This time of year is peak forecasting season — holiday retail sales, lists of stocks you should buy this year and, of course, market forecasts all keep economists, strategists and analysts busy. I always make time to mock some of the sillier approaches to prediction-making. Indeed, I have been doing this for so long that some pushback has developed ...

  Bloomberg Morgan Stanley, Wall Street’s biggest stock-trading firm by revenue, is cutting its global bonus pool for the equities division by as much as 4 percent and dismissing some employees after the industry’s results flagged last year, according to people with knowledge of the plans. The firm, which is set to pay annual bonuses next month, has been fine-tuning ...

  Bloomberg Credit Suisse Group AG may not need to sell stock in its Swiss unit to raise capital after the bank resolved a major legal issue, according to Harris Associates, one of its biggest investors. The bank announced in December that it would pay more than $5 billion to end a years-long US investigation into the role of its ...