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
Tag: MS
Elon Musk slashing jobs at Twitter to avoid $700M loss next year: sources
Elon Musk’s drastic decision to lay off half of Twitter’s workforce on Friday was driven by the company’s dire finances — with the now-private company on track to lose $700 million in Read more
Opinion: Wall Street CEOs confirm their allegiance to Beijing
China has been in the news plenty this year. First there was the controversy surrounding Beijing’s hosting of the Winter Olympics. And then the United Nations issued a report confirming China’s “crimes against humanity.” Read more
Mobileye IPO: 5 things to know about the Intel autonomous-driving spinoff
While Intel INTC, +0.71% executives reportedly dreamed of a valuation as high as $50 billion, the market for initial public offerings has crashed in 2022 after a record year in Read more
Huntington Bancshares takes long view as other banks scramble on mortgages, auto loans and lower deposits
Huntington Bancshares Corp. stock rallied Friday as the financial-services company raised its outlook for net interest income above Wall Street estimates while acknowledging the economic headwinds that have been challenging Read more
Morgan Stanley evaluating job cuts, CEO says
Morgan Stanley CEO James Gorman said the marquee investment bank is studying potential job cuts as the latest big financial institution to look for ways to reduce costs headed into Read more
Why risk of lower 2023 earnings spells bad news for stock market as inflation crushes Fed-pivot hopes
Unrelenting inflation has dashed hopes for a quick pivot away from aggressive interest rate hikes by the Federal Reserve, which in turn is undermining the U.S. corporate earnings outlook for Read more
JPMorgan profit falls but beats estimates while Morgan Stanley misses
JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest income in Read more
Expect job-market strength to hold despite labor costs pinching company earnings
Not everyone expects to see large-scale layoffs wash over America, even as recession fears lurk and labor costs emerge as a top concern for companies in the third-quarter earnings season. Read more
S&P 500 books second lowest close of the year. And it still can get scarier for stocks.
Scarier days lie ahead for the stock market, according to Mizuho Securities. While the S&P 500 SPX, -0.65% has fallen about 25% from its peak this year, there’s “more pain Read more