Banking & Financial Services News on Business Daily

The AAA Foundation for Traffic Safety has released its 2023 American Driving Survey, offering insights into U.S. daily driving trends post-COVID-19 pandemic. The survey indicates that overall driving patterns have largely returned to pre-pandemic levels.

E*TRADE from Morgan Stanley today released 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.

Pump prices continue to fall, though the decline has slowed, with a reduction of just two cents to $3.36 over the past week. The slight increase in gas demand may be attributed to end-of-summer travel. Additionally, a developing storm system in the Atlantic could impact gas prices.

Two properties have been newly awarded the prestigious AAA Five Diamond designation. Montage Healdsburg in Healdsburg, California, and Cocina de Autor in Cabo San Lucas, Mexico, have earned the highest distinction from the AAA Diamond Program for their luxurious surroundings, unparalleled service, and high-end cuisine. Additionally, this month saw 10 hotels and two restaurants join the AAA Four Diamonds list. Four Diamond properties are recognized for offering upscale amenities and distinctive fine dining.

The national average for a gallon of gas has dropped by six cents to $3.38, a price point last seen on March 6. In contrast, the national average for Level 2 (L2) commercial electricity has remained steady over the past month.

Advance Auto Parts Announces Sale of Worldpac to Carlyle for $1.5 Billion

Amica Mutual Insurance Company Joins Triple-I as Its Latest Member

Global investment firm Carlyle (NASDAQ: CG) has announced an agreement to invest in SEIDOR, a leading technology services and solutions consultancy. The financial terms of the transaction were not disclosed.

Management consulting firm Bain & Company has released its "Searching for Momentum: Private Equity Midyear Report 2024." The report reveals that private equity continued to decline during the first half of 2024, with few signs of momentum.

A BNY Mellon white paper explores the retailization of alternatives in major markets. It also highlights possible solutions to allow retail investors to take advantage of alternative investments.

WASHINGTON, DC (Aug. 19, 2024) – This year’s record-breaking summer travel season concludes with many Americans exploring Alaska by cruise. According to AAA booking data, Seattle is the number one Labor Day weekend destination, up nearly 30% from last year when it also topped the list. Anchorage and Juneau are also among the top ten Labor Day destinations.

The national average for a gallon of gas has reached $3.44, falling by just a penny since last week. Meanwhile, the national and state averages for Level 2 (L2) commercial electricity have remained unchanged over the past two weeks.

Morgan Stanley today declared a regular dividend on the outstanding shares of several preferred stock issues.

Baxter International Inc. and Carlyle have entered into a definitive agreement for Carlyle to acquire Baxter's Kidney Care segment, to be named Vantive, for $3.8 billion. The transaction is expected to close in late 2024 or early 2025, subject to regulatory approvals and other conditions.

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.