You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Morgan Stanley chopped pricing in half for clients trading private companies’ shares on its newly acquired EquityZen platform, undercutting competitors as it looks to expand in a growing market.  The bank lowered fees for both buyers and sellers to 2.5% from 5% for most transactions, according to a statement Thursday. That may just be the start. Jed Finn, Morgan Stanley’s h ...

Market Overview - The Dow Jones Industrial Average closed down 267.50 points (-0.5386%) at 49,395.16, with Dow Futures also declining by 300.00 points (-0.6034%) to 49,422.00, indicating a cautious market sentiment [1] - The decline was primarily driven by a hawkish shift in monetary policy expectations following a higher-than-expected Producer Price Index (PPI) report, raising concerns about delayed interest rate cuts by the Federal Reserve [1] Sector Performance - The financial sector experienced significant volatility, with Goldman Sachs leading the decline, falling 2.92% to $906.73. Other major financial institutions like American Express and JPMorgan Chase also saw declines of 2.18% to $338.65 and 1.14% to $305.32, respectively [2] - Technology stocks faced pressure as well, with IBM down 2.19% to $255.20, while Apple and Nvidia slipped 1.01% and 0.91%, respectively. Boeing and Sherwin-Williams both decreased by 2.10% amid concerns over industrial growth [2] Defensive Stocks - Investors shifted towards defensive equities to mitigate macroeconomic uncertainty, with Verizon emerging as the top performer, gaining 1.72% to finish at $48.84 [3] - Consumer staples and healthcare sectors saw modest inflows, with Procter & Gamble rising 0.89% to $158.16 and McDonald's advancing 0.86% to $330.74. Other gainers included Cisco Systems, up 0.61% to $78.67, and Chevron, which climbed 0.57% to $184.96 [3] - Caterpillar managed a 0.50% increase, closing at $755.87, while Johnson & Johnson also saw slight gains [3]

Geopolitical Tensions - President Trump is considering a limited military strike against Iran to pressure for a new nuclear agreement, with options including targeted strikes on nuclear facilities [2] - The U.S. military is conducting its largest buildup in the region in over two decades, deploying advanced fighter jets and an aircraft carrier, leading to increased volatility in oil markets [3] Financial Regulation - The Federal Reserve has approved Fulton Financial Corporation's acquisition of Blue Foundry Bancorp, allowing Fulton to expand its presence in the northern New Jersey market [4] - The merger is expected to create a $34 billion community bank, providing Blue Foundry customers access to over 200 locations across the mid-Atlantic [5] Trade and Industry - President Trump has labeled steel tariffs as a "game-changer" for American manufacturing, maintaining a 50% levy on foreign steel and aluminum to combat Chinese overcapacity [6] - The Commerce Department is reviewing over 400 products for potential exemptions from these tariffs, which may ease compliance burdens for domestic firms [7] International Affairs - North Korea's 9th Party Congress showcased the country's new military capabilities, including 50 AI-enhanced rocket launchers, amid claims of overcoming recession and completing a five-year growth plan [9][10] Domestic Policy - The FBI is lowering recruitment and vetting standards due to a staffing crisis, anticipating a loss of over 5,000 employees by September [11] - The agency will no longer require a college degree for certain positions and will reduce training from 18 weeks to 8 weeks, raising concerns about operational efficacy [12]

Core Viewpoint - JPMorgan Chase is seeking to dismiss President Trump's lawsuit alleging that the bank "debanked" him in 2021 and aims to move the case from Florida state court to federal court in Miami and then to New York [1][2] Group 1: Lawsuit Details - Trump filed a lawsuit against JPMorgan Chase and CEO Jamie Dimon on January 22, seeking $5 billion, claiming that the bank terminated his accounts for political reasons, resulting in significant financial and reputational harm [3][7] - The lawsuit alleges that JPMorgan Chase unlawfully published the names of Trump and his businesses on a "blacklist" accessible to other federally regulated banks [7][9] - JPMorgan Chase's lawyers argue that the lawsuit lacks details about the alleged blacklist, including its creation and circulation [8] Group 2: Bank's Position - JPMorgan Chase maintains that it does not close accounts for political or religious reasons, but rather due to legal or regulatory risks [10] - The bank believes the lawsuit has no merit and has publicly stated its position on the matter [9][10]

分组1 - The article discusses the recent addition of First Citizens BancShares (FCNCA) to the exchange, highlighting its focus on fixed-income securities [1] - Denislav Iliev, an experienced day trader with over 15 years in the field, leads a team of 40 analysts who specialize in identifying mispriced investments in fixed-income and closed-end funds [1] - The investing group Trade With Beta, led by Iliev, offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1]

HAMILTON, Bermuda--(BUSINESS WIRE)--The Bank of N.T. Butterfield & Son Limited ("Butterfield†or "the Bank†) (NYSE: NTB; BSX: NTB) today announced that it has entered into an agreement to acquire Rawlinson & Hunter in Guernsey ("R&H Guernsey†), the independently owned Guernsey member firm of the Rawlinson & Hunter International Network ("R&H†). The acquisition will further expand the Bank's Channel Islands presence and strengthen its trust and fiduciary offering with the add. ...

The Federal Reserve Board on Thursday announced its approval of the application by Fulton Financial Corporation, of Lancaster, Pennsylvania, to acquire Blue Foundry Bancorp and thereby indirectly acquire Blue Foundry Bank, both of Rutherford, New Jersey. For media inquiries, please email [email protected] or call (202) 452-2955. ...

Core Viewpoint - State Street Corporation has announced a quarterly cash dividend of $0.84 per share of common stock, reflecting its commitment to returning value to shareholders [1] Group 1: Dividend Announcement - The quarterly cash dividend of $0.84 per share is payable on April 13, 2026, to common shareholders of record as of the close of business on April 1, 2026 [1] - In addition to the common stock dividend, State Street Corporation has also announced a cash dividend on its outstanding series of non-cumulative perpetual preferred stock, specifically Series G [1]

Core Insights - Tri Counties Bank has conducted a research study on the use of artificial intelligence (AI) among U.S. small business owners, focusing on current adoption trends and future expectations [1] Adoption Trends - The research highlights that AI is rapidly reshaping business operations, indicating a significant trend in its adoption among small businesses [1] Anticipated Benefits - Small business owners expect AI to enhance productivity, efficiency, and growth, showcasing the anticipated benefits of integrating AI into their operations [1] Emerging Opportunities - The study identifies emerging opportunities for small businesses as they adapt to AI technologies, suggesting a transformative impact on their operational strategies [1]

against JPMorgan is one of at [least six] that Trump has brought in his personal capacity since returning to the presidency.Reporting by Tom Hals in Wilmington, Delaware; Editing by Daniel WallisOur Standards: [The Thomson Reuters Trust Principles., opens new tab][Purchase Licensing Rights]## Read Next / Editor's Picksago [Worldcategory][Trump administration expands ICE authority to detain refugees]ago [Governmentcategory][US military's ban on enlistment by people with HIV upheld by appeals court]agoANALYSI ...