Finance

Finance

Wells Fargo Sees Second Half as a ‘Grind’ With Elevated Volatility, Low Single-Digit Returns

Wells Fargo Sees Second Half as a ‘Grind’ With Elevated Volatility, Low Single-Digit Returns

Returns for most asset classes are expected to be in the low single-digit area for the second half of the year, with periods of high volatility and potential for “speed bumps” over several domestic and international issues, according to the Wells Fargo Investment Institute. While a Federal Reserve interest-rate cut […]

by × July 22, 2019 × 0 comments

Finance

Close-up photograph of stock market chart

Global Economic Growth Forecasts Slashed by Morgan Stanley

Morgan Stanley lowered its global growth forecasts for this year and next, citing a backdrop of deteriorating corporate sentiment, weak incoming data and lingering uncertainty over trade tensions among contributing factors. The firm revised down its growth estimates by 20 basis points for both 2019 and 2020 to 3% and […]

by × July 1, 2019 × 0 comments

Finance

Nomura Unveils Share Buyback Program

Nomura Unveils Share Buyback Program

Shares of Nomura (NMR, 8604.T) surged on Wednesday after the Japanese brokerage house said that its board has approved a program to buy back up to 150 billion yen of shares ($1.38 billion) while concurrently agreeing to lower the company’s stake in Nomura Research Institute. The repurchase program will run […]

by × June 19, 2019 × 0 comments