Latest Morgan Stanley News

This Oct. 25, 2018 photo, employees at the sports book at the Tropicana casino in Atlantic City N.J. count money moments before it opened. Gambling companies in the U.S. are increasingly bringing different forms of gambling together, including sports betting, casino gambling, internet gambling and daily fantasy sports, and partnering with media companies as they seek to increase revenue. (AP Photo/Wayne Parry)

Different types of gambling, media converging for growth

Jan. 26, 2021 12:20 PM EST

ATLANTIC CITY, N.J. (AP) — The many different types of gambling are quickly coming together with each other and with media outlets — and Wall Street is taking notice. Casino gambling, internet gambling, sports betting and daily fantasy sports are no longer separate silos with unique audiences:...

A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 26, 2021. Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction. (AP Photo/Vincent Yu)

Asian shares retreat after bumpy day on Wall Street

Jan. 25, 2021 11:01 PM EST

BANGKOK (AP) — Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction. Hong Kong led other regional markets lower, dropping 1.9% to 29,587.91. Markets in Australia and India were closed for holidays. Traders are keeping a wary...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)

Asian shares rise on optimism for more stimulus from Biden

Jan. 20, 2021 11:07 PM EST

TOKYO (AP) — Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, setting off a recovery that's crucial for the export-driven...

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. (AP Photo/Mark Lennihan, File)

Morgan Stanley profits rise 48%, helped by strong markets

Jan. 20, 2021 10:27 AM EST

CHARLOTTE, N.C. (AP) — Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. The New York-based firm posted a profit $3.39 billion, or $1.81 a...

In this photo provided by the New York Stock Exchange, traders Edward MacCarthy, left, and Robert Charmak work on the trading floor, Tuesday, Jan. 12, 2021. U.S. stocks are drifting near their record heights Tuesday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year. (Colin Ziemer/New York Stock Exchange via AP)

Asian stocks mixed after Wall St rebounds from uncertainty

Jan. 12, 2021 11:19 PM EST

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol. Tokyo, Australia and South Korea advanced while Shanghai was off by 0.1%. Hong Kong...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)

Asian stocks gain as markets watch for Biden stimulus plan

Jan. 12, 2021 12:02 AM EST

BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...

FILE - This Monday, Nov. 16, 2020 file photo shows the Federal Reserve in Washington. The Federal Reserve said Friday, Dec. 18, 2020 that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. (AP Photo/J. Scott Applewhite, File)

Fed finds big US banks in solid shape; keeps dividend limits

Dec. 18, 2020 8:07 PM EST

WASHINGTON (AP) — The Federal Reserve said Friday that the 33 largest U.S. banks are in strong shape despite the pandemic’s economic shock. The banks have ample capital cushions girding them against unexpected losses and that will also enable them to keep lending even under the most severe straits,...

In this photo provided by the New York Stock Exchange, trader Ashley Lara, left, works on the floor during the Golden Falcon IPO, Friday, Dec. 18, 2020. U.S. stock indexes are slipping from their record levels Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. (Colin Ziemer/New York Stock Exchange via AP)

US stocks slide from records as wait continues for Congress

Dec. 18, 2020 4:50 PM EST

Wall Street capped a solid week of gains on a down note Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. The S&P 500 fell 0.4%, a day after it and other major indexes returned to record heights. The decline snapped a three-day winning...

FILE - Massachusetts Secretary of the Commonwealth Bill Galvin testifies on Capitol Hill in Washington, Wednesday, May 22, 2019. Regulators in Massachusetts claim Robinhood Financial targets and manipulates inexperienced investors and has failed to prevent costly outages on its popular stock trading platform. In an administrative complaint filed Wednesday, Dec. 16, 2020 by Galvin, the state alleges that Robinhood violated securities laws by aggressively marketing itself to Massachusetts investors “without regard for the best interest of its customers,

Robinhood accused of downplaying the risks of trading

Dec. 16, 2020 3:03 PM EST

Regulators in Massachusetts claim Robinhood Financial targets and manipulates inexperienced investors and has failed to prevent costly outages on its popular stock trading platform. In an administrative complaint filed Wednesday by Secretary of the Commonwealth William Galvin, the state alleges that Robinhood...

Blade set to lift off; urban heli-taxi to go public in 2021

Dec. 15, 2020 1:09 PM EST

NEW YORK (AP) — Urban helicopter taxi company Blade will become publicly traded after a merger with Nasdaq-listed Experience Investment Corp., the companies announced Tuesday. The deal, expected to close in the first half of 2021, will give the company an equity value of $825 million. Proceeds from the...