Morgan Stanley, which last year missed an internal trading-revenue target by more than 40 percent, is under pressure to show improvement after a two-year effort to turn around the firm’s fixed-income trading business.
Crude oil fell for a second day in New York amid speculation rising supplies in the U.S. and a surprise drop in home sales signaled the world’s largest energy consumer may be struggling to sustain a recovery.
Oil rose from a three-week low on speculation a report tomorrow will show crude stockpiles in the U.S., the world’s biggest energy consumer, declined for a second week and as rising equity prices buoyed investor sentiment.
Chef Raymond Blanc is backing the winners of his TV show “The Restaurant” to open a cocktail bar with a gastronomic twist. So if you fancy a squid-ink sour or a bacon-and-egg martini, this may be just the place.
Crude oil was little changed in New York after rising to a seven-week high as the dollar’s decline bolstered speculative demand for commodities and amid concern an Atlantic tropical storm will disrupt production.