Banking & Financial Services News on Business Daily

Gasoline prices have fallen by eight cents since last Thursday, now averaging $3.48 per gallon, marking the largest weekly drop of the year.

ORLANDO, Fla. (June 6, 2024) – The most recent annual consumer survey by AAA on Electric Vehicles (EVs) indicates a decline in consumer interest in purchasing EVs. Only 18% of U.S. adults say they would be “very likely” or “likely” to buy a new or used EV (not a hybrid), down from 23% last year. Additionally, 63% cited being "unlikely or very unlikely" to purchase an EV for their next car.

Morgan Stanley (NYSE: MS) has announced its schedule for conference calls to discuss its financial results for the second quarter, third quarter, fourth quarter, and full-year 2024.

From "Adopt a Shelter Cat Month" to "Hug Your Cat Day" on June 4, and the humorous "Cat World Domination Day" on June 24, June celebrates the companionship and joy that cats bring into our lives. It is also an opportune time to expand knowledge about cat care for their optimal well-being.

Morgan Stanley Foundation Announces $8 Million Grant to Feeding America to Address Child Hunger

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.

Carlyle to Present at Morgan Stanley’s US Financials, Payments and CRE Conference

Morgan Stanley announced the winners of its 15th annual Strategy Challenge, a pro bono program designed to assist nonprofits in addressing strategic issues. This year's winners supported Protect All Children from Trafficking (PACT) in the U.S. and Anthony Nolan in the UK.

WASHINGTON, D.C. (May 30, 2024)—The national average for a gallon of gasoline has decreased by five cents since last week to $3.56, marking the largest one-week drop so far in 2024. The primary factors are reduced demand and lower oil prices.

Morgan Stanley at Work today released the results from its fourth annual State of the Workplace Financial Benefits Study, revealing that equity compensation is increasingly popular among employees and HR leaders at both public and private companies. The study indicates that employers view equity as a crucial factor for employee engagement and retention, though there are opportunities to enhance employees' understanding of the financial benefits available through equity ownership.

Allstate declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from April 15, 2024, through July 14, 2024. All the preferred dividends are payable in cash on July 15, 2024, to stockholders of record at the close of business on June 28, 2024.

Morgan Stanley (NYSE: MS) announced today that it has topped Institutional Investor magazine’s All-Asia Research Team annual rankings once again. This achievement marks a new record for the industry, as Morgan Stanley becomes the first bank to maintain the lead position for 10 consecutive years in the Asia survey’s more than 30-year history.

WASHINGTON, DC (May 28, 2024) – Seven hotels and two restaurants have been newly added to AAA’s Four Diamonds list. Each year, AAA Inspectors visit hotels and restaurants across North America, the Caribbean, and Costa Rica to evaluate them based on the 4 Cs of AAA Diamonds: Cleanliness, Comfort, Cuisine, and Consistency.

The national average for a gallon of gasoline has experienced a minor fluctuation since last Thursday, settling one cent higher at $3.61. This stability in pump prices is common in the days preceding Memorial Day. However, with AAA forecasting a record 38.4 million drivers on the road for the long weekend, there is potential for a temporary increase in prices.

Joel Carnes has been named leader of Nationwide Pet, effective immediately. Carnes will report to Juan Jose (JJ) Perez, leader of Nationwide’s Corporate Solutions business. His leadership, entrepreneurial mindset, operational experience, and knowledge of the pet insurance industry qualify him to lead this business line as Nationwide aims to serve more pet families with valuable offerings and services.

Ted Pick, Chief Executive Officer of Morgan Stanley, will speak at the Morgan Stanley Annual U.S. Financials, Payments & Commercial Real Estate Conference on June 10, 2024, at 12:00 p.m. (ET).

Tokyo, Japan – May 21, 2024 – Global investment firm Carlyle (NASDAQ: CG) announced the final close of its fifth Japanese buyout fund, Carlyle Japan Partners V (“CJP V”). The fund raised JPY 430 billion (approximately USD 2.8 billion), inclusive of commitments from the General Partner and its affiliates, hitting the hard cap on Limited Partner commitments. According to data from Preqin, this marks the largest fundraise for a buyout strategy focused on the Japanese market.

Welcoming a new puppy or kitten into your home is a significant event and an opportunity to provide your new pet with a healthy start. Whether you are an experienced pet owner or this is your first pet, having support can be beneficial. To assist in this endeavor, Nationwide® has created the Pet HealthZone®, a free online resource designed to help you care for your new pet. Here is how it can support you in addressing your new pet’s needs.

Sydney, Australia, May 22, 2024 – Global investment firm Carlyle (NASDAQ: CG) and Australian private credit manager amicaa have announced a NZ$140 million debt financing package for New Zealand fuel retailer NPD. The funding will support a management buyout of the family-owned business.

Morgan Stanley Wealth Management announced the season two launches of its award-winning podcasts, "What Should I Do With My Money?" and "Invested at Work."