Author: super@dmin
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Mutual Funds Weekly: Why Lyft and other coming IPOs aren’t worth the gamble
Lyft’s IPO paves the road for other privately held, highly valued companies to go public — and it’s best to hold off buying.
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Asia Markets: Asian stocks advance as U.S., China resume trade talks
Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing.
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The Wall Street Journal: Colm Kelleher, Morgan Stanley’s No. 2 executive, to retire
Morgan Stanley’s second-in-command, Colm Kelleher, is retiring, opening a seat whose filling will signal the Wall Street firm’s likely heir apparent.
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Market Extra: Warren Buffett endorsed Tim Sloan ‘100%’ — minutes later, the Wells Fargo CEO retired
An endorsement from one of the greatest value investors of our generation, and a big owner of shares in Wells Fargo, usually is worth its weight in gold.
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Bond Report: 10-year Treasury yield lifts off 15-month low after bond auction
Treasury yields mostly rise Thursday, lifting off from session lows, following an auction of short-dated government bonds
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Currencies: Dollar climbs to 3-week high as final fourth-quarter GDP estimate lowered
The U.S. dollar on Thursday strengthens across the board against its G-10 and emerging market rivals, with bulls shaking off a cut in the final reading of fourth-quarter gross domestic product.
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The Tell: Here’s what’s propping up the dollar as bond yields are crashing
The U.S. dollar is on track for a third weekly gain in a row, maintaining strength even as Treasury yields are being squeezed. The driver behind this atypical dynamic? The repatriation of dollars, according to strategists at Morgan Stanley.
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The Tell: ‘Boeing has a lot of work to do, very promptly’ says Buffett
Warren Buffett, the chairman and CEO of Berkshire Hathaway, said that Boeing has a lot of work to do as it looks to repair problems with its embattled line of 737 MAX aircraft.
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The Moneyist: ‘Help! I’m engaged to a money monster’
This man says his girlfriend of 7 years racks up parking tickets and credit-card debt.
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Key Words: Suze Orman wants you to stop ‘peeing $1 million down the drain’
Worried about retirement? Make your own damn coffee. According to financial celeb Suze Orman, perhaps the only thing standing millennial caffeine addicts and millionaire status is that daily latte macchiato.