Morgan Stanley is reportedly planning to pay out 10% to 25% less in bonuses this year to its employees, an effort to cut costs as it deals with volatile market conditions. The cuts are slated to affect traders, back-office staf…
In Asia Thursday China’s Shanghai Composite Index lost 1.3% to close at 2,811 and Hong Kong’s Hang Seng Index added 0.3% to end the day at 23,172. In Japan the Nikkei 225 Index rose 0.5% to 10,286.
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In the latest of many recent successful Chinese IPOs, E-Commerce China Dangdang — often called the Amazon of China — saw its shares soar in its New York Stock Exchange debut Wednesday.
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Stocks closed a bit higher after flitting around breakeven on light trading for much of the day. Financials outperformed, while commodities suffered. Treasury bond yields hit their highest intraday level since June. End-of-year…
The bonds have the U.S. government’s full backing. But investors this week are waking up to an entirely different risk: the alarming drop in bond values and rising yields. And the reason for that may less a tax-cut-fueled defic…