Two major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week.Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan Chase & Co. is suggesting investors buy five-year notes as yields … Read more
The major averages were all up for the holiday shortened trading week, with the S&P 500 closing at a new all-time high on Friday, beating its last record set in January 2022. The week’s biggest winner, however, was the tech-heavy Nasdaq, which gained more than 2%. The Magnificent Seven (Amazon, Alphabet, Apple, Meta Platforms, Microsoft, … Read more
Trian Partners co-founder and major Disney shareholder Nelson Peltz formally launched his battle for board seats Thursday — pushing for the right kinds of changes to fix the entertainment giant’s problems and lagging stock price. Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company’s upcoming annual meeting. … Read more
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images Morgan Stanley‘s new CEO Ted Pick on Thursday expressed confidence that his bank will hit financial targets of $10 trillion in client assets and a 20% return. … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. Win Mcnamee | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. But as we saw with Wells Fargo on Friday, EPS had initially looked like a miss. That, coupled with Morgan Stanley’s new CEO expressing macro caution, set the tone for a tough session for the stock. Revenue for the three months ended Dec. 30 increased … Read more
Here are the most important news items that investors need to start their trading day: 1. Short week ahead Earnings and economic data could drive stocks in a shortened U.S. trading week. Goldman Sachs and Morgan Stanley will headline the week’s results when they report Tuesday morning. U.S. December retail sales data due Wednesday will … Read more
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023. Michael M. Santiago | Getty Images Morgan Stanley reported fourth-quarter earnings before the bell Tuesday. Here’s how the bank did compared with Wall Street expectations: Earnings per share: 85 cents, may not compare with $1.01 expected, according to LSEG Revenue: $12.9 … Read more
Signage ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024. Adam Galici | CNBC This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more
