Posts filtered by tags: Morgan Stanley[x]


 

US stocks erase losses, finish higher amid renewed stimulus optimism

Getty Images / Bryan R. Smith US stocks erased their morning losses and closed higher on Wednesday as investors once again latched onto hope that another round of fiscal stimulus is imminent.Democratic leaders embraced a bipartisan proposal for $908 billion in stimulus, as they hope to get the bill passed and enacted before crucial unemployment benefits expire next month.Watch major indexes update live here.After an initial morning decline, US stocks finished mostly higher on Wednesday as ...
Tags: UK, Microsoft, Finance, US, Trends, Markets, Merck, Joe Biden, Hsbc, Trading, Stocks, Goldman Sachs, Pfizer, Stock Market, Donald Trump, Morgan Stanley


Palantir plummets 18% after Morgan Stanley downgrades company on questionable valuation following massive run

Arnd Wiegmann/Reuters Palantir plummeted as much as 18% on Wednesday after Morgan Stanley downgraded the company to Under-weight from Equal-weight.Palantir has seen a massive rally since it went public in September, surging as much as 235% based on last Friday's high of $33.50."With very little change in the fundamental story, the risk/reward paradigm shifts decidedly negative for the shares," Morgan Stanley warned.Visit Business Insider's homepage for more stories.Palantir declined as muc...
Tags: Trends, Hsbc, Morgan Stanley, Palantir, Citron, Citron Research, Matthew Fox, Andrew Left, Arnd Wiegmann Reuters Palantir, PLTR


Exclusive tips from Morgan Stanley's CIO, plus how to find promising SPACs

Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. Mario Tama / Getty Images Dear Readers,The period around Thanksgiving has given investors quite a bit to be thankful for: The S&P 500 finished last week at all-time highs and the Dow just capped off its best month since 1987. There's also bitcoin, which spiked to a new intraday record on Monday, adding to its 170%-plus r...
Tags: Europe, Utah, Kentucky, US, Trends, Investing, Markets, Barclays, Bank, Stocks, Stock Market, Morgan Stanley, Goldman, Wilson, Rbc, Sachs


Bottom-up SaaS: A framework for mapping pricing to customer value

Caryn Marooney Contributor Share on Twitter Caryn Marooney is general partner at Coatue Management and sits on the boards of Zendesk and Elastic. In prior roles she oversaw communications for Facebook, Instagram, WhatsApp and Oculus and co-founded The OutCast Agency, which served clients like Salesforce.com and Amazon. More posts by this contributor Should your SaaS startup embrace a bottom-up GTM strategy? ...
Tags: Startups, Column, Entrepreneurship, Marketing, Tech, David, SaaS, Morgan Stanley, Pricing, Asana, Zendesk, GTM, Coatue, Caryn Marooney, Coatue Management, Facebook Instagram WhatsApp


Compass reorganizes regional leadership amid IPO chatter

Danielle Wilkie, who joined Compass in 2019, will serve as central president, a newly created position, to oversee 4,000 agents in markets including Colorado, Texas and Chicago.
Tags: Ipo, Bloomberg, Radio, Goldman Sachs, Compass, Morgan Stanley, Brokerage, Select, Colorado Texas, Peter Jonas, Kamini Lane, Danielle Wilkie, Neda Navab


Exxon is slashing workers and cutting costs as a hobbled oil market slowly recovers. Here's everything we know.

Exxon CEO Darren Woods Mark Schiefelbein/Getty; Skye Gould/Business Insider Exxon is cutting costs and shrinking its workforce to stay afloat amid the worst oil downturn in a generation. Here's everything we know about the cuts, from layoffs to reduced employee benefits.   Do you have information about Exxon? Reach out to this reporter at [email protected] or through the encrypted messaging app Signal at 646-768-1657.  For more stories like this, sign up here for our weekly energy...
Tags: Europe, Australia, Singapore, US, Trends, Exxon Mobil, Bloomberg, Canada, Houston, Morgan Stanley, Guyana, Exxon, Corbis, KENA BETANCUR, Darren Woods, Benji Jones


Nikola slips 25% after striking long-awaited deal with General Motors that doesn't include crucial equity stake

Nikola Nikola Corp. slipped 25% on Monday after it announced a long awaited deal with General Motors.The pair signed a memorandum of understanding that General Motors will provide Nikola with its Hydrotec fuel-cell system for use in Nikola's commercial semi-trucks.The deal does not include General Motors taking an equity stake in Nikola or an OEM partnership to build Nikola's Badger pickup truck.Visit Business Insider's homepage for more stories.Nikola Corp. briefly surged, and then dipped...
Tags: Trends, General Motors, Morgan Stanley, Goldman, ESG, MOU, Milton, Mark Russell, Nikola, Hindenburg, Matthew Fox, Trevor Milton, Nikola Corp, General Motors Ultium, Hydrotec, Jessica Alsford


S&P Global strikes all-stock deal worth $44 billion to buy London-based financial data provider IHS Markit

Reuters S&P Global has struck a deal to buy IHS Markit for $44 billion, the companies announced Monday.The mega deal marks the largest transaction on Wall Street this year, according to Dealogic.Upon completion of the deal, current S&P Global shareholders will own about 68% of the combined company on a fully diluted basis, while IHS Markit shareholders will own about 32%.The deal is expected to close in the second half of 2021.The combined group expects to generate annual free cash flow ex...
Tags: UK, London, Wall Street, Softbank, Global, Trends, Markets, Bloomberg, Analytics, Credit Suisse, M&a, Nvidia, Deal, ARM Holdings, Morgan Stanley, ESG


European shares retreat as caution over the economic outlook resurfaces after the biggest ever monthly rally

The Bull and Bear sculptures outside the Frankfurt Stock Exchange Xinhua/Getty Images European shares eased, but would still likely post their biggest monthly increase on record in November, buoyed by optimism over the economic outlook from the rollout of a COVID-19 vaccine. Market-based signs of investor nervousness, including falling government bond yields and a rise in volatility, pointed to a degree of caution over the coming weeks. "Even with so many very positive signs on vaccines, i...
Tags: Asia, Europe, UK, US, Trends, Opec, United States, Shanghai, European Commission, Tokyo, Boris Johnson, US Treasury, Pfizer, Morgan Stanley, Goldman, ESG


S&P Global is close to buying London-based financial data provider IHS Markit for $44 billion, report says

Reuters S&P Global is in advanced talks to buy IHS Markit for $44 billion, the Wall Street Journal reported.The mega deal would mark the largest transaction on Wall Street this year, according to Dealogic.Talks could fall apart as the deal hasn't been finalized. IHS Markit would be open to a rival offer if there is a higher bidder.S&P Global has been looking to bolster its data business since its $2.2 billion acquisition of SNL Financial in 2015.Visit Business Insider's homepage for more s...
Tags: UK, London, Wall Street, Softbank, Trends, Markets, Bloomberg, Analytics, M&a, Nvidia, Deal, ARM Holdings, Morgan Stanley, ESG, Wall Street Journal, Platts


Here’s how the US economy could transform under Biden after his appointment of Janet Yellen as Treasury Secretary — starting with sizable stimulus

Former Federal Reserve Chair Janet Yellen. BRENDAN SMIALOWSKI/AFP via Getty Images President-elect Joe Biden's nomination of Janet Yellen to head the Treasury Department offers the clearest look yet at how his administration aims to drive an economic recovery. The former Federal Reserve chair is set to enter the Cabinet as the first woman to run the department and become the first person to lead the Treasury, Fed, and White House Council of Economic Advisers. Here's what Yellen's appointme...
Tags: Labor, Senate, US, Trends, Georgia, Tesla, Joe Biden, Treasury, Janet Yellen, Federal Reserve, Biden, Morgan Stanley, ESG, Lazard, Cabinet, Yellen


Mohamed El-Erian sounds the alarm on brewing bond-market risks that could plunge the most vulnerable companies into bankruptcy

Reuters/Lucy Nicholson Economist Mohamed El-Erian cautioned investors about the risk of rising corporate bankruptcy rates in an interview with Bloomberg TV on Friday.While many investors are ignoring short-term market risks in the hopes that 2021 will be met with a swift vaccine deployment and economic recovery, El-Erian said the time between now and a rollout of the vaccine matters."People have got to be very careful, especially in high-yield credit, and in emerging markets," he said.Visi...
Tags: US, Trends, Investing, Markets, Mohamed El Erian, Vaccine, Bond Market, Morgan Stanley, Goldman, Reuters, Allianz, Bloomberg TV, El Erian, ERIAN, Lucy Nicholson, Mike Wilson


Amazon is expanding its logistics empire like never before to prepare for this holiday season — and it still may not be enough

The inside of an Amazon fulfillment center in Robbinsville, New Jersey on December 2, 2019. REUTERS/Lucas Jackson/File Photo Amazon has massively scaled up its workforce and logistics network to respond to the surge in online shopping during the holiday season due to the pandemic. The e-commerce giant has hired more than 400,000 employees, grown its delivery fleet to include a total of 80 planes and 50,000 delivery trucks, and has expanded its warehouse space by more than 50%. But Amazon s...
Tags: Amazon, Nbc News, US, Trends, Bloomberg, UPS, New York Times, Morgan Stanley, Boeing, National Retail Federation, Robertson, Charlotte North Carolina, Satish Jindel, Jindel, Ravi Shanker, Business Insider Amazon


'No longer a stock but a full casino': Palantir will lose one-third of its value by year-end after surging more than 300% since going public, says short-seller Citron Research

Arnd Wiegmann/Reuters Citron Research initiated a short position on Palantir shares on Friday, saying the stock's 300% leap since its September 30 direct listing is unsustainable.The short-selling firm expects Palantir to tumble roughly 33% to $20 by the end of the year."As traders looking for short exposure, Palantir is no longer a stock but a full casino," Citron said in a tweet.The news did little to curb investor enthusiasm. Palantir soared as much as 15% on Friday morning before parin...
Tags: US, Trends, Joe Biden, Goldman Sachs, Biden, Morgan Stanley, Defense Department, Palantir, Citron, Citron Research, Mike Wilson, Ben Winck, Arnd Wiegmann Reuters Citron Research


'No longer a stock but a full casino': Palantir will lose one-third of its value by year-end after surging more than 300% since going public, short-seller Citron Research says

Arnd Wiegmann/Reuters Citron Research initiated a short position on Palantir shares on Friday, saying the stock's 300% leap since its direct listing on September 30 is unsustainable.The short-selling firm said it expected Palantir to tumble roughly 33%, to $20, by the end of the year."As traders looking for short exposure, $PLTR is no longer a stock but a full casino," Citron said in a tweet.The news led Palantir to reverse strong early gains and slide as much as 10%.Watch Palantir trade l...
Tags: US, Trends, Joe Biden, Goldman Sachs, Biden, Morgan Stanley, Defense Department, Palantir, Citron, Citron Research, Mike Wilson, Ben Winck, PLTR, Arnd Wiegmann Reuters Citron Research


US stocks climb as investors weigh political clarity against virus risks

REUTERS/Brendan McDermid US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about rising COVID-19 cases.President Donald Trump said Thursday that he'd hand over power when the Electoral College certifies President-elect Joe Biden as the winner of the 2020 election.The US reported 125,082 new coronavirus cases on Thursday, bringing the seven-day average to 163,831, according to the COVID Tracking Project. Deaths topped 254,000, and hosp...
Tags: Europe, White House, US, Trends, Markets, Joe Biden, Treasury, Deutsche Bank, Oil Price, Janet Yellen, Goldman Sachs, Biden, Donald Trump, Morgan Stanley, Dow Jones, Gold Price


Warren Buffett joked that he would be 'eating Thanksgiving dinner at McDonald's' if the US government hadn't bailed out the banks in 2008

Warren Buffett loves McDonald's. "Becoming Warren Buffett"/HBO Warren Buffett joked in a CNBC interview in 2010 that he would've faced a fast-food Thanksgiving in 2008 if US authorities hadn't saved the financial system."If the government hadn't acted, I would be eating Thanksgiving dinner at McDonald's," he said.The famed investor and Berkshire Hathaway CEO wouldn't mind too much, as he typically picks up breakfast at the restaurant chain on his way to work.Buffett is also the proud ow...
Tags: Hong Kong, US, Trends, Tesla, New York Times, Bill Gates, Treasury, Berkshire Hathaway, Omaha, Warren Buffett, Goldman Sachs, Morgan Stanley, General Electric, Sam, ESG, Lazard


Warren Buffett joked he would be 'eating Thanksgiving dinner at McDonald's' if the US government didn't bail out the banks in 2008

Warren Buffett loves McDonald's. "Becoming Warren Buffett"/HBO Warren Buffett faced a fast-food Thanksgiving in 2008 if US authorities didn't save the financial system, he joked in a CNBC interview in 2010."If the government hadn't acted, I would be eating Thanksgiving dinner at McDonald's," he said.The famed investor and Berkshire Hathaway CEO wouldn't mind too much, as he picks up breakfast at the restaurant chain on his way to work every day.Buffett is also the proud owner of a Mc...
Tags: Hong Kong, US, Trends, Tesla, New York Times, Bill Gates, Treasury, Berkshire Hathaway, Omaha, Warren Buffett, Goldman Sachs, Morgan Stanley, General Electric, Sam, ESG, Lazard


Goldman Sachs has been employing drones to get a close peek at potential bids before sealing billion-dollar deals during the pandemic

Sebastian Kahnert/picture alliance via Getty Images Goldman Sachs has been using drones to help secure billion-dollar deals during the pandemic.The shift to remote work forced investment bankers to conduct virtual tours of potential acquisition targets for their clients, the bank's co-head of mergers told CNBC."It gives buyers the confidence they need because when you are buying a business, you want to see, touch and feel what you are buying," he said.Over 95% of Goldman's deal transaction...
Tags: Microsoft, US, Trends, Cisco, Tesla, Goldman Sachs, Morgan Stanley, Goldman, ESG, Lazard, Cnbc, JPMorgan Goldman, COVID, Shalini Nagarajan, Getty Images Goldman Sachs, Sebastian Kahnert


US corporate profits jumped a record $495 billion in the 3rd quarter as the economy reopened

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. Jeenah Moon/Reuters US corporate profits surged to a record $495.3 billion, or at a 27.1% annualized rate, in the third quarter as consumer demand bounced back and firms reopened, Commerce Department data published Wednesday showed. The climb comes after 12% and 10.3% declines in the first and second quarte...
Tags: New York City, US, Trends, Bloomberg, Manhattan, Morgan Stanley, Commerce Department, Oxford Economics, New York Stock Exchange NYSE, Gregory Daco, Jeenah Moon Reuters, Ben Winck


10 things you need to know before the opening bell

Brendan McDermid/Reuters Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.For the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today - launching soon!Here's what you need to know before markets open.1. US futures point higher after Dow broke 30,000. See what markets are doing after a record-breaking day on Wall Street.2. Tesla's market cap could soon overtake Berkshire Hathaway's. Here's why the...
Tags: Finance, US, Trends, Markets, Tesla, Berkshire Hathaway, Ecb, Morgan Stanley, Dow, Morningstar, Byron Wien, Brendan Mcdermid, Uber Lyft, Federal Open Market Committee, David Goldsmith, 10 Things Before Opening Bell


Dija, a new delivery startup from former Deliveroo employees, is closing in on a $20M round led by Blossom

Dija, a new U.K. based startup founded by senior former Deliveroo employees, is closing in on $20 million funding, TechCrunch has learned. According to multiple sources, the round, which has yet to close, is being led by Blossom Capital, the early stage venture capital firm founded by ex-Index and LocalGlobe VC Ophelia Brown. It’s not clear who else is in the running, although I understand it was highly contested and the startup had offers from several top tier funds. Blossom Capital and Dija de...
Tags: Fundings & Exits, Startups, TC, Europe, Softbank, Tech, Italy, Morgan Stanley, Instacart, Saban, Accel, Deliveroo, Blossom Capital, DIJA, Alberto Menolascina, Yusuf Saban


How to interpret the 'efficacy' rates of coronavirus vaccines

A volunteer receives an injection for a potential vaccine against COVID-19 at the Baragwanath Hospital on June 28, 2020 in Soweto, South Africa. The vaccine, developed by Oxford University's Jenner Institute, will inoculate 2,000 South Africans. Felix Dlangamandla/Beeld/Gallo Images via Getty Images Vaccine efficacy measures how well a vaccine works at preventing disease among vaccinated people, when compared to unvaccinated individuals. The vaccine efficacy numbers for coronavirus inj...
Tags: Science, News, US, Trends, Public Health, New York Times, Bill Gates, Astrazeneca, Pfizer, Oxford University, Vaccines, Times, Morgan Stanley, Anthony Fauci, Trevor Noah, Gates


Elon Musk surpasses Bill Gates as the world's second-richest person as Tesla's market value tops $500 billion

Asa Mathat | D: All Things Digital Elon Musk has overtaken Bill Gates as the world's second-richest person. His net worth is now $128 billion.Musk's wealth has been on a steady climb this month: Tesla's market cap soared as high as $509 billion Tuesday as it is set to join the S&P 500 in December.The jump in Musk's net worth places him second to Jeff Bezos, whose net worth stands at $182 billion.He predicted last year that self-driving Teslas, which are still being refined, would boost the...
Tags: Spacex, Elon Musk, California, Trends, Tech, Markets, Tesla, Bill Gates, Goldman Sachs, Jeff Bezos, Morgan Stanley, Gates, Billionaire, Musk, Bloomberg Billionaires Index, Net Worth


Getting ahead of an economic rebound — Trading Tesla's S&P 500 debut — From community college to Wall Street

Dear Readers,After bottoming out in historic fashion this past spring, the US economy has nowhere to go but up ... Right?Not so fast. As COVID-19 infection rates have surged globally, Wall Street's biggest institutions are walking back their economic-growth forecasts for the near term.In fact, JPMorgan recently went as far as to become the first A-list firm to forecast negative US GDP in the first quarter of 2021. And while Goldman Sachs doesn't yet see a full-fledged contraction unfolding, it a...
Tags: Europe, UK, Texas, Wall Street, US, Trends, Investing, Markets, Tesla, Bloomberg, Deutsche Bank, Bank, Stocks, Goldman Sachs, Stock Market, Morgan Stanley


Elon Musk surpasses Bill Gates as the world's second-richest person as Tesla's market value nears $500 billion

Asa Mathat | D: All Things Digital Elon Musk has overtaken Bill Gates as the world's second-richest person. His net worth is now $128 billion.Musk's wealth has been on a steady climb this month: Tesla's market cap soared as high as $498 billion Monday as it is set to join the S&P 500 in December.The jump in Musk's net worth places him second to Jeff Bezos, whose net worth stands at $182 billion.He predicted last year that self-driving Teslas, which are still being refined, would boost the ...
Tags: Spacex, Elon Musk, California, Trends, Tech, Markets, Tesla, Bill Gates, Goldman Sachs, Jeff Bezos, Morgan Stanley, Gates, Billionaire, Musk, Bloomberg Billionaires Index, Net Worth


'Ripe for another correction': US stocks could tumble 12% by year-end as the vaccine-driven rally gets exhausted, Morgan Stanley's investment chief says

Scott Heins/Getty Images The S&P 500 could tumble by as much as 12% in one last sharp sell-off before the end of the year, according to Morgan Stanley's chief investment officer, Mike Wilson."Price action appears exhaustive and the market seems ripe for another correction," Wilson said on Monday.Along with an exhausted vaccine-driven rally, Treasury Secretary Steven Mnuchin's decision to allow Federal Reserve lending programs to expire adds to the risk of a near-term correction, Wilson sai...
Tags: US, Trends, Markets, Treasury, Goldman Sachs, Federal Reserve, Morgan Stanley, S&P 500, Wilson, Fed, Stock Market Crash, Mike Wilson, Mnuchin, Steven Mnuchin, Mike Wilson Morgan Stanley, Value Stocks


'Ripe for another correction': US stocks will tumble 12% by year-end as the vaccine-driven rally gets exhausted, says Morgan Stanley's investment chief

Scott Heins/Getty Images The S&P 500 could tumble up to 12% in one last sharp sell-off before year-end, according to Morgan Stanley chief investment officer Mike Wilson."Price action appears exhaustive and the market seems ripe for another correction," said the chief investment officer on Monday.Along with an exhausted vaccine-driven rally, Mnuchin's decision to allow Fed lending programs to expire adds to the risk of a near-term correction, Wilson said.However, the CIO still has a bullish...
Tags: US, Trends, CIO, Markets, Treasury, Goldman Sachs, Morgan Stanley, S&P 500, Wilson, Fed, Stock Market Crash, Mike Wilson, Mnuchin, Steven Mnuchin, Value Stocks, Scott Heins Getty


The value-stock rally won't be as strong as investors expect as bond yields stay low, JPMorgan says

Bloomberg TV JPMorgan Asset Management's Patrik Schöwitz told CNBC on Monday he's not "overly optimistic" on the rotation into value stocks because he expects bond yields to stay low. "Traditionally, you need to see rising bond yields to actually have a big value rally," the global strategist said. "That's partly to do because financials are a big part of the value universe and they like higher bond yields." Schöwitz sees aggressive central bank action limiting the rise of bond yields, lea...
Tags: US, Trends, Investing, Markets, US Treasury, Pfizer, Biden, Morgan Stanley, Cnbc, Jpmorgan, Treasuries, US Treasuries, Bank Stocks, Yields, Value Investing, JPMorgan Asset Management


A 3rd coronavirus vaccine works

Hollis Johnson/Business Insider Hello,Another Monday, another batch of vaccine results. This time: AstraZeneca and the University of Oxford shared that their coronavirus vaccine was 70% effective on average. That comes on the heels of Pfizer and its partner BioNTech and Moderna both sharing last week that their coronavirus vaccines were 95% and 94.5% effective, respectively. Moncef Slaoui, the scientific head of Operation Warp Speed, is anticipating things will move quickly from here. He s...
Tags: Science, Massachusetts, US, Trends, Atlantic, Healthcare, Argentina, Astrazeneca, National Institutes of Health, Fda, Pfizer, Vaccine, University of Oxford, Oxford University, Santa, Donald Trump