Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It Read more
Category: News
Goldman Sachs profit drops sharply and misses estimates, stock dips
Goldman Sachs Group Inc. GS, +1.10% stock is down about 1.7% in premarket trades after the investment bank reported sharply lower fourth-quarter earnings that missed analyst expectations, after a blockbuster Read more
Travelers stock down premarket after insurer offers Q4 guidance that lags consensus after massive winter storm
Travelers Cos. Inc. stock TRV, +1.01% fell 1.8% in premarket trade Tuesday, after the insurer offered fourth-quarter profit guidance that lagged consensus, as it books losses from the winter storm Read more
Chinese EV Maker Xpeng Cuts Prices by Around 10%
By Yifan Wang Chinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats Read more
Italy arrests Mafia boss after 30 years on the run
ROME (AP) — Italy’s No. 1 fugitive, convicted Mafia boss Matteo Messina Denaro, was arrested on Monday at a private clinic in Palermo, Sicily, after 30 years on the run, Read more
Germany’s defense minister resigns amid Ukraine criticism
BERLIN (AP) — German Defense Minister Christine Lambrecht has resigned following persistent criticism of her handling of military modernization programs and the country’s arms deliveries to Ukraine. Lambrecht said in Read more
Dow, S&P 500 end higher Friday, book best week of gains in two months
U.S. stocks booked modest gains Friday, while advancing for a second week in a row to kick off 2023. The Dow Jones Industrial Average DJIA, +0.33% gained about 112 points, Read more
U.S. stocks could fall 10% as ‘pain trade’ takes hold before bouncing back later in the year
The year ahead is promising not to be an easy one for investors as a recession threat looms, but Bank of America is offering some advice on when things might Read more
‘Poker move’ or wake-up call? Wall Street weighs in on Tesla’s price cuts.
Tesla Inc.’s price cuts in the U.S. and Europe heightened worries on Wall Street about the electric-car maker’s margins and worsening demand at a moment when both aspects of the Read more
Dow turns positive, stocks pare losses as market heads for second weekly gain to kick off 2023
U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors scrutinized more economic data and Federal Reserve commentary following Thursday’s promising inflation report, as well Read more