Fed

Morgan Stanley (MS) Falls After WSJ Report on Multiple Regulatory Probes into Wealth Management Business – Hagens Berman

Retrieved on: 
Monday, April 22, 2024
Federal Reserve, Risk, Treasury, Federal, Risk management, Fed, Hagens Berman, WSJ, OCC, SAN, Person, Cryptocurrency

SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Morgan Stanley (NYSE: MS) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, April 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Morgan Stanley (NYSE: MS) investors who suffered substantial losses to submit your losses now .
  • “We are investigating whether Morgan Stanley may have potentially put wealth-management growth ahead of its compliance and internal control responsibilities,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .

Unlimited Launches New “Hedge Fund Barometer” to Track Performance and Positioning of the Global Hedge Fund Industry

Retrieved on: 
Wednesday, April 17, 2024
Hedge fund, Sector, Gold, Machine learning, Data analysis, Geography, CMBS, Fed, CIO, ETF, Intuition, Financial services

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Unlimited, an investment firm and ETF sponsor that uses proprietary technology to provide low-cost alternative strategies to a wide variety of investors, today announced the launch of “The Unlimited Hedge Fund Barometer,” a new quarterly report and data analysis tool that harnesses Unlimited’s technology to provide a near-real time picture of where hedge funds are investing.

Key Points: 
  • Unlimited’s Barometer uses powerful machine learning technology and multiple data sources to track performance metrics for the major hedge fund strategies.
  • It also provides a near-real time view into how hedge funds are positioned across major asset classes, industry sectors and geographies.
  • “Our new Barometer aims to give market participants a more comprehensive and current picture of the hedge fund industry,” said Bob Elliott , CEO and CIO of Unlimited.
  • In this quarter, hedge funds:
    Significantly increased their bets on U.S. equities, with financials and homebuilders experiencing the most bullish sentiment.

Q2 Update to the 2024 Economic Outlook Forecasts 2.2% Expansion in Equipment and Software Investment, 2.3% GDP Growth

Retrieved on: 
Wednesday, April 17, 2024
Momentum, Aircraft, Ship, Small business, Federal Reserve, Equipment, Q2, Software, Lease, Partnership, Public policy, GDP, Fed, Computer, Mining, Economic Outlook, Growth, Renewable energy

Real equipment and software investment growth is projected to be 2.2% in 2024, with activity expected to pick up in the latter half of the year.

Key Points: 
  • Real equipment and software investment growth is projected to be 2.2% in 2024, with activity expected to pick up in the latter half of the year.
  • The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor , which is released in conjunction with the Economic Outlook, tracks 12 equipment and software investment verticals.
  • The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research.
  • The Q2 report is the first update to the 2024 Economic Outlook, and will be followed by two more quarterly updates before the publication of the 2025 Economic Outlook in December.

Morgan Stanley (MS) Falls After WSJ Report on Multiple Regulatory Probes into Wealth Management Business – Hagens Berman

Retrieved on: 
Monday, April 15, 2024
Federal Reserve, Risk, Treasury, Federal, Risk management, Fed, Hagens Berman, WSJ, OCC, SAN, Person, Cryptocurrency

SAN FRANCISCO, April 15, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Morgan Stanley (NYSE: MS) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, April 15, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Morgan Stanley (NYSE: MS) investors who suffered substantial losses to submit your losses now .
  • “We are investigating whether Morgan Stanley may have potentially put wealth-management growth ahead of its compliance and internal control responsibilities,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • For more information, call Reed Kathrein at 844-916-0895 or email [email protected] .

CNB Financial Corporation Reports First Quarter 2024 Results

Retrieved on: 
Monday, April 15, 2024
Discount window, Sale, Small business, Federal Reserve, Investment, Corporation, FHLB, Treasury, Element, Policy, CNB, Paycheck Protection Program, Federal, PPP, Environment, Classification, CCNE, Fed, Advertising, Absorption, GAAP, Growth, Bank

CLEARFIELD, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2024.

Key Points: 
  • CLEARFIELD, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2024.
  • The level of adjusted uninsured deposits at March 31, 2024 was approximately 5.60% lower than the prior quarter end's level.
  • At March 31, 2024, the average deposit balance per account for CNB Bank was approximately $33 thousand.
  • At March 31, 2024, the Corporation had $259.5 million of cash equivalents held in CNB Bank’s interest-bearing deposit account at the Federal Reserve.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Morgan Stanley and Encourages Investors with Losses to Contact the Firm

Retrieved on: 
Friday, April 12, 2024
Federal Reserve, Comptroller, Risk, The Wall Street Journal, Morgan Stanley, Suite, Federal, Department of the Treasury, Michael J. Hsu, Fed, Currency, Ethics, Journal, Security (finance)

LOS ANGELES, April 12, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley (“Morgan Stanley” or “the Company”) (NYSE: MS ) for violations of the securities laws.

Key Points: 
  • LOS ANGELES, April 12, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley (“Morgan Stanley” or “the Company”) (NYSE: MS ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • Morgan Stanley is the subject of a Wall Street Journal report published on April 11, 2024.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

CoBank Quarterly: Sticky Inflation Puts Federal Reserve on the Horns of a Dilemma

Retrieved on: 
Thursday, April 11, 2024
Knowledge, Leg, Consumer, Investment, AI, Research, Growth, House, E85, Farmer, Senate, AG, Legislation, Food, Francis Scott Key, Ethanol, Grain, Congress, Soybean, Cheese, Federal Reserve, Iowa State University, Class, Hand, Plant, Restaurant, Steel, Corn oil, Ministry of Labour, Gasoline, El Niño, EPA, Natural gas, Heat, Artificial intelligence, USDA, Henry Hub, Pressure, Ivory, Policy, Electricity, History, Butter, Cotton, Infrastructure, Representative, Fed, Foodservice, Agriculture

While inflation rates are trending in the right direction, they remain higher than ideal.

Key Points: 
  • While inflation rates are trending in the right direction, they remain higher than ideal.
  • The Federal Reserve has assured interest rate cuts are coming this year.
  • “Inflation is proving to be more difficult to tamp down than expected,” said Rob Fox , director of CoBank’s Knowledge Exchange.
  • To date, neither the House of Representatives nor the Senate Agriculture committees have released text to reauthorize the farm bill.

Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification

Retrieved on: 
Thursday, May 2, 2024
Technology, Payments, Finance, Security, Fintech, Banking, Professional Services, Software, Internet, Fed, Friction, FedNow, B2B, API, RTP, Fraud, Cryptocurrency

The new technology, launched in October 2023, makes it easy for businesses and banks to verify the status of any type of bank account.

Key Points: 
  • The new technology, launched in October 2023, makes it easy for businesses and banks to verify the status of any type of bank account.
  • Failed payments cost the global economy over $100B each year , a problem Verify solves by completing bank account verification within 15 seconds.
  • “Verify gives businesses an edge, with instant verification that enables faster, more accurate transfers and guarantees payments arrive at the intended account, safely.”
    Validates Account Status instantly, determining whether a bank account is open, valid, and able to receive payments – fulfilling Nacha requirements.
  • Orum has built new technology that leverages the Fed Now and RTP payment rails to provide real-time account information to businesses.

Redfin Report: For the First Time in Nearly 2 Years, There’s No Major American Metro Where Home Prices Are Falling

Retrieved on: 
Thursday, May 2, 2024
Online Retail, Other Construction & Property, Retail, Residential Building & Real Estate, Construction & Property, Fed, Sale, Love, News, Housing, Real estate

That’s according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

Key Points: 
  • That’s according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
  • Mortgage rates also continued climbing, with the weekly average hitting its highest level in five months.
  • High prices and rates drove the median monthly housing payment to a record $2,890, up 15% year over year.
  • It’s followed by Detroit (14.9%), San Jose, CA (13.6%), West Palm Beach, FL (13.4%) and New Brunswick, NJ (12.8%).

Northern Trust Pension Universe Data: Canadian Pension Plan Returns Concluded the First Quarter With an Upbeat Tone Buoyed by Rising Stock Markets

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Data Analytics, Finance, Asset Management, Banking, Personal Finance, Universe, Corporation, LPR, Consumer, Real estate, St Jude's GAA, International, Federal Reserve, Information technology, European Central Bank, Policy, Bank, Population growth, ECB, Friction, Energy, Federal, MSCI, Growth, Bank of Canada, Weakness, Public utility, Reserve Bank, CAD, Optimism, Health care, Fed, Fixed income, Boj, BOC, RBI, Global Industry Classification Standard, People's Bank of China

The first quarter of 2024 was dominated by macro-economic data flows, with particular focus on inflation and its salient components.

Key Points: 
  • The first quarter of 2024 was dominated by macro-economic data flows, with particular focus on inflation and its salient components.
  • The first quarter of 2024 witnessed some bumpy days in the financial markets driven by uncertainty surrounding the timing of monetary easing.
  • Emerging markets witnessed positive returns for the quarter, but lagged results observed by developed markets.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, declined -1.2% for the quarter.