Banking & Financial Services News on Business Daily

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.

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.