Morgan’s Stanley’s chief US equity strategist isn’t concerned about a “systemic” financial crisis like the one that brought the economy to its knees 14 years ago. But he is warning clients about a looming plunge in corporate profits next year as the economy stumbles.
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Even the world’s richest person needs financial advice. That’s great news for Morgan Stanley, the investment bank of choice for Elon Musk.
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Investment bank Morgan Stanley announced it would buy the online brokerage E-Trade for roughly $13 billion, one of the biggest deals on Wall Street since the financial crisis.
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Morgan Stanley is cutting approximately 1,500 jobs because of concerns about economic uncertainty around the world, a person familiar with the matter told CNN Business. And more cuts may be coming at other banks.
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Don’t count out Microsoft in the race to $1 trillion. Apple, the most valuable company in America, is already valued at about $850 billion. Amazon and the parent company of Google are each above $700 billion. So is Microsoft. And analysts at Morgan Stanley say the company could hit...
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