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☆ Market will become more discriminating as policy priorities come to light, says Lazard's Ron Temple
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket will become more discriminating as policy priorities come to light, says Lazard's Ron TempleRonald Temple, Lazard chief market strategist, joins CNBC's 'Money Movers' to discuss expectations for markets under a new Trump administration, the potential impact of tariffs, and more.

Persons: Ron Temple Ronald Temple, Trump Organizations: Lazard

☆ Two Sigma's new leaders have made their mark with hundreds of job cuts. Here's what could come next for the $60 billion firm.
▼ + stars: | 2024-11-21 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma's billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. Related Video How tech layoffs could affect the economyNo portfolio managers were eliminated, a person close to the manager told Business Insider. AdvertisementThe goal is to be more disciplined as the firm grows going forward, the person close to Two Sigma said. AdvertisementIn this light, the latest cuts could be seen as a clean-up of balance sheet bloat — but the person close to the firm said that a listing has not been discussed in any form.

Persons: Carter Lyons, Scott Hoffman, cofounders, cofounders John Overdeck, David Siegel, Lyons, Hoffman, Lazard's Organizations: Sigma, Business, Bloomberg, shepherding Locations: New York

☆ 'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records
▼ + stars: | 2024-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.

Persons: Donald Trump's, —, Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus

☆ A top mind at JPMorgan Asset Management warns of clear economic red flag after Trump's big win, despite soaring US stocks
▼ + stars: | 2024-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

US stocks had one of their best days in years and hit new records after Trump's resounding win over Kamala Harris in Tuesday's election. Both of those moves make sense, said David Kelly, the global strategy chief at JPMorgan Asset Management, in an interview on Wednesday. AdvertisementThe strategy chief has been adamant that higher tariffs — one of Trump's key proposals — would cripple the US economy and endanger the global economic expansion. Related storiesMost economists condemn tariffs, which are taxes on imports, because they tend to lead to higher prices and lower economic growth. Sean Gallagher, the global head of Lazard's small-cap equity platform, made a similar point in a recent interview with Business Insider when asked about Trump's tariffs and Kelly's stance.

Persons: Stocks, Donald Trump, David Kelly, Wall, he's, —, Donald Trump's, Trump's, Kamala Harris, Kelly, Trump, Mahatma Gandhi, I'm, I've, Tom Orlik, who's, Chris Murphy, Susquehanna's, Orlik, Sean Gallagher, Gallagher, maven, He's, inflation's Organizations: House . Market, Service, Nasdaq, US, JPMorgan Asset Management, Republican, JPMAM, Bloomberg Economics, Business, Trump Locations: Tuesday's

☆ This Wall St CEO is still trumpeting the benefits of WFH
▼ + stars: | 2024-09-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewWork-from-home is working for one top Wall Street firm. AdvertisementThat's resulted in a host of benefits for the firm's workers, Orszag said, adding that he believed WFH allowed its bankers to retain a sense of "agency." Tracy Farr, a Lazard managing director, also praised the benefits of the firm's hybrid policy in a LinkedIn post. Advertisement"Our hybrid work policy has been a game changer. Many other big Wall Street firms have pushed back on the work-from-home movement.

Persons: —, Peter Orszag, Lazard, Orszag, WFH, Tracy Farr, Farr, I've, Goldman Sachs Organizations: Service, Wall, Business, Lazard's New, Bloomberg, JPMorgan Locations: Lazard's, Lazard's New York

☆ Dow futures are little changed after clinching record high following Fed rate cut: Live updates
▼ + stars: | 2024-09-22 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Dow Jones Industrial Average futures are near flat Sunday night after excitement over last week's interest rate cut propelled the blue-chip index to a record closing level. S&P 500 futures and Nasdaq 100 futures are also both little changed. All three of the major indexes added more than 1% for the week, during which the S&P 500 also reached new records. "But the signal is important nonetheless, and markets responded the following day taking the S&P 500 Index to a new all-time high." They'll also be following speeches from Atlanta Fed President Raphael Bostic, Chicago Fed President Austan Goolsbee and Minneapolis Fed President Neel Kashkari for insights into what the central bank will do next.

Persons: Dow, Ronald Temple, Raphael Bostic, Austan Goolsbee, Neel Kashkari Organizations: Dow Jones Industrial, Nasdaq, Federal, Atlanta Fed, Chicago Fed, Minneapolis Fed

☆ Expecting 2-3 rate cuts by the end of the year: Lazard's Ron Temple
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpecting 2-3 rate cuts by the end of the year: Lazard's Ron TempleRon Temple, Lazard Financial Advisory and Asset Management chief market strategist, joins 'Money Movers' to discuss whether September is the appropriate month to consider a rate hike, whether a rate cut would reflect economic weakness, and the Fed's rate path.

Persons: Ron Temple Ron Temple Organizations: Lazard Financial, Asset Management

☆ Cramer's Lightning Round: Lazard is a buy
▼ + stars: | 2024-05-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Lazard's year-to-date stock performance. Stock Chart Icon Stock chart icon Enbridge's year-to-date stock performance. Stock Chart Icon Stock chart icon Advanced Drainage System's year-to-date stock performance. Stock Chart Icon Stock chart icon AST SpaceMobile's year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance.

Persons: Lazard, We've, I've, I'm, It's, Jacobs Organizations: Technologies, Therapeutics, Sarepta Therapeutics, S.A, Petroleo Brasileiro S.A, Jacobs Solutions Locations: Halleluiah

☆ Investors shouldn't be expecting 'exuberant' growth this year, says Lazard's Ron Temple
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors shouldn't be expecting 'exuberant' growth this year, says Lazard's Ron TempleRon Temple, Lazard Financial Advisory and Asset Management chief market strategist, joins 'Squawk Box' to discuss the state of the economy, what to expect from February's CPI data, impact on the Fed's interest rate path, and more.

Persons: Ron Temple Ron Temple Organizations: Lazard Financial, Asset Management

☆ May is the most likely case for first Fed rate cut, says Lazard's Ron Temple
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMay is the most likely case for first Fed rate cut, says Lazard's Ron TempleRon Temple, Lazard chief market strategist, joins 'Money Movers' to discuss what to expect from the next Federal Reserve meeting, what the Fed's path looks like going forward, and more.

Persons: Ron Temple Ron Temple Organizations: Lazard, Reserve

☆ Get ready for a 2024 election that could have an outsized impact on stocks and the world economy, Lazard's top strategist says
▼ + stars: | 2023-11-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

But the 2024 presidential election could change that, according to Lazard's top strategist. "Whether the US continues to finance and support Ukraine is basically on the ballot," Ronald Temple told Business Insider. Advertisement"I typically try to convey to people that a presidential election is not a game-changer for stocks," he told BI. Geopolitical watershedTemple is highlighting the 2024 election as a potential watershed moment because of how the contest could affect the global geopolitical balance. AdvertisementInflation is still kingUkraine and the presidential election aren't the only two issues Temple is keeping an eye on.

Persons: Ronald Temple, —, hasn't, that's, Donald Trump –, –, Joe Biden, Wall, Temple, Biden, Ron DeSantis, Vivek Ramaswamy, Vladimir Putin, it's, Lazard, Russell Organizations: Business, Service, of Foreign Relations, Washington, Federal, Bureau of Labor Statistics, . Traders Locations: Ukraine, Kyiv, Russia, China

"It's pretty simple - you can't make a big business decision today without a geopolitical perspective," Orszag said in an interview at the Reuters NEXT conference in New York. Lazard has a geopolitical advisory unit that analyzes world events and their potential impact on clients' businesses. Orszag set an ambitious goal of doubling the investment bank's revenue by 2030. Some investment banks have laid off thousands of employees and cut other costs after several quarters of lethargic dealmaking. [1/5]Peter Orszag, CEO of Lazard, speaks with Reuters journalist Lananh Nguyen during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Persons: Peter Orszag, Orszag, Lazard, lethargic, Lananh Nguyen, Brendan McDermid, dealmaking, Brian Moynihan, Obama, We're, Leela de Kretser, Mark Porter, Emelia Organizations: Reuters NEXT, Wall, Reuters, REUTERS, Bank of America, reuters, Thomson Locations: China, Ukraine, New York, New York City , New York, U.S

☆ Too much regulation confuses sustainability efforts -Lazard's Singhal
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. "They're trying to create all these delineations and then there are essentially loopholes everywhere. And we're ending up with really more confusion than the original intention," said Nikita Singhal, co-head of sustainable investment and ESG at Lazard's asset management arm. Max Chen, partner at Chinese private equity firm Primavera Capital, said international investors were "really faced with a competing standard" and "really need to navigate through that process" of increased regulation. Reporting by Isla Binnie Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Nikita Singhal, Max Chen, Isla Binnie, Chris Reese Organizations: Lazard Ltd, New York Stock Exchange, REUTERS, Companies Lazard, Lazard, Reuters, Primavera Capital, Thomson Locations: New York, U.S, Europe

☆ Lazard quarterly profit misses estimates on dealmaking drought
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File photo Acquire Licensing RightsOct 26 (Reuters) - Lazard (LAZ.N) on Thursday missed Wall Street estimates for third-quarter profit, as the independent investment bank's advisory business reeled from a prolonged slump in dealmaking activity. Lazard's bigger rivals, JPMorgan Chase & Co (JPM.N) and Morgan Stanley (MS.N), reported weakness in their investment banking segments earlier this month. Lazard reported an adjusted profit of $10 million, or 10 cents per share, in the three months ended Sept. 30, compared with $106 million, or $1.05 per share, a year earlier. Analysts on average has expected a profit of 16 cents per share, according to LSEG data. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Morgan Stanley, Lazard, Peter R, Orszag, Jaiveer Singh, Shinjini Organizations: Lazard Ltd, New York Stock Exchange, REUTERS, Lazard, JPMorgan Chase &, Revenue, Thomson Locations: New York, U.S, Wall, Bengaluru

☆ Lazard's Raymond McGuire: Deglobalization will be the reindustrialization of America
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazard's Raymond McGuire: Deglobalization will be the reindustrialization of AmericaRaymond McGuire, Lazard president, and Dina Powell McCormick, BDT & MSD Partners vice chairman, join CNBC's Delivering Alpha 2023 to discuss geopolitics in relation to energy and entrepreneurship, U.S.-China industrial relations and more.

Persons: Lazard's Raymond McGuire, Deglobalization, Raymond McGuire, Lazard, Dina Powell McCormick Organizations: BDT, MSD Partners, CNBC's Locations: China

☆ Lazard's McGuire: AI supercomputing will increase demand on the power grid
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLazard's McGuire: AI supercomputing will increase demand on the power gridRaymond McGuire, Lazard president, and Dina Powell McCormick, BDT & MSD Partners vice chairman, join CNBC's Delivering Alpha 2023 to discuss geopolitics in relation to energy and entrepreneurship, U.S.-China industrial relations and more.

Persons: Lazard's McGuire, Raymond McGuire, Lazard, Dina Powell McCormick Organizations: supercomputing, BDT, MSD Partners, CNBC's Locations: China

Peter Orszag, incoming CEO of financial advisory Lazard, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Sept 14 (Reuters) - Two weeks before Peter Orszag takes the helm as CEO of Lazard (LAZ.N), he is already setting an ambitious goal for the investment bank to double its revenue by 2030. Orszag outlined his plans for the 175-year-old firm in a memo to employees on Thursday, including a raft of personnel changes. The revenue aspirations are being locked in at a time when sluggish dealmaking has weighed on earnings and prompted Lazard to eliminate 10% of its workforce. Boosting revenue in asset management will require better distribution, improved investment performance and potentially an acquisition, Orszag wrote in the memo.

Persons: Peter Orszag, Lazard, Mike Blake, ”, Orszag, Alexandra Soto, Chris Weideman, Lananh Nguyen, Varun Organizations: Milken, Global Conference, REUTERS, Lazard, Reuters, Apollo Asset Management, U.S, Thomson Locations: Beverly Hills , California, U.S, Europe, East, Africa

☆ Deal-making activity at 'turning point' after bottoming out, says Lazard's Peter Orszag
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeal-making activity at 'turning point' after bottoming out, says Lazard's Peter OrszagPeter Orszag, the CEO-elect at Lazard, joins 'Squawk on the Street' to discuss a turning point in M&A activity, the underlying drivers of M&A growth, and the pricing, financing, and regulatory headwinds to M&A.

Persons: Lazard's Peter Orszag Peter Orszag Organizations: Lazard

☆ Watch CNBC's full interview with Lazard's Peter Orszag on M&A outlook
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Lazard's Peter Orszag on M&A outlookPeter Orszag, the CEO-elect at Lazard, joins 'Squawk on the Street' to discuss a turning point in M&A activity, the underlying drivers of M&A growth, and the pricing, financing, and regulatory headwinds to M&A.

Persons: Lazard's Peter Orszag, Peter Orszag Organizations: Lazard

☆ Falling inflation has more to do with post-pandemic effects than Fed hikes: Lazard's Peter Orszag
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFalling inflation has more to do with post-pandemic effects than Fed hikes: Lazard's Peter OrszagPeter Orszag, CEO of Financial Advisory at Lazard and former OMB director under President Obama, joins 'Squawk Box' to discuss the Fed's inflation fight, the latest market trends, the state of dealmaking, and more.

Persons: Peter Orszag Peter Orszag, Obama Organizations: Lazard Locations: dealmaking

☆ Lazard quarterly profit slumps as Wall Street's dealmaking drought persists
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Lazard (LAZ.N) reported a second-quarter profit on Thursday that fell 76% as the boutique investment bank's advisory business reeled from a prolonged slump in dealmaking activity. Dealmaking has been on ice during the past 12 months amid heavy capital markets volatility and the U.S. Federal Reserve's tightening of monetary policy. Global mergers and acquisitions activity fell 36% year-on-year in the second quarter as high interest rates and a stand-off over the U.S. debt ceiling kept dealmakers on edge. The slump in dealmaking has affected some of Wall Street's largest investment banks, with some of them announcing job cuts and other cost-cutting measures. Revenue at Lazard's financial advisory segment fell 15% to $344 million in the second quarter, while its asset management arm saw a 1% rise in revenue.

Persons: Dealmaking, Lazard, Manya Saini, Shounak Dasgupta Organizations: Lazard, U.S, Thomson Locations: U.S . Federal, dealmaking, Wall, Bengaluru

☆ Welcome to the Dollar War: a Global Fight Over America's Economic Dominance
▼ + stars: | 2023-07-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +17 min

The US even reminded everyone just how influential the buck is when it effectively froze Russia out of the global financial system with sanctions last year. Becoming the issuer of the global reserve currency is about trust. The US has controlled the global reserve currency for 102 years — giving it a special status in the world economy. Still, given that the country controlling the global reserve currency holds that status of an average of 94 years, history seems to indicate it's high time for a successor. Why shouldn't the financial world resemble something closer to the mosaic of cultures, politics, and nations that exists today?

Persons: Chenzi Xu, there's, Xu, —, Ron Temple, Gregory Brew, Eurasia's Brew, dollarizing, Stephen Jen, Jen, we've, Stanford's Xu, Luiz Inácio Lula da Silva, Josh Lipsky, " Lipsky, It's, Alexander Wise, Jan Loeys, Loeys, dollarization, Wise, Lazard's Temple, isn't, Phil Rosen Organizations: Stanford, Federal, European Central Bank, People's Bank of China, Lazard, Publishing, Getty Images, International Monetary Fund, Bank of International Settlements, Eurasia Group, Sandman's, Eurizon, IMF, Atlantic Council, JPMorgan Locations: Russia, Israel, France, China, America, Saudi Arabia, Brazil, India, Pakistan, Bolivia, Iraq, South Africa, Beijing

☆ The American banking landscape is on the cusp of a seismic shift. Expect more pain to come
▼ + stars: | 2023-07-10 | by ( Hugh Son | ) www.cnbc.com time to read: +10 min

But even as the dust settles from a string of government seizures of failed midsized banks, the forces that sparked the regional banking crisis in March are still at play. What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. JPMorgan shares are up 7.6% this year, while the KBW Regional Banking Index is down more than 20%. Some of those pressures will be visible as regional banks disclose second-quarter results this month. "The fundamental issue with the regional banking system is the underlying business model is under stress," said incoming Lazard CEO Peter Orszag.

Persons: Jamie Dimon, Brian Graham, Banks, KeyCorp, Matt O'Connor, Peter Orszag, SVB, Chris Wolfe, Wolfe, you've, You've, Goldman Sachs, Lazard's Orszag, Orszag, Janet Yellen, Sen, Elizabeth Warren, Klaros, Graham Organizations: First, JPMorgan, Silicon Valley Bank, CNBC, Klaros, Deutsche Bank, Federal Reserve Bank of New, Justice Department Locations: First Republic, Silicon Valley, SVB, KBW, Federal Reserve Bank of New York, Republic

☆ Lazard, facing a dealmaking drought, is on a mission to boost its money management business. It won't be easy.
▼ + stars: | 2023-07-06 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

The group extends guidance on geopolitical matters to clients as well as colleagues, like the asset management arm's sprawling salesforce. The firm is making a series of changes to ramp up its asset management business. Lazard has had an asset management business for decades, but it's a business that's finding new relevance on Wall Street. Incoming Lazard CEO Peter Orszag, pictured here in May, has made improving the asset management business a priority. "When it comes to the asset management business, the picture is probably more blurry," said Richard Bruyère, managing partner of the Paris-based asset management advisory firm Indefi.

Persons: Lazard, Evan Russo, Yevgeny Prigozhin, Peter Orszag, Barack Obama, Bill Clinton, it's, Russo, Orszag, Ray McGuire, Jennifer Ryan, Goldman Sachs, Brennan Hawken, Richard Bruyère, Bruyère, Ryan, Hartley, Morgan Stanley, Janus Henderson, Ashmore, Devin Ryan, AllianceBernstein, Larry Cohen, " Russo, Peter Organizations: Lazard, BlackRock, Citi, New York, North, Incoming Lazard, REUTERS, UBS, Investors, Firms, Virtus, Liontrust, Bank's JMP Securities Locations: Russia, New York, Washington, North America, Paris, Taft, Asia

☆ Lazard fires senior banker for inappropriate behavior -source
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, July 3 (Reuters) - Investment bank Lazard (LAZ.N) terminated a managing director for inappropriate behavior over the weekend, according to a source familiar with the situation. Incoming CEO Peter Orszag sent a memo to staff this weekend informing them that the company had dismissed a managing director in the bank's financial advisory unit, the source said. Lazard took action after investigating the behavior, which occurred at a personal event at which employees were present, the source said, without naming the banker. Orszag currently leads Lazard's financial advisory unit overseeing deals. Reporting by Lananh Nguyen; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Peter Orszag, Lazard, Orszag, Lananh Nguyen, Leslie Adler Organizations: YORK, Investment, Lazard, Bloomberg News, Thomson

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