Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Institutional"


25 mentions found


I'm a college-admissions expert; students panic when they don't get accepted during early decision. AdvertisementHere's what you need to know if you or your kid didn't get accepted during early decision. For many schools, institutional needs come firstMany colleges admit a higher percentage of applicants during early decision than in the regular decision round. Let's say a favorite college has a 10% acceptance rate during early decision but only a 5% acceptance rate during the regular decision period. You never know what institutional priorities a college has when reviewing your application.
Persons: I'm, , didn't, they'll, let's Organizations: Service, Harvard, Princeton, Yale
Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Cryptocurrency exchange Gemini has been awarded crypto registration to launch its services in France, the company told CNBC exclusively. The firm, which was founded and is owned by twins Tyler and Cameron Winklevoss, said it was approved as a virtual asset services provider by French markets watchdog Autorite des marches financiers (AMF). "This latest regulatory approval in France represents a significant moment in our European expansion," Gillian Lynch, head of EU at Gemini, said in emailed comments. Institutional clients will get access to Gemini eOTC, Gemini's electronic over-the-counter trading solution.
Persons: Tyler Winklevoss, Cameron Winklevoss, Gemini, Tyler, Gillian Lynch Organizations: CNBC, AMF, EU, Gemini Locations: Miami , Florida, France
Investors are continuing to pour cash into money market funds, thanks to their juicy 5% yields. In the month of January, money market funds typically see outflows after having big inflows in December, she said. That's because there is generally a lag between the cuts and money market fund yields coming down. Still, even as yields in money market funds eventually go down, they will still be attractive, said Peter Crane, founder of Crane Data. Typically, retail investors have an allocation of about 5% or 10% in cash, including money market funds.
Persons: Deborah Cunningham, Cunningham, Peter Crane Organizations: Bank of America, Federated Hermes, Crane Data, Investment Company Institute
Early analyst calls on Wednesday included a downgrade to a legacy automaker and a rerating for a crypto mining stock that won big last year. "As we have parsed through our numbers, we think the road to recovery will be tougher for SEDG from the perspectives of top line, gross margins, and market share," analyst Christine Cho said. Morgan Stanley stock has slipped nearly 8% this year. The firm downgraded Ford to neutral from buy in a Tuesday note and reiterated a $12 per share price target. Ford shares have struggled this year, losing 6%.
Persons: BTIG, Wall, Joseph Spak, Spak, — Brian Evans, Barclays downgrades SolarEdge, Christine Cho, Cho, SolarEdge, JPMorgan downgrades Morgan Stanley, Morgan Stanley, Ted Pick, Kian Abouhossein, UBS downgrades Ford, Ford, Jim Farley's, Gregory Lewis, Lewis, MARA 1Y, MARA, Fred Imbert Organizations: CNBC, UBS, Ford Motor, Barclays downgrades, Barclays, SolarEdge, Enphase Energy, JPMorgan, Ford, U.S, General Motors, Crypto, Marathon, Marathon Digital, BTC Locations: U.S, Tuesday's
Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. MS 1Y mountain Morgan Stanley 1 year Shares of Morgan Stanley were on a five-session losing streak with Tuesday's post-earnings 5% decline. However, Morgan Stanley — and for that matter, Wells Fargo — saw their stocks surge into the end of 2023. Asset management revenue increased 6% from last year, reflecting higher asset levels and the impact of positive fee-based asset flows. Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.
Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Morgan Stanley —, Ted Pick, Morgan Staley, ROTCE, it's, Morgan, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, Bloomberg, Federal Deposit Insurance Corporation, Silicon Valley Bank, Morgan, Wealth Management, Investment Banking, FDIC, Institutional Securities, Investment, Equity, Morgan Stanley's Wealth Management, Investment Management, Asset, Capital, CNBC, Bloomberg Television, Getty Locations: Silicon, Wells Fargo —, U.S, New York
CNN —Former President Donald Trump’s easy win in Iowa on Monday confirms that there really is no race for the Republican nomination this year. Iowa is a solid red state that gives a good sense of where the Republican Party as a whole stands today. The DeSantis campaign and its outside allies spent $35 million in the state between January 1, 2023, and January 12 of this year. Even with an almost 2:1 spending advantage over Trump, DeSantis couldn’t mount an effective challenge — not even with the backing of Reynolds and Vander Plaats. DeSantis and Haley were not weak opponents — but as Iowa shows, even strong rivals can’t touch Trump.
Persons: Daniel McCarthy, , Donald Trump’s, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Charles Koch, Haley, Bob Vander Plaats, Kim Reynolds, Joe Biden, Chris Christie, Trump, Sen, Ted Cruz, Reynolds, Vander Plaats, Doug Burgum, Mike Lee, Marco Rubio, DeSantis, Haley’s, it’s Organizations: The, Syndicate, CNN, Republican, Florida Gov, South Carolina Gov, GOP, Trump, Voters, Iowa Republicans, New, New Jersey Gov, Iowa’s Republicans, Republican Party, North Dakota Gov, Des Moines Register, NBC, Independents, Democrats, Iowa Locations: Iowa, New Jersey, Trump, Sens, New Hampshire, South Carolina
AdvertisementA long-term care policy isn't the same thing as your health insurance policyWallace first explained that a long-term care policy is a financial tool that covers the risk of care related to loss of activities of daily living, like bathing, eating, using the bathroom, and more. Since I only have a health insurance policy, I asked if that would cover any of that type of care, so I didn't have to take out a long-term care policy. "But a long-term care policy pays for people to take care of you, whether in your home or in a facility." "You can take out a long-term care policy now at a lower premium because you're 35. If I'm eager to go ahead and get a long-term care policy now, he did say that there is an option to do a 10-year limited pay policy.
Persons: Keith Wallace, Wallace, I've, it's Organizations: Business
Goldman Sachs is shifting to do more lending to private-wealth clients, individuals and families with an average of $60 million with the bank. Photo: Jutharat Pinyodoonyachet for The Wall Street JournalGoldman Sachs has given up on lending to Main Street consumers. Now it’s doubling down on wealthy clients. The Wall Street giant is increasing lending to its private-wealth clients, individuals and families who on average have $60 million with the bank. In its trading department, loans to institutional clients, including hedge funds seeking to borrow for stock purchases, are on track to produce the highest revenue in at least three years.
Persons: Goldman Sachs Organizations: Wall Street
Many of his medical achievements came at the cost of the health and well-being of enslaved Black women. He performed surgical experiments on enslaved Black women, often without the use of anesthesia. Black women were experimented on to improve health care for white womenSocietal, institutional, and systemic racism has endangered the lives of Black women for centuries. In a 2023 CDC study , Black women reported experiences of mistreatment during maternity care at the highest rate of women surveyed. As enslaved Black women were considered to be the property pf their owners, and therefore did not have their own rights of refusal, Sims' experimented on Black women in order to improve gynecological outcomes for white women.
Persons: Marion Sims, , J, Sims, Spencer Platt, fistulas, Lucy, Black, Julia Axelrod, Henrietta, Fannie Lou Hamer, sterilizing, vesicovaginal fistulas Organizations: Gynecology, Service, Design, Parks Department, Park, 103rd, Getty, Equity Locations: New York, Central, Mississippi, CDC, Montgomery
Investors in bitcoin mining stocks are closely watching the price of the cryptocurrency after the Securities and Exchange Commission's move to allow spot bitcoin ETFs became a sell-the-news event. After the ETFs received regulatory approval last week, the flagship currency briefly touched $49,000. As the week went on, however, bitcoin wiped out its earlier gains and notched a modest weekly loss of 0.01%. "If [the bitcoin price] gets to $45,000 or below only the newest, most efficient miners with the … lowest cost power are going to be able to stay online." "We would view any sell-off [in mining stocks] as a buying opportunity, as the ETF does not directly impact mining economics or change competitive dynamics, and we remain bullish on bitcoin and bitcoin miners in 2024," he wrote.
Persons: bitcoin, Reginald Smith, Chase White, they're, White, Iris Energy, Smith, Iris Organizations: Securities, Exchange, Marathon Digital, JPMorgan, bitcoin's, Compass, Iris, Cipher Mining, Iris Energy
Behind the LawsuitDiversity statements — also known as diversity, equity and inclusion, or D.E.I., statements — ask candidates seeking a faculty job or promotion to describe how they would contribute to campus diversity. In his lawsuit, John Haltigan, who has a Ph.D. in developmental psychology, said he would have applied to a position at U.C. The Pacific Legal Foundation, a libertarian group that filed the lawsuit for Dr. Haltigan, did not make him available for an interview. They also say the statements are another tool that the savvy can use to hit the right buzzwords, rewarding performative dishonesty. requirements for faculty hiring — or the system’s diversity and inclusion efforts more broadly — but it defangs for now what experts say was among the first legal challenges to these university statements.
Persons: , John Haltigan, , , Haltigan, , ” Erwin Chemerinsky, Wilson Freeman Organizations: Pacific Legal Foundation, University of California, Berkeley, Chronicle, Higher Education, Universities Locations: U.C, Santa Cruz, North Dakota, Florida, Texas, Arizona
Silent sacking, Garrison told BI, "is how Amazon is going to reduce operational costs without negatively affecting the stock price. Some Amazon employees recently took to Slack to announce their resignations specifically over the return-to-hub policy. Another AWS employee told BI they feel like they are "doing the job of three people." Any suggestion to the contrary is untrue," the Amazon spokesperson said. Are you an Amazon employee or do you have insight to share?
Persons: they're, Justin Garrison, Garrison, wasn't, URA, hasn't, that's, Slack, RTO, we'd, They've Organizations: Service, Amazon, Business, BI, Amazon Web Services
Asset managers, as well as investors, have been hoping for a spot bitcoin ETF for more than a decade. The reluctant approval from the SEC follows many years of rejections and delays of various attempts to launch a spot bitcoin ETF for public investing. After that legal ruling, money managers had significant confidence heading into 2024 for this spot bitcoin ETF vehicle to come to fruition. The trade In order to express my bearish view on bitcoin, I will use COIN as a proxy to bitcoin. I can hedge my long bitcoin exposure, define my risk in the trade, and also reduce hedging costs.
Persons: bitcoin Organizations: SEC Locations: United States
Morgan Stanley this week announced its latest group of managing directors. The Institutional Securities Group, which houses the firm's investment banking and trading operations, accounted for 44% of the class, or just under 70 people. This story is available exclusively to Business Insider subscribers. Morgan Stanley started communicating year-end comp to employees on Wednesday and is set to report earnings on Tuesday, January 16. Here are all the names of the 2024 MD class:
Persons: Morgan Stanley Organizations: Institutional Securities Group, Business
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's regional banking crisis and CEO Jane Fraser's corporate overhaul. All told, the charges — so massive the bank preannounced their effect this week — hit quarterly earnings by $4.66 billion, or $2 per share, Citigroup said. Excluding their effect, earnings would've been 84 cents a share, the bank said. Revenue: $17.44 billion vs. $18.74 billion expected. Fraser called her company's performance "very disappointing" because of the charges but said Citigroup had made "substantial progress" simplifying the bank last year.
Persons: Jane, would've, Fraser, Mark Mason, Octavio Marenzi, Goldman Sachs, Morgan Stanley Organizations: Citigroup, LSEG, Revenue, Citi, Opimas, JPMorgan Chase, Bank of America, CNBC PRO Locations: Argentina
Here's what a bitcoin ETF actually means for investors
  + stars: | 2024-01-11 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
A false statement saying the regulator had approved a bitcoin ETF was published Tuesday on the SEC's social media account on X, formerly known as Twitter. CNBC runs through everything you need to know about the bitcoin ETF milestone. As crypto investors look to assess what the market impact of a bitcoin ETF might be, many are comparing Wednesday's news to the greenlighting of the SPDR Gold Shares ETF — the first-ever spot gold ETF — in 2004. A bitcoin ETF opens up the audience of people and institutions that can buy and sell bitcoin to those with little experience trading cryptocurrency. "There is now a U.S. bitcoin spot ETF, and bitcoin is no longer considered shady or infamous.
Persons: Vijay Ayyar, Ayyar, Kevin de Patoul Organizations: . Securities, Exchange, U.S, Ark, Twitter, CNBC, Locations: BlackRock, Invesco, U.S
The public listing is expected to take place once the SEC finishes its review, "subject to market and other conditions," Circle said in the two-paragraph press release Thursday. Founded in 2013, Circle is best known as the issuer of USD Coin, the world's second-biggest U.S. dollar pegged stablecoin, which was launched in 2018. But the SPAC market collapsed in 2022, and Circle ended that agreement in December of that year, just after crypto exchange FTX spiraled into bankruptcy. Coinbase , which took a stake in Circle in August, jumped almost 400% in value in 2023, and other crypto stocks such as MicroStrategy and bitcoin miner Marathon Digital enjoyed hefty rallies. WATCH: SEC approves spot bitcoin ETFs
Persons: USDC, Bitcoin, — CNBC's Rohan Goswami Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Concord, Corp, Marathon Digital
Ark Invest's Cathie Wood said the approval of bitcoin exchange-traded funds in the U.S. made her more convinced that the world's largest cryptocurrency could hit her wildly bullish target. For her bull case, the Ark Invest chief sees bitcoin hitting $1.5 million by 2030. "We think the probability of the bull case has increased with this SEC approval. The Ark Invest CEO and chief investment officer has been a longtime crypto bull. Ark Invest has partnered with 21Shares on a proposed bitcoin fund — the Ark21Shares Bitcoin ETF (ARKB).
Persons: Cathie Wood, Wood, Bitcoin, 21Shares Organizations: Ark Invest, SEC, U.S . Securities, Exchange Commission, Invest Locations: U.S
Though approval of multiple spot bitcoin ETFs translates to increased fee competition and a way out for current GBTC investors, many traders would take a capital gains tax hit if they exited their GBTC position to purchase another ETF. watch nowWhether the appetite for spot bitcoin ETFs is overblown is another key concern among investors. "Gold ETFs are currently 1.4% of above ground (investible) gold," the JPMorgan analysts wrote. "We believe that the cryptocurrency markets are pricing in an optimistic impact from Bitcoin ETFs that is likely to fall short of expectations." WATCH: SEC approves 11 bitcoin spot ETFs
Persons: Omar Marques, Emilie Choi, GBTC, Bryan Armour, Bernstein, CNBC's Jordan Smith Organizations: Lightrocket, Getty, U.S . Securities, Exchange Commission, BlackRock, Fidelity, North America, Morningstar, Research, JPMorgan, Mizuho, SEC Locations: U.S
Friday UnitedHealth is set to report earnings before the bell, with a conference call scheduled for 8:45 a.m. JPMorgan Chase is set to report earnings before the market opens. Management has said it will disclose severance costs and job cuts along with fourth quarter earnings." Delta Air Lines is set to report earnings before the bell, followed by a call at 10 a.m. What history shows: Bank of America beats earnings estimates 79% of the time, per Bespoke.
Persons: Wells, John Butters, Butters, UNH, UnitedHealth, CVS, JPMorgan Chase, Hugh Son, Jane, DAL, Leslie Josephs Organizations: JPMorgan Chase, Citigroup, Bank of America, Delta Airlines, CNBC, LSEG, JPMorgan, First, Management, Delta Air Lines, CNBC CNBC, Delta Locations: Wells Fargo
The U.S. cryptocurrency exchange told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which owns a MiFID II license. The EU updated the legislation in 2017 to address criticism that it was too focused on stocks and didn't consider other asset classes, like fixed income, derivatives and currencies. If and when Coinbase completes the deal, the move would mark the first launch of derivatives trading by the company in the EU. With a MiFID II license, Coinbase will be able to begin offering regulated derivatives, like futures and options, in the EU. "This license would help expand access to our derivatives products by allowing Coinbase to offer them to eligible European customers in select countries across the EU," Coinbase said in a blog post, which was shared exclusively with CNBC on Friday.
Persons: Leon Neal, Getty, MiFID, Coinbase Organizations: European Union, CNBC, EU Locations: ENGLAND, London, England, U.S, EU, bitcoin
Read previewFollowing Harvard President Claudine Gay's resignation Tuesday, the prestigious university announced its current provost will take on the role of interim president as the search begins for a new leader. Alan M. Garber, an economist and physician, has served as Harvard's provost and professor of economics, public policy, and healthcare policy for over 12 years. AdvertisementSince joining Harvard's faculty in 2011, Garber has been involved in Jewish clubs and events on campus, including Harvard Chabad and Hillel. Garber's interim stint as Harvard President comes after weeks of controversy surrounding the school's now-former president, Claudine Gay. "It is with a heavy heart but a deep love for Harvard that I write to share that I will be stepping down as president," Gay wrote in her resignation letter.
Persons: , Claudine Gay's, Alan M, Garber, Alan Garber, Anne Yahanda, Brigham, Harvard Chabad, Hillel, I've, we've, Claudine Gay, Gay, Elizabeth Magill, Sally Kornbluth, Magill, Elise Stefanik, Bill Ackman Organizations: Service, Gay, Business, Harvard, Stanford, Boston's Harvard, Women's, Harvard Gazette, Hamas, Harvard Crimson, University, Harvard Corporation, Harvard Medical School, Harvard's, of Arts and Sciences, Harvard Kennedy School of Government, of Public Health, Stanford University, Department of Veterans Affairs, Health, System, Center for Health, Center for Primary Care, Research, of Pennsylvania, MIT, New York, Corporation Locations: Illinois, Chan
While the Harvard Corporation and faculty members backed Gay, the pressure continued. First and foremost, we thank President Gay for her deep and unwavering commitment to Harvard and to the pursuit of academic excellence. She believes passionately in Harvard's mission of education and research, and she cares profoundly about the people whose talents, ideas, and energy drive Harvard. An economist and a physician, he is a distinguished and wide-ranging scholar with appointments at Harvard Medical School, Harvard's Faculty of Arts and Sciences, the Harvard Kennedy School of Government, and the Harvard T.H. While President Gay has acknowledged missteps and has taken responsibility for them, it is also true that she has shown remarkable resilience in the face of deeply personal and sustained attacks.
Persons: Gay, Claudine Gay's, Alan M, Garber, , missteps, Provost Garber, of Harvard College Penny Pritzker, Timothy R, Barakett, Kenneth I, Chenault Mariano, Florentino, Tino, Cuéllar Paul J, Finnegan Biddy Martin Karen Gordon Mills Diana L, Nelson Tracy P, Palandjian Shirley M, Tilghman Theodore V, Wells, Jr Organizations: Harvard Corporation, Harvard Community, Harvard, Social Science, of Arts and Sciences –, FAS, Harvard Medical School, Harvard's, of Arts and Sciences, Harvard Kennedy School of Government, of Public Health, of Harvard College Locations: MIT's, Chan
Since 1928, the S & P 500 has finished up 20% or more about 36% of the time. Yes, 2022 was down about 19%, but the S & P has posted declines of 10% or more only 12% of the time since 1928. Could the S & P gain 20% again in 2024? That run from 1995 to 1999 was certainly epic, but that was the last time the S & P 500 saw back-to-back 20% gains. Regardless, with the S & P 500 closing the year at 4,769, a 20% gain next year would mean the S & P would hit 5,722.
Persons: Ben Carlson, Jessica Rabe, Nicholas Colas, Tom Lee, John Stoltzfus Organizations: Ritholtz Wealth Management, DataTrek Research, Fundstrat Global Advisors, Oppenheimer Asset Management
Here are 6 signals investment bankers are watching as they pray for an M&A rebound in 2024. By contrast, activity from private equity firms "was off almost 40%," he said. In 2021, private equity firms transacted $1.5 trillion across 2,869 deals, according to Dealogic. Last year, private equity M&A made up 40% of total activity, according to Goldman Sachs. AI companies, many of which are only now being formed, need to mature, and the winners and losers need to come into focus, bankers said.
Persons: Wall, LSEG, Goldman Sachs, Vito Sperduto, Sperduto, we've, Stephan Feldgoise, Hess, Anthony J, Carfang, Cash, Goldman, Goldman's Feldgoise, Feldgoise, Mark Sorrell, I'm, Harold M, Lambert, Jerome Powell, Greg McBride, McBride, Jonathan Gray, dealmaking, Gray, Rob Chisholm, Chisholm Organizations: Fed, London Stock Exchange, Business, RBC Capital Markets, Conference Board, Conference, Federal, Goldman, Federal Reserve, Private, Bankers, DOJ, FTC, Federal Reserve Board, Bankrate, of Labor Statistics, Cisco, LSEG, Qatalyst Partners, Citi, & $ Locations: LSEG, Ukraine
Total: 25