5 Things to Watch This Week
There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead once Monday rolls around.
invesco
5 Things to Watch in Next Week's Market News
There's no such thing as a summertime lull when earnings season is upon us. Even if you don't feel like alerting the "sell in May and go away" camp of investors, there are plenty of headlines to be written about. Here are five things that will shape the way the market acts in the week ahead.
Morgan Stanley to Sell Its Invesco Stake
Morgan Stanley said it is divesting its 6.7% stake in investment manager Invesco. The investment bank will sell the 30.9 million shares it received as part of the sale of its Van Kampen mutual fund portfolio to Invesco, a stake worth nearly $717 million at Tuesday's closing price of $23.20.
Free Trade: No-Commission Trades for ETFs are Here to Stay
It looks like no-commission trades for exchange-traded funds are here to stay. Several of the largest ETF brokerages -- including iShares, Invesco Powershares and Charles Schwab -- say they don't plan to charge commission anytime soon.