gift

Hall of Famer Mike Schmidt remembers Joe Morgan, ‘God’s gift to baseball’

Joe Morgan’s eye-popping Hall of Fame ledger does not include any saves, but he did earn one in his career.

Morgan, who died at 77 on Sunday, spent the 1983 season with the Phillies and helped the club win the National League pennant.

In May of that season, Mike Schmidt was in the throes of a hellacious slump. Schmidt’s struggles reached an agonizing crescendo in a game against Montreal at Veterans Stadium on May 28.

“I struck out four times on 12 pitches,” Schmidt said Monday. “You can look it up.”

We did.

He was right.

In the top of the ninth inning, the game was delayed for 18 minutes by rain. His misery prolonged, Schmidt retreated to the clubhouse. He was beside himself.

“I was actually thinking about retiring, getting in my car in full uniform and driving home,” he said.

Morgan walked over to Schmidt in the clubhouse

Read More Read more
shopping

Morgan Stanley’s Shopping Spree Sends Stock Markets Higher; Domino’s Gets Cooked

Stocks continued to press higher on Thursday, lifted by optimism among market participants. Investors seem convinced that the federal government will step in to bolster the U.S. economy and that everything will work out fine with the presidential election, the COVID-19 pandemic, and the rest of the long list of worries out there right now. Just before 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 78 points to 28,382. The S&P 500 (SNPINDEX:^GSPC) picked up 19 points to 3,439, and the Nasdaq Composite (NASDAQINDEX:^IXIC) moved higher by 50 points to 11,415.

One of the big laggards in 2020 has been the financial sector, but that hasn’t stopped Morgan Stanley (NYSE:MS) from making a big play to expand its business this year, and its latest deal sent a prominent money manager’s stock soaring. Meanwhile, Domino’s Pizza (NYSE:DPZ) has been a favorite among consumer stocks, but its share price

Read More Read more
shopping

Morgan Stanley still shopping, buys Eaton Vance for $7B

NEW YORK (AP) — Morgan Stanley will buy the investment management firm Eaton Vance in a deal valued at about $7 billion.

Morgan Stanley has actively gone after potential targets this year. The prosed acquisition Thursday comes just days after it closed on one of the biggest deals on Wall Street since the 2008 financial crisis, the $13 billion takeover of E-Trade Financial.

Eaton Vance, based in Boston, has over $500 billion in assets under management.

Morgan Stanley Chairman and CEO James P. Gorman said in a prepared statement Thursday that Eaton Vance will add more fee-based revenues to its investment banking and institutional securities franchise. The deal will give Morgan Stanley’s investment management arm approximately $1.2 trillion of assets under management and more than $5 billion of combined revenues.

Eaton Vance shareholders will receive $28.25 per share in cash and 0.5833 of Morgan Stanley common stock, or approximately $56.50

Read More Read more
model

J.P. Morgan and 55ip partner to deliver tax-efficient access to model portfolios (NYSE:JPM)

J.P. Morgan Asset Management and 55ip collaborate to provide advisors with the ability to easily and efficiently transition clients into J.P. Morgan model portfolios using 55ip’s automated tax technology.

“As the adoption of models continues to gather steam, our partnership with 55ip will make it easier for advisors to transition to diversified model portfolios in a tax-efficient manner so they can focus on building their business and helping clients achieve their goals,” said Andrea Lisher, Head of Americas Client, J.P. Morgan Asset Management. “This new platform is testament to our continued focus on harnessing best-in-class technologies to improve the advisor experience and solve client needs.”

Press release

Source Article Read More

Read more
gift

Jewish Future Pledge Announces Collaboration with Morgan Stanley GIFT to Advance Faith-Based Giving Initiative

The MarketWatch News Department was not involved in the creation of this content.


BOCA RATON, Fla., Sept. 30, 2020 /PRNewswire via COMTEX/ —
BOCA RATON, Fla., Sept. 30, 2020 /PRNewswire/ — Today, the Jewish Future Pledge—a non-profit initiative that calls on Jewish donors to earmark at least 50% of the charitable giving in their estate plan to Jewish or Israel-related causes— announced a new collaboration with Morgan Stanley’s charitable giving vehicle, Morgan Stanley GIFT, a donor advised fund, as part of the financial services company’s faith-based giving and investing initiative.

According to a 2020 report by Giving USA, religious contributions make up the largest percentage of total charitable contributions in the U.S. – and Morgan Stanley has placed focus in recent years in supporting clients in translating their faith-based values into their charitable contributions and investments. Morgan Stanley GIFT and the Jewish Future Pledge (“The Pledge”) plan to work together

Read More Read more