Latest Morgan Stanley News

Wall Street rally hits wall of hot jobs, cold earnings data

Feb. 03, 2023 16:22 PM EST

NEW YORK (AP) — Wall Street’s big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The S&P 500 fell 1% for its first drop in four days, though it took an up-and-down route to get there....

Tesla says its 4Q profit rose 59%, expects strong demand

Jan. 25, 2023 20:28 PM EST

DETROIT (AP) — Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels...

Goldman Sachs, Shockwave fall; Morgan Stanley, Roblox rise

Jan. 17, 2023 16:23 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Goldman Sachs Group Inc., down $24.08 to $349.92. The investment bank reported weak fourth-quarter financial results as deals dried up. National Instruments Corp., up...

Goldman, M. Stanley profits plunge as dealmaking dries up

Jan. 17, 2023 10:55 AM EST

NEW YORK (AP) — The profits for two iconic Wall Street firms — Goldman Sachs and Morgan Stanley — plunged sharply last quarter as volatile markets cut deeply into investment banking. Goldman's profits tumbled 66% to $1.33 billion in the fourth quarter, it said Tuesday, well...

Wall Street braces for earnings to get hit by inflation

Jan. 05, 2023 08:01 AM EST

NEW YORK (AP) — Wall Street expects companies to face a reckoning with the realities of hot inflation, a slowing economy and rising interest rates in the latest round of earnings results. Analysts are forecasting an earnings contraction of about 3.5% for the fourth quarter,...

Wall Street ends mixed following strong data on wages, jobs

Dec. 02, 2022 17:28 PM EST

Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation. The S&P 500 ended 0.1% lower after having been...

Marlins promote Caroline O'Connor to president

Nov. 14, 2022 09:36 AM EST

MIAMI (AP) — Caroline O’Connor didn’t know what her ceiling was when she entered the sports business world, simply because there were so few examples of women who traveled her path. Turns out, she had no limit. The Miami Marlins promoted O’Connor to president...

Elon Musk sells $3.95 billion worth of Tesla stock

Nov. 09, 2022 15:30 PM EST

Twitter's new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday's filings with the...

Carvana falls as rising rates, inflation cut used car sales

Nov. 07, 2022 18:24 PM EST

DETROIT (AP) — Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company's struggles with falling prices and waning demand for its products. The latest downturn comes after the shares fell almost 40% on Friday following Morgan Stanley analyst...