Jefferies cuts Hertz stock price target on lower used car values

Key insights: The Office of the Comptroller of the Currency denied Wise’s application to charter a de novo national trust bank, citing deficiencies in the company’s Bank Secrecy Act, Anti-Money Laundering and Countering the Financing of Terrorism programs.   What’s at stake: The decision marks the OCC’s first public denial of a fintech’s charter application following…

Wealth units at wirehouses and larger public banks continued to beat estimates in the second quarter of 2026, with Morgan Stanley touting that stock market IPOs (like SpaceX) are turbocharging net new wealth assets, while Wells Fargo claims the bank has continued to hit near-record advisor recruiting in the past year. In the second quarter,…

I think we can settle the war in Ukraine, hopefully soon I think they both want a deal Hope it is settled soon Trump ran his campaign on ending the Ukraine war in 24 hours. We’re still waiting but a real deal would be another drag on oil prices. This article was written by Adam…

“Part of me would prefer to leave more to those for whom the money could make a meaningful difference.”

During periods of elevated market stress, including those that see pinched corporate bonds, collateralized Loan Obligations (CLOs) often outperform other corporate bond assets. Add to that, CLOs often emerge from those rough patches in strong form, delivering impressive returns a year after downturns. CLOs’ history may be a sign that advisors and investors seeking dependable…