Merrill Lynch

This Just In: Magna International Stock Upgraded

Magna looks magnificent to Merrill Lynch.<p><i>Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few</i> …

Stocks

Look Past Record-Low Volatility and See Investors Aren't Really Asleep

The gauge tracking volatility in European shares may have just hit its lowest level ever, but that doesn’t mean investors are placid.<p>While the VStoxx …

Business

Health Savings Accounts Explained

WHAT IF YOU COULD GET health insurance coverage and tax benefits, while being able to save for your future, all at the same time? A Health Savings Account (HSA) linked to a high-deductible health plan (HDHP) can do all that. Which may be why, increasingly, companies are offering these accounts as …

Retirement

Fund managers face shortage of European junk bonds

A blockbuster bond buyback by Tesco comes at a pivotal moment for fund managers owning European high-yield debt, with more bellwether companies …

Finance

US shale sector to get another wave of investment, says Total CEO

London — The US shale industry will see another wave of investment as producers are betting strongly against a fall in oil prices, the CEO of Total …

Oil

BAML warns on Chipotle's labor costs

Bank of America Merrill Lynch warns that Chipotle (NYSE:CMG) could miss estimates due to the extra pressure of high labor costs.<p>The firm thinks the …

Business

Tech stocks regain dominance on list of most ‘crowded’ trades – BAML

Investors have once again pointed to bullish bets on the Nasdaq Composite as the most crowded trade on Wall Street, according to a new survey that …

Markets

Asian shares consolidate recent gains as markets ponder Xi’s speech

Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China's Communist Party conference.<p>The twice-a-decade congress is expected to cement the authority of President Xi Jinping, who kicks off the week-long …

Markets

Wind Tre looks to make Europe’s biggest junk bond sale of 2017

Wind Tre is looking to raise the largest European junk bond of the year, as the Italian telecoms company on Wednesday began marketing a much …

Economy

Fund managers are more optimistic than pessimistic about economic conditions for the first time in six years

The number of fund managers globally who are optimistic about macroeconomic conditions has reached a record high of 48 per cent, according to Bank of …

Economy

Netflix Bulls Top Bears: Subs Surge, Forget Cash Burn?

Third quarter earnings from <b>Netflix</b> (NFLX) subscriptions surpassed the consensus, and a number of analysts gushed with optimism Tuesday, but the stock …

Markets

Bond Bulls Virtually Extinct as Goldilocks Outlook Marches On

Bond bulls are firmly in hibernation.<p>Only 3 percent of investors say global yields will be lower in the next year, according to the latest survey of …

Economy

Great Recession scars still leave Americans anxious about spending on the good life - MarketWatch

Are Americans still anxious about their financial future even after eight years of a growing economy? Their hesitation to spend on certain “extras” …

Economy

Lessons from the October 1987 crash

<b>Summary:</b> Three decades ago, global stock markets went into complete meltdown, wiping out the wealth of millions of investors across the world, …

Finance

Why peak gasoline deserves your attention

The short-term outlook for crude prices is bullish according to Merrill Lynch commodity strategist Francisco Blanch. The longer-term view is, well, really complicated.<p>Mr. Blanch recently increased his 2018 price forecast for West Texas intermediate crude, albeit not by much, from $47 (U.S.) to …

Oil

Goldman, Morgan Stanley Gain on Earnings; Spirit Airlines Flies

Stocks are mixed this morning following earnings from <b>Goldman Sachs</b> (GS), <b>UnitedHealth Group</b> (UNH) and others. Industrial production rose 0.3% in …

Markets

WSJ Wealth Adviser Briefing: Brokerage Earnings, Adviser Voice, Dow 23K

Wall Street’s biggest brokerages posted double-digit gains in third-quarter profit as clients continued to move money into fee-based accounts and take on more debt, writes WSJ Wealth Adviser's Lisa Beilfuss.<p>Record revenue in Morgan Stanley ’s wealth-management business helped push earnings 24% …

Finance

Full Show: Surveillance (10/17)

Bloomberg Surveillance<p>October 17th, 2017, 3:50 PM UTC<p>Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Nicolas Petrovic, …

Business

Wells Fargo Starting to Gain Advisors

Wells Fargo has added brokers for the first time in the past year, On Wall Street reports.<p>The firm in the third quarter gained 37 advisors, bringing …

Finance

Oil prices are up as Iraqi and Kurdish fighting threatens supplies

London — Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern …

Oil

The death of the gas-powered car, in one chart - MarketWatch

A global tipping point for electric cars could come as early as 2022, as battery costs decrease and concerns about range and infrastructure …

Electric Vehicles

Illinois sells first $1.5 billion of bonds to pay overdue bills

CHICAGO (Reuters) - Illinois on Tuesday sold the first $1.5 billion of a planned $6 billion of tax-exempt debt in the U.S. municipal market with …

Stock Markets

WSJ Wealth Adviser Briefing: Edward Jones's Trillion, Finra Fine, TD Ameritrade ETFs

Client assets at Edward Jones have surpassed $1 trillion, a milestone that comes as the brokerage competes in recruiting against Wall Street titans like Merrill Lynch and Morgan Stanley, writes WSJ Wealth Adviser's Lisa Beilfuss.<p>Market gains in recent years have helped account balances grow at Wall …

Finance

The Bonds That Tie Shale To Kurdistan - Bloomberg Gadfly

Just like in the summer of 2014, fighting in northern Iraq is sending ripples through the oil market.<p>A lot has changed in the meantime. Back then, …

Business

JSE opens marginally weaker as market consolidates above 58,000

The JSE all share opened flat on Tuesday as the market consolidated above the 58,000 level amid mixed Asian markets after the Dow closed at yet …

Markets

At the open: TSX rises as Bombardier soars, materials drag

Canada's main stock index opened marginally positive on Tuesday as Bombardier Inc stock surged more than 20 per cent after the planemaker announced a CSeries partnership with Airbus, but gains were offset by mining shares, which fell on lower metal prices.<p>The Toronto Stock Exchange's S&P/TSX …

Markets

Palladium hits $1,000 for first time since 2001

The palladium price broke through the $1,000 mark on Monday for the first time since 2001, as a backlash against diesel cars in Europe buoys demand …

Electric Vehicles

Markets, Advisor Growth Helps Merrill Lynch Maintain Performance in the Third Quarter

The wealth unit’s net income was up 10 percent year over year, and client balances hit a record high.

Markets

Are hints of euphoria starting to haunt this stock market rally?

Euphoria is said to be the terminal stage of ageing bull markets. Although there are few signs of uncritical ebullience, investors are finally …

Economy

What you need to know on Wall Street today

<i>Moynihan Chairman of the Board and CEO of Bank of America attends the WEF annual meeting in Davos Thomson Reuters</i><p><b>Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.</b><p>Bank of …

Markets