Merrill Lynch & Co. Inc. will name New York Stock Exchange chief executive John Thain as its new CEO, according to published reports.
The move is somewhat unexpected as the smart Wall Street money was on BlackRock Inc. chief executive Laurence Fink, according to a report in The Wall Street Journal.
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Skeptics says products often fare worse than simpler alternatives.
Following a 13 percent advance this year, the price of the yellow metal wavered as traders weigh the odds of harmful rate hikes.
Data show amped-up net buying in sector through long positions and short-covering even amid a slide in S&P 500 IT index.
The S&P 500 is poised to extend gains on tech earnings while short-term Treasury yields fell following brisk rise in Fed’s preferred inflation gauge.
Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.
