Morgan Stanley is cutting about 3% of its workforce https://t.co/uFItc69LUR ...

Core Viewpoint - A class-action lawsuit has been filed against Cushman & Wakefield U.S. Inc. for allegedly breaching its fiduciary duties under ERISA by failing to protect employees' 401(k) savings from climate-related financial risks, which could lead to significant changes in risk management across the $12 trillion U.S. retirement market [1][6]. Group 1: Allegations Against Cushman & Wakefield - The lawsuit claims that Cushman & Wakefield did not adequately evaluate, monitor, or remove the Westwood Quality SmallCap Fund, which poses high climate-related financial risks and has underperformed while charging excessive fees [2][3]. - The Westwood Quality SmallCap Fund reportedly disclaims climate risk analysis and lagged behind benchmarks by 17% in 2025, while its fees were significantly higher than those of comparable funds [3]. - There is an alleged inconsistency between Cushman & Wakefield's corporate risk management practices and its management of employee retirement funds, as the company recognizes climate change as a financial risk but did not apply similar analysis to its 401(k) plan [4]. Group 2: Implications of the Lawsuit - The lawsuit could set a legal precedent that mandates climate risk management as part of fiduciary duty, potentially impacting the management of the $12 trillion in retirement savings held in 401(k)-style plans [6]. - The case signals to the financial industry that fiduciaries must acknowledge climate change as an economic reality and cannot ignore it without facing potential liability [6]. Group 3: Statements from Plaintiffs and Legal Experts - The lead plaintiff expressed disappointment over the exposure of retirement savings to climate-related risks, emphasizing the expectation that employers ensure the soundness of retirement options [7]. - Legal experts highlighted that climate risk is a significant economic risk, and failing to address it undermines the fiduciary responsibility of financial managers [8].

New York, New York--(Newsfile Corp. - March 4, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Lufax Holding Ltd (NYSE: LU) resulting from allegations that Lufax may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Lufax securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

PHILADELPHIA and NEW YORK, March 04, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the fourth quarter and full year ended December 31, 2025 on Friday, March 6, 2026. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results. The conference call will be available via webcast. Interested parties can access the webcast by clicking the webcast link on the Company’s homepage at www.cohenandcompany.com. Th ...

Investors might want to bet on MidCap Financial Investment (MFIC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. ...

Market Overview - The Cosby index experienced a significant decline of approximately 19% over two trading days, marking its worst performance in history [1] - The sell-off is attributed to multiple factors, including the conflict in Iran, which impacts energy imports, and profit-taking after a substantial market run-up [2][3] Energy Market Impact - South Korea's heavy reliance on LNG imports is a critical factor in its market performance, compounded by a stronger dollar and a depreciating South Korean won [3] - The ongoing conflict's duration will significantly influence energy supply disruptions, with potential implications for memory chip shortages and energy prices [4][10] Investment Sentiment - Despite the recent pullback, the market remains up 21% year-to-date, indicating underlying strength [7][8] - Retail investors have been net buyers during the recent sell-off, suggesting a potential opportunity for those capitalizing on the market dip [13] U.S. Market Dynamics - The U.S. market is somewhat insulated due to its own natural gas and crude oil holdings, but the global impact of the conflict is evident, particularly with a 50% spike in natural gas prices in Europe [9] - The U.S. equity markets are currently testing key support levels, with a focus on maintaining the December lows and the 100-day moving average [18][19] Geopolitical Considerations - The Strait of Hormuz is a critical area to monitor, as current oil traffic is halted, raising concerns about future supply and pricing [15][17] - The U.S. government's proposed risk insurance for tanker escorts may not be sufficient to resume oil traffic, highlighting the complexities of the geopolitical situation [16]

PresentationHeather LavalleePresident, CEO & Director Okay. Good morning, everyone, and thank you, Wilma. I'm going to begin by highlighting what makes Voya such an attractive investment opportunity. And it starts with our complementary businesses, where we operate at scale, which is durable, and we've got a leadership position in the workplace businesses. Now the collection of these businesses generate high return on equity, high free cash flow, and that's important because it allows us to continue to inve ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 4th:BrightSpring Health Services, Inc. (BTSG) : This parent company of healthcare service lines which, provide complementary home- and community-based pharmacy and provider health solutions for complex populations in need of specialized and/or chronic care, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days. ...

🇺🇸 SEN. LUMMINS: “We are creating the 21st century financial services industry”, as Kraken gains direct access to the US payment system. https://t.co/1lbc4Y1HKz ...

Group 1 - The January jobs report showed stronger-than-expected hiring with the US economy adding 130,000 jobs, double the expected increase of 65,000 [2] - The unemployment rate fell to 4.3%, lower than the anticipated 4.4% [2] - Most job gains in January were concentrated in healthcare services, with 82,000 jobs added, particularly in ambulatory services, hospitals, and nursing and residential care [3] Group 2 - Significant job losses were reported in financial services, with a decline of 22,000 jobs, raising concerns about the overall labor market [3][4] - Other key sectors such as trade, transportation, and utilities also experienced notable declines, which could temper enthusiasm regarding the job report [2][4] - Broader concerns about the labor market persist, particularly with rising job cut announcements, which reached the highest level since October [4] Group 3 - Executive warnings about the potential impact of AI on job security are increasing, with predictions that many white-collar tasks could be fully automated within the next 12 to 18 months [5]