E*TRADE from Morgan Stanley. The company's analysis reveals significant information about the sector rotation dynamics, offering a glimpse into the behavior of investors within the S&P 500 sectors.As stated by E*TRADE from Morgan Stanley, "The material provided by E*TRADE Securities LLC...

Millions of Americans are eagerly anticipating the upcoming solar eclipse on April 8, a celestial event that is expected to captivate viewers across the country. With businesses located along the path of totality gearing up for potential opportunities and challenges, experts are advising proactive measures to ensure a smooth operation during this unique event.Mark McGhiey, Nationwide’s leader of Commercial Lines Loss Control Services, emphasized the importance of preparation for business owners. McGhiey stated, "There are several steps a business owner should be taking to...

Morgan Stanley Investment Management (“MSIM”), through investment funds managed by Morgan Stanley Infrastructure Partners (“MSIP”), has announced an investment in The Pasha Group to support infrastructure investment in the Hawaii trade. Daniel Sailors, Managing Director for MSIP, expressed excitement about the partnership, stating, “We believe Pasha provides a critical and recurring service to the people of Hawaii and we welcome the opportunity to continue to be a capital partner to the Company going forward.”The Pasha Group, a family-owned maritime transportation...

Morgan Stanley Investment Management has announced that Fetch, a rewards app, has secured $50 million in debt financing from investment funds managed by Morgan Stanley Private Credit. The funding is intended to facilitate Fetch's expansion plans as it seeks to broaden its business operations.

WASHINGTON, D.C. (March 28, 2024)—After an early spring surge, the national average for a gallon of gas spent the past week drifting up and down by a fraction of a cent before settling a penny higher at $3.53. But the break may be temporary, as gas pump prices will likely resume a spring increase."Uncertainty of the impact of Ukraine’s targeting of Russia’s oil infrastructure likely spiked oil prices recently," said Andrew Gross, AAA spokesperson. "But those concerns have abated somewhat for now, and gas prices are settling into a pattern similar to last year when the...

A recent study conducted by the Nationwide Retirement Institute® (NRI) has shed light on the retirement concerns faced by women in the workplace. According to the research, one in four women feel they’re “on the wrong track” for retirement, compared to 15% of men. The study also found that 41% of women hold a negative or neutral outlook on their retirement planning, in contrast to just 29% of men.Cathy Marasco, leader of Protected Retirement for Nationwide Retirement Solutions, highlighted the challenges faced by women in retirement planning, stating, “Women are actively...

Five hotels and one restaurant have recently been added to AAA's prestigious Four Diamonds list, signifying excellence in cleanliness, comfort, cuisine, and consistency. Among the new additions are the Paradox Hotel and the AZUR Legacy Collection Hotel in Vancouver, British Columbia, Canada, as well as the Luminary Hotel & Co. in Fort Myers, Florida. Additionally, the Aguascalientes Marriott Hotel in Mexico and the Hotel Riu Palace Pacifico in Nuevo Vallarta, Nayarit, Mexico have also earned the Four Diamond designation.Mixtli, a restaurant in San Antonio, Texas, has also...

The use of All-Terrain Vehicles (ATVs) and Utility Task Vehicles (UTVs) has been on the rise in U.S. farms, proving essential for various tasks such as inspecting crops and livestock and transporting supplies. This surge in popularity is mirrored by the powersports industry's growth, with expectations to almost double in market value to $69 billion over the next decade.However, along with the increased utilization of these vehicles comes a heightened level of risk. According to the U.S. Consumer Product Safety Commission, over 700 deaths and 100,000 injuries treated in...

Puget Sound Kidney Centers has selected Nationwide Retirement Solutions to provide recordkeeping and education services for its 403(b) deferred retirement contribution plans, which boast over $25 million in assets under management and around 440 plan participants.“Our highest priority when choosing a new retirement services provider was ensuring that our employees have an excellent experience,” said Tom DeBord, President & CEO for Puget Sound Kidney Centers.In addition to recordkeeping and administrative services, Nationwide will offer participants holistic financial...