Merrill Lynch

China volatility darkens 2018 investment outlook

December 10, 2017<p>From a potential economic slowdown to a clampdown on debt, analysts are pointing to clouds forming on China’s horizon.<p>In the past …

Economy

Will the shift out of tech into financials last?

December 10, 2017<p><i>Here are the major talking points for investors as a new trading week dawns.</i><p>Does the switch out of tech into financials look to be a …

Economy

EX-UVA coach, his wife suffered losses in fraud case

Two years ago, Danny Wilmer looked forward to a peaceful retirement on 55 acres of rolling Piedmont with a pond, some woods and his modest brick …

Business

Fitch Upgrades Philippines in Win for Duterte's Economic Plans

Fitch Ratings raised the Philippines sovereign rating in a boost for President Rodrigo Duterte’s economic plans, which include a tax reform that’s …

Economy

Fines levied by the City watchdog have rocketed tenfold over the last year to almost £230m

The value of fines handed down by the City watchdog in 2017 has increased more than tenfold year-on-year to £229.4m, new figures reveal.<p>This is the …

Rio Tinto

UK financial watchdog’s fines increase tenfold

Caroline Binham in London<p>December 11, 2017<p>Fewer but heavier penalties on companies have caused a tenfold increase in the level of fines meted out in …

Jes Staley

Bonus talk: offshore revenue to prop up local pools

It's the most wonderful time of the year for bankers.<p>And this year is expected to be a little more wonderful than the past few.<p>After a few years of …

Finance

Obama still doesn’t get it – optimism, not whining, grows an economy

Poor President Obama. He doesn’t think he’s getting enough credit for today’s booming economy.<p>Speaking at a conference of mayors in Chicago recently, Mr. Obama said, “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.” After a dramatic …

Economy

Bitcoin futures launch sparks excitement, warnings

New York (AFP) - Bitcoin will make its debut on a major exchange Sunday, a landmark for the cryptocurrency that has generated enthusiasm among some …

JP Morgan Chase

UK stocks slip down world league table

British stock markets are on track to be the worst performer in the developed world this year, as analysts warn that record-breaking levels in the US could crash in 2018.<p>After a bumper 2016 when the UK’s biggest 100 stocks climbed 14pc in value, the FTSE 100 has eked out a measly 3.5pc gain in 2017 …

Business

The ages people are happiest with their money, their looks, and their life, in one chart

REUTERS/Nacho Doce<p><b>Researchers have measured when people are the happiest with their money, their looks, and their lives.</b>• <b><br>Most people reported their highest levels of happiness in their late 60s and older.</b>• <b><br>People were the least happy in their 50s.</b><p>What does it take to be happy?<p>For the majority of …

Self-improvement

A tale of three central banks

FRANKFURT (Reuters) - Three central banks, meeting on both sides of the Atlantic, will highlight the diverging fortunes of the world's biggest economies as they head into 2018 after an exceptionally tranquil year.<p>While the growth cycle in the United States may be close to peaking, the euro zone is …

Economy

Are You Ready For The January Correction?

There's an imminent correction coming soon. Merrill Lynch says so. Morgan Stanley says so. Vanguard said so. And, I say so.<p>Read the moving factors …

Business

Bitcoin is a hot mess, and the new futures contracts could be D.O.A.

Bitcoin prices are booming, but the market is a hot mess right now. The cryptocurrency soared as high as $19,230 Thursday, according to one exchange …

Bitcoin

How Charles E. Merrill Jr. Found His Way as an Educator

The two sons of Charles E. Merrill, founder of the Merrill Lynch securities firm, faced the same test: how to emerge from the shadows of a domineering father.<p>James Merrill solved the problem neatly by becoming a poet and winning a Pulitzer Prize. Charles E. Merrill Jr., the older half-brother of …

Playwrights

Broadcom Ltd (AVGO) Q4 2017 Earnings Conference Call Transcript

AVGO earnings call for the period ending September 30, 2017<p><b>Broadcom Ltd</b> (NASDAQ:AVGO)<br>Q4 2017 Earnings Conference Call<br>Dec. 6, 2017 <i>5:00 p.m. ET</i><p>Contents:<p>…

Markets

U.S. tax repatriation plan may not cure long-term dollar weakness

NEW YORK (Reuters) - Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound.<p>The plan, designed in part to give U.S. …

Economy

45 Great Moments in Black Business – No. 21: How Loop Capital Beat Wall Street Giants In $1 Billion Deal

<i>This year</i> BLACK ENTERPRISE <i>celebrates the 45th anniversary of its roster of the nation’s largest black-owned businesses—</i>The BE 100s. <i>To commemorate the</i> …

Finance

Weekend Reading for Financial Planners (December 9-10) 2017

Executive Summary<p>Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the “leaked” …

Finance

BANK OF AMERICA: GOP tax reform is going to give the dollar a boost

• <b>The dollar has fallen 8% this year against a basket of other G10 currencies.</b>• <b><br>But it's poised for a rebound in 2018 if the GOP tax plan passes, according to Bank of America Merrill Lynch. Right now, the market is pricing in "almost nothing" on taxes.</b>• <b><br>Tax cuts would lift economic growth, prompting the</b> …

Economy

WSJ City: Markets Cheer Brexit Divorce Deal, Confronting The Brutal Trade-offs, German Coalition Talks Back on

Good morning from the WSJ City desks in London. Be the first with high-value stories. Download WSJ City on your mobile and let us keep you in the loop from 6am. The WSJ City app. Upwardly mobile. iPhone and Android. Your friends and colleagues can sign up to this newsletter here.<p>MUST READS FROM WSJ …

Business

Home Depot just showed who will gain the most from corporate tax cuts

With unemployment low and demand for new homes high, a company like Home Depot could be spending most of its surplus billions on raises for workers or the rollout of new stores.<p>Instead, the world’s largest home improvement chain this week announced that it is using $15 billion to buy back shares of …

Home Depot

UPDATE 2-Oil prices steady as Chinese demand counters stronger dollar

* Dollar has gained 0.8 pct in December<p>* Strong Chinese imports support crude<p>* Global 2018 demand growth seen at 1.5 mln bpd - Jefferies (Adds 2018 …

Oil

Market Decode: Some Surprising Ways to Invest in Tech

As the chart below shows, since the start of 2009, global technology stocks have performed better than the market over all, attracting a great deal of investor interest along the way.1 But the benefits of tech are also having a strong ripple effect on more “traditional” areas of the economy. And …

Investing

CNL Financial Group's CEO Tom Sittema resigns

Thomas K. Sittema, the CEO of CNL Financial Group, is resigning after ten years with the financial company based in downtown Orlando. He had been …

Orlando

The markets believe in Goldilocks

ANOTHER week, another record. The repeated surge of share prices on Wall Street is getting monotonous. The Dow Jones Industrial Average has passed …

Economy

Curb Your Enthusiasm: Wall Street Sees Muted 2018 Credit Returns

The easy-money days are coming to an end, Wall Street credit strategists say. And they mean it this time.<p>After an unprecedented run, where clipping …

Economy

Assessing the Health of China's Economy

December 8th, 2017, 2:29 AM UTC<p>Helen Qiao, chief greater China economist at Bank of America Merrill Lynch, discusses China's trade data and her …

Business

European credit boom likely to endure into 2018

December 8, 2017<p>The European Central Bank may be slowing its pace of bond purchases next year but few are predicting any slowdown in the torrid pace …

Economy

Outlook turns murkier for US small-cap stocks

Nicole Bullock in New York<p>December 7, 2017<p>Small companies are consistently named as a clear winner from plans to cut US corporate taxes. But the …

Finance