Funds
Oil prices were stable on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories weighed on the market.
Morgan Stanley (MS.N) is exploring a move to Hudson Yards, the vast development site on Manhattan's West Side, The Wall Street Journal reported, citing people familiar with the matter.
Independent brokerage LPL Financial Holdings Inc posted a fourth-quarter profit that surged 56 percent as an increase in advisory assets helped soften the costs of an uncertain regulatory environment.
Oil prices were stable early on Friday, with OPEC-led production cuts supporting the market while soaring U.S. fuel inventories were weighing on crude.
Investors showed an insatiable demand for fixed income during the latest week, handing over the most cash in about seven months to managers of U.S.-based taxable-bond funds, Lipper data showed on Thursday.
The Republican chairman of a key House of Representatives committee has laid out his plan to roll back Wall Street rules and consumer protections conceived after the 2008 financial crisis, a step that will largely define the financial deregulation debate in the Trump era.
The U.S. Labor Department is preparing to delay its controversial Obama-era fiduciary rule on financial advice for 180 days and seek public comment on the rule.
Exchange operator Nasdaq Inc (NDAQ.O) plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters.
A spate of elections this year that threaten to change Europe's course and rattle the continent's largest political bloc and currency is normally the sort of uncertainty that scares away international investors.
A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump's efforts to scale back government regulation.
