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Economic Outlook

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Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says Wall Street giant Morgan Stanley will be cutting hundreds of jobs due to an “uncertain global economic outlook,” according to a new report. Morgan Stanley will be cutting approximately 1,500 jobs - roughly 2 percent of its workforce - impacting employees in technology, operations, sales trading, and research. The New York-based bank currently employees more than 60,000 people. According to CNBC, in October, Morgan Stanley posted third-quarter profit and revenue figures that beat analysts’ expectations. The company produced $10.1 billion in revenue, exceeding analysts’ estimates by appr…

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by Zak Failla
Business
Top Bank Strategist To Outline Economic Trends At Fairfield Breakfast Top Bank Strategist To Outline Economic Trends At Fairfield Breakfast
Top Bank Strategist To Outline Economic Trends At Fairfield Breakfast FAIRFIELD, Conn. — First Selectman Mike Tetreau and People’s United Bank strategist John Traynor will be guest speakers at the Fairfield Chamber of Commerce’s 2018 Economic Outlook Breakfast. The annual event is scheduled for 7:30 a.m. Jan. 24 at Brooklawn Country Club. Traynor is the chief economic strategist for People’s United Bank, the event sponsor. He joined the People’s team in 2011 and directs the overall investment process. Traynor is the chief spokesman for People’s United Wealth Management Group, having appeared on CNBC and Fox Business News and been quoted in the New York Times…

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by Meredith Guinness