Author: Money Mechanics

By Tatiana Bautzer NEW YORK (Reuters) – Morgan Stanley is combining two investment banking teams, Global Energy and Global Power and Utilities, into a new Global Power and Energy Group, according to an internal memo sent to the investment banking division on Wednesday, a copy of which was seen by Reuters. The group co-heads will be Jon Fouts and Michael O’Dwyer and the merger of the teams aims to adapt to the changes in the global energy landscape, with accelerating demand for power from both traditional and renewable sources, the memo said. Fouts has been global head of power and…

The small-cap rally just got real. The Russell 2000, America’s small-cap benchmark as tracked by the iShares Russell 2000 ETF IWM, just smashed through old records, hitting 2,470 points on Thursday and topping its November 2024 high. The move came one day after the Federal Reserve cut interest rates by 25 basis points, and hinted that more cuts could be coming soon—a clear green light for small, interest-rate-sensitive companies.Chart: Small Caps Smash Prior Records Set In November 2021 And 2024It’s a notable reversal for a part of the market that’s lagged for much of the post-COVID bull run.But since the…

In the wake of its announcement that Swiss Re is bringing together its insurance-linked securities (ILS) investment management operations under the Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) brand, Artemis spoke with senior executives from the Alternative Capital Partners (ACP) division of the reinsurance company.We spoke with Chris Minter, Head Alternative Capital Partners, and Mariagiovanna Guatteri, CEO and CIO of SRILIAC, to explore what the changes mean and to get their updated views on the ILS opportunity for a global reinsurance company like Swiss Re and how they view the state of the market. In our interview they explained that…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. September 18, 2025 Federal Reserve Board issues enforcement actions with former employee of First Horizon Bank and former employee of Manufacturers and Traders Trust Company For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Consent prohibition order against Jermal McGlown Former employee of First Horizon Bank, Memphis, Tennessee Misappropriation of customer data Consent prohibition order against Rahimlen Dean Former employee of…

By David Enna, Tipswatch.com One day after the Federal Reserve acted to lower short-term interest rates, the Treasury’s offering of $19 billion in a reopened 10-year Treasury Inflation-Protected Security — CUSIP 91282CNS6 — drew surprisingly weak demand from investors. The auctioned real yield to maturity for this 9-year, 10-month TIPS ended up at 1.734%, well above the “when-issued” market prediction of 1.684%. This TIPS had been trading on the secondary market with a real yield of 1.69% just before the auction’s close. Also, the bid-to-cover ratio was a weak 2.20, the lowest in three years for this term. Conclusion: investor…

Top tech names were on the guest list for the banquet thrown for President Trump during his second state visit to the UK on Wednesday.  The banquet seating chart included NVIDIA CEO Jensen Huang; Apple CEO Tim Cook; venture capitalist and White House AI and crypto czar David Sacks; Alphabet and Google president Ruth Porat; Microsoft CEO Satya Nadella; Salesforce CEO Marc Benioff; and OpenAI’s Sam Altman, according to the New York Times. On Thursday, the US and UK signed a partnership called the Tech Prosperity Deal to focus on developing nuclear, AI, and quantum technologies. Google, Microsoft, NVIDIA, and…

(Oil Price) – The fate of Citgo, the jewel in the crown of Venezuela’s PDVSA, may be decided by the end of this week. The Venezuelan state-owned oil company may lose its prized asset. The creditors that fueled the process that led to the auction for Citgo may be left with empty hands, as well. The U.S.-based refining company used to have a total processing capacity of over 800,000 barrels daily, the biggest U.S. outlet for Venezuelan heavy crude. Yet in 2019, amid tightening U.S. sanctions on the government in Caracas, Citgo cut its ties with the parent company and was…

Key Takeaways Hermitage, Johnstown, and Altoona are the top three Pennsylvania towns that made our list of the 50 best places to retire in the U.S. this year. When choosing a retirement destination, factors like cost of living, health care access, and lifestyle amenities play a crucial role. Pennsylvania doesn’t tax pensions, Social Security income, or retirement account withdrawals.  If you’re looking for a place to retire, consider Pennsylvania. It offers an attractive mix of urban and small-town living, affordability, access to quality health care, and proximity to major metros. Earlier this year, Investopedia compiled a list of 50 of the best…

Getting married is not only a major life event, but one with significant financial implications. That’s especially true of second or blended marriages, which often come with added complexities, such as children from prior marriages and financial obligations like alimony or child support on the part of one or both partners.  To get off to the best possible start, couples embarking on a new marriage may want to resolve a few issues even before they head to the altar. Here are some ways to plan for a happy, harmonious, and financially successful future together. Key Takeaways One key to a…

What do increased fraud, significant costs, and operational inefficiencies all have in common? Paper checks. Or, at least, those were the reasons cited when President Trump issued an executive order earlier this year that mandated the federal government cease paper check payments.The IRS, Social Security Administration (SSA), U.S. Department of Veterans Affairs, and other federal government agencies are phasing out physical checks by September 30. But where does that leave you?We’ll cover the ins and outs of what to know before the date approaches — so you can be prepared if you’re still receiving paper checks for tax refunds, Social…