Morgan Stanley lowers commissions on ETFs, stocks in brokerage accounts
NEW YORK (Reuters) – Morgan Stanley’s wealth management business said on Monday it is lowering the commissions that brokers earn on stock trades, exchange-traded funds and annuities amid pressure to lower costs for clients.
Budget deal may map U.S. Congress road ahead, via Trump bypass
WASHINGTON (Reuters) – The U.S. Congress, bitterly divided for years along party lines, may be mapping a bipartisan path forward that skirts around President Donald Trump when he refuses to engage constructively with lawmakers, Democrats and some lobby…
Public investments in Trump-operated hotel set dangerous precedent: U.S. senators
WASHINGTON (Reuters) – U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two De…
JPMorgan’s Dimon says biggest fear is bad public policy
LOS ANGELES (Reuters) – Jamie Dimon, the chief executive officer and chairman of JPMorgan Chase & Co , on Monday railed against what he called excessive U.S. regulations and called on Washington to come together to build a more business-friendly economy that supports workers.
Wells Fargo CEO sees benefits to putting employees before shareholders
BEVERLY HILLS (Reuters) – Wells Fargo & Co Chief Executive Officer Tim Sloan said recruiting and retention have improved dramatically in the wake of a sales scandal, as the third-largest U.S. bank has made big changes to how it pays and evaluates employees in its branches.
Fox News co-president Shine resigns as harassment scandal rumbles on
(Reuters) – Bill Shine, co-president of Fox News Channel, has become the latest executive to resign in the wake of a sexual misconduct scandal at the cable channel.
Citadel’s Griffin says he fantasizes about bank breakups
BEVERLY HILLS (Reuters) – Billionaire hedge fund manager Ken Griffin said he is encouraged by recent comments from U.S. officials that the government could move to break up the country’s biggest banks.
Trump says actively considering breaking up big banks: Bloomberg TV
WASHINGTON (Reuters) – U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.
Airbnb, San Francisco settle lawsuit over short-term rental law
SAN FRANCISCO (Reuters) – Airbnb Inc and the city of San Francisco have settled a year-long lawsuit over a local ordinance forbidding the home-rental company from taking bookings from hosts who have not properly registered their homes.
Oil rises as OPEC cuts outweigh higher output elsewhere
LONDON (Reuters) – Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya.
