Latest Morgan Stanley News

Goldman Sachs' profits jump 60% helped by deal-making frenzy

Oct. 15, 2021 10:34 AM EDT

NEW YORK (AP) — Goldman Sachs' profits jumped 60% in the third quarter, as the deal-making bonanza that dominated financial markets this summer brought in hundreds of millions of dollars in fee revenue for the investment bank. The New York-based firm said Friday that...

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

JPMorgan's 3Q profits rise, but low rates weigh on revenue

Oct. 13, 2021 13:05 PM EDT

NEW YORK (AP) — JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels. Despite the slow revenue growth, the bank...

Two anchors of COVID safety net ending, affecting millions

Sep. 05, 2021 10:46 AM EDT

WASHINGTON (AP) — Mary Taboniar went 15 months without a paycheck, thanks to the COVID pandemic. A housekeeper at the Hilton Hawaiian Village resort in Honolulu, the single mother of two saw her income completely vanish as the virus devastated the hospitality industry. ...

Editorial Roundup: New England

Aug. 06, 2021 17:05 PM EDT

Portland Press Herald. August 6, 2021. Editorial: Maine State Police justified in plan to use body cameras The equipment is expensive, but it will boost accountability and public confidence in the agency’s work. Vast stretches...

Walmart mandates vaccines for workers at headquarters

Jul. 30, 2021 17:22 PM EDT

NEW YORK (AP) — Walmart is requiring that all workers at its headquarters as well as its managers who travel within the U.S. be vaccinated against COVID-19 by Oct. 4. The retailer based in Bentonville, Arkansas, is also reversing its mask policy for its employees...

Biden orders tough new vaccination rules for federal workers

Jul. 30, 2021 06:50 AM EDT

WASHINGTON (AP) — President Joe Biden has announced sweeping new pandemic requirements aimed at boosting vaccination rates for millions of federal workers and contractors as he lamented the “American tragedy” of rising-yet-preventable deaths among the unvaccinated. ...

Biden orders tough new vaccination rules for federal workers

Jul. 29, 2021 20:12 PM EDT

WASHINGTON (AP) — President Joe Biden on Thursday announced sweeping new pandemic requirements aimed at boosting vaccination rates for millions of federal workers and contractors as he lamented the “American tragedy” of rising-yet-preventable deaths among the unvaccinated. ...

Google delays return to office, mandates vaccines

Jul. 28, 2021 19:43 PM EDT

SAN RAMON, Calif. (AP) — Google is postponing a return to the office for most workers until mid-October and rolling out a policy that will eventually require everyone to be vaccinated once its sprawling campuses are fully reopened. The more highly contagious delta...

Bad Breadth: Whiff of danger as market gains lack scope

Jul. 22, 2021 10:46 AM EDT

NEW YORK (AP) — Even before Monday’s swoon — the worst day for stocks on Wall Street in a couple months — the market was flashing concerning signals. Chief among them were sharp moves in the bond market that indicated worsening expectations for economic growth and...