Bankrupt hedge fund Weiss Multi-Strategy Advisers LLC and its largest creditor, Jefferies Financial Group, are discussing a potential settlement.
Morgan Stanley CEO Ted Pick would be its next chair succeeding James Gorman, who has been tapped to head the board at Walt Disney.
Bill Gross advocates for master limited partnerships, such as Energy Transfer, highlighting their potential for wealth advisors and RIAs.
The US Treasury market, in one of its worst losing stretches of the year, is flashing a fresh warning sign of mounting risks as yields surge.