Big banks cut thousands of jobs, more layoffs coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters …
Morgan Stanley
Stocks making the biggest moves midday: UAL, NVDA, MS
Check out the companies making headlines in midday trading. United Airlines — The airline stock dropped more than 8%. On Tuesday, the company warned that pricier jet fuel and a …
Morgan Stanley (MS) earnings 3Q 2023
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014. Joshua Roberts | Reuters Morgan Stanley posted third-quarter …
Stock market today: Live updates
Country Garden says it is unable to meet its offshore debt obligations: Reuters Chinese property developer Country Garden Holdings has said it does not expect to be able to meet …
Bank of America (BAC) earnings 3Q 2023
Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Earnings per share: 90 cents vs. expected 82 cent estimate from …
Russell 2000’s best day since July is good for markets
A Charles Schwab location in New York, US, on Friday, July 7, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, …
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Markets look for footing U.S. stock futures ticked higher Monday morning, as markets come …
New jobs, side hustles reviewing AI are being spawned
The logo of generative AI chatbot ChatGPT, which is owned by Microsoft-backed company OpenAI. CFOTO | Future Publishing via Getty Images Artificial intelligence might be driving concerns over people’s job …
Morgan Stanley downgrades Chinese e-commerce stock on weak demand
Uncertainty around growth and profitability for JD.com has kept Morgan Stanley “waiting for the silver lining.” The bank downgraded shares to equal weight from overweight. It also slashed its price …
Comcast, Disney hire Morgan Stanley, JPMorgan to value Hulu
Bob Iger, CEO, Disney, and Brian Roberts of Comcast Getty Images Comcast and Disney have hired investment banks to value Hulu, the next step in what’s been a nearly five-year …