Merrill Lynch’s support staff is fed up. Here’s why client associates at the massive wealth manager are heading for the door.

Happy hump day! Dan DeFrancesco checking in here. We’ve actually got an IPO today! (Remember what those were?) Mobileye, an automated-driving company that is a spinoff of Intel, is set to hit the public markets today at $21 a share — a dollar above the top of its targeted range — with Goldman Sachs and Morgan…

Today’s mortgage and refinance rates: October 26, 2022 | Rates remain elevated but could fall next year

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Average 30-year fixed mortgage rates are holding steady above 7%. Rates have…

Housing is on the verge of a correction and Americans are feeling less and less upbeat about the economy

Happy hump day, readers. I’m Phil Rosen, writing to you from Manhattan. I haven’t seen any lions or tigers this week, but there’s no shortage of bears.  And no wonder — the economy is giving Americans less and less reason for optimism.  Let’s take it step-by-step.  Inflation’s out of hand, so the Fed’s been forced…

Don’t count on stocks having bottomed out yet – they could fall another 25% if further Fed tightening fuels a severe downturn, Goldman Sachs warns

Goldman Sachs strategists laid out a scenario where the S&P 500 plummets by another 25% next year. Spencer Platt/Getty Images Stocks have failed to price in the worst-case economic downturn next year, Goldman Sachs said. Aggressive Federal Reserve tightening in 2023 would make a recession more likely, according to the bank. The S&P 500 could…

Twitter employees are leaving for tech rivals ahead of Elon Musk’s planned takeover

We’re halfway through the week, readers. Writing to you on this gloomy Wednesday in New York, I’m Avery Hartmans. Today, we’re looking at a major side-effect of the drama surrounding Elon Musk’s Twitter takeover: the employee exodus. Hundreds of workers have left in 2022, about 530 in the last three months alone. They’ve moved on…

Tourists can now move to Bali for up to 10 years — if they have at least $130,000 in the bank

The new “second home” visa is available for five or 10 years and will come into force on Christmas day. Didier Marti/Getty Images Indonesia is introducing a new visa aimed at attracting wealthy foreigners. The new “second home” visa allows foreigners to stay for five or 10 years. Applicants must have at least $130,000 in…

Trump should testify to the Jan. 6 committee because he has ‘nothing to hide,’ his lawyer says

Alina Habba, lawyer for former President Donald Trump, on Newsmax TV on October 25, 2022 Newsmax TV/YouTube Trump lawyer Alina Habba said he should have “no problem” testifying to the January 6 committee.  He has “nothing to hide,” Habba said of his role on January 6.  Trump has yet to respond to the subpoena, which…