Merrill Lynch Bans Bitcoin Trading

Wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency, the Wall Street Journal reported. The ban will keep the firm’s nearly 17,000 financial advisers from suggesting Bitcoin-related investments and advises against client requests to invest… Please follow and like us:

Read More

Brexit threatens 10,000 finance jobs: Bank of England

Some 10,000 UK financial services jobs could move abroad on the first day of Brexit, the Bank of England predicted Wednesday after warnings of up to 75,000 relocations in total. Back in April, the central bank asked British financial companies to draw up contingency plans based on the assumption that Britain would leave the EU with… Please follow and like us:

Read More

Tech Dominates Overweight Stocks List But Guess Which One’s Not On It

This week brings the end of the third quarter, which means that some fund managers may be rebalancing their portfolios for the end of the quarter. Major technology names have long been favorites of active fund managers, and this year has especially been a roaring year for most of them. As a result, it comes as… Please follow and like us:

Read More

Financial Regulation Champ Elizabeth Warren Met With Top Wall Streeters

Democratic Sen. Elizabeth Warren of Massachusetts met with Jamie Dimon this summer after repeatedly targeting the J.P. Morgan CEO in recent years as part of her crusade against the perceived excesses of Wall Street. Warren met privately with Dimon in Washington, D.C., early this summer and attended a Democratic fundraiser held at the summer home of… Please follow and like us:

Read More

After Paying $1 Billion In Interest, IS SNB Going To Shock?

Swiss banks paid nearly $1 billion in negative interest rate fees in 2017, a recent Reuters report notes, pointing to wealthy bank clients largely storing their cash on the sidelines and, thanks to negative interest rates, paying for the pleasure. In fact, the cash levels rival that seen in the wake of the 2008 financial crisis.… Please follow and like us:

Read More

Oil and Gas Stocks Under Review — Chesapeake Energy, Southwestern Energy, Marathon Oil, and Oasis Petroleum

NEW YORK, March 17, 2017 /PRNewswire/ — This morning, Stock-Callers.com takes notes of four Independent Oil and Gas stocks to see how current oil prices have influenced their recent performances. Under assessment are: Chesapeake Energy Corp. (NYSE: CHK), Southwestern Energy Co. (NYSE: SWN), Marathon Oil Corp. (NYSE: MRO), and Oasis Petroleum Inc. (NYSE: OAS). On Thursday,… Please follow and like us:

Read More

Costco Membership Fees To Increase In June

Costco has not been doing well on Wall Street, and those troubles have trickled down to the average Costco customer, as the company announced Thursday it would raise its membership fees starting in June. Beginning June 1, individual members of the wholesale warehouse in the U.S. and Canada see their annual fees increase from $55 to… Please follow and like us:

Read More

Gold Has No Correlation To Stocks Of Any Size

Gold posted its second straight monthly gain in February, the first such time it has done so since the summer, when Brexit-fueled uncertainty shook world markets. In 2017, the yellow metal has now advanced close to 9 percent, cracking the $1,260 an ounce ceiling on Monday for the first time since soon after the November election.… Please follow and like us:

Read More