• American Pilots Say 'What About Us?' After Delta Pays Out $1.1 Billion In Profit Sharing

    10 days ago - By Forbes

    Delta Air Lines says it will pay $1.1 billion in profit sharing in 2018, providing about 10% of wages for each of its 80,000 employees. American pilots say their profit sharing rate is far less.
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    10 days ago - By Business Insider

    Here is what you need to know.
    Morgan Stanley's US equity chief explains why the recent meltdown signaled the 'final stage' of the bull market. "We're very late-cycle in the economic expansion, and I measure that primarily through the labor market," Morgan Stanley's chief US equity strategist, Mike Wilson, told Business Insider's Joe Ciolli. "We're at full employment or just below it, and to me it's pretty clear that there's not much slack left in the economy - and that's usually the final stage of a market cycle."
    Get ready for the Year of the Dog. The Chinese New Year takes place Friday...
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  • A $470 billion investment chief at JPMorgan tells us 'the US is losing its fiscal discipline' - and he says that's huge risk for markets

    A $470 billion investment chief at JPMorgan tells us 'the US is losing its fiscal discipline' - and he says that's huge risk for markets

    10 days ago - By Business Insider

    The Federal Reserve is reducing its holdings of Treasury bonds at a time when the US government is about to ramp up issuance amid surging budget deficits.
    Bob Michele of JP Morgan Asset Management, says he's closely watching the trend, but believes there will be enough overseas demand to prevent a crippling spike in US borrowing costs.
    "There's no doubt that what we're seeing coming out of the budget, the US is losing its fiscal discipline, and you'll see increased supply coming out of the Treasury at a time when the Fed is reducing its holdings ," he said.
    The Treasury is about to ramp up...
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