Posts filtered by tags: Morgan Stanley[x]


 

'Biggest growth quarter of all time' will help inflation meet overhauled target, Fed's Bullard says

James Bullard REUTERS/Price Chambers Third-quarter GDP is on track for 30% growth, and such strong improvement can lift inflation closer to its new target, James Bullard, president of the Federal Reserve Bank of St. Louis, said Friday.The Federal Reserve's updated policy framework allows for periods of stronger-than-usual inflation to combat weak price growth through the pandemic.The third quarter is "the biggest growth quarter of all time in the US," and it could bring "more inflation than...
Tags: US, Trends, Markets, Economy, Unemployment, Economic recovery, Inflation, Gdp, Gross Domestic Product, Federal Reserve, Morgan Stanley, Unemployment Rate, Fed, Russell, Federal Reserve Bank, Jerome Powell


Trump says he's providing a $13 billion bailout to farmers as he seeks support from rural voters ahead of November

Reuters President Trump announced a $13 billion bailout for farmers as he seeks to solidify rural support less than two months away from election day. "I’m proud to announce that I’m doing even more to support Wisconsin farmers,” Trump said at a rally. Polls show Joe Biden edging out Trump by several percentage points in the key battleground state of Wisconsin. Visit Business Insider's homepage for more stories. President Donald Trump announced he was providing a $13 billion bailout for f...
Tags: Politics, Congress, America, Trends, Markets, Joe Biden, Economy, Farmers, Agriculture, Wisconsin, Donald Trump, Morgan Stanley, Trump, Reuters, Donald J Trump, Pelosi


5 reasons why AMD has 31% upside potential, according to Bank of America

Brian Ach/Getty Images Investors should take advantage of the recent sell-off and buy AMD ahead of a compelling growth opportunity in 2021, Bank of America said in a note on Friday.AMD is poised to take market share in the semiconductor space as Intel continues to struggle with manufacturing, according to the note.Bank of America's $100 price target for AMD represents potential upside of 31% from Thursday's close.Detailed below are five reasons Bank of America calls AMD a "top compute pick...
Tags: Microsoft, Finance, US, Trends, Markets, Bank Of America, Intel, Sony, Nvidia, Stocks, ARM Holdings, Goldman Sachs, Amd, Stock Market, Morgan Stanley, TSMC


US consumer sentiment hit a 6-month high in September, beating economist forecasts

AP Photo/Sue Ogrocki The University of Michigan's consumer sentiment index jumped more than expected in a preliminary September reading as Americans' views of the US economic recovery improved. The gauge rose to 78.9 from 74.1 to hit its highest point in six months. Still, the index sits roughly 22 points from its pre-pandemic high. The month's gains were primarily driven by improved sentiments toward the economy's future prospects, Richard Curtin, chief economist for the university's Sur...
Tags: Congress, US, Trends, Recession, Markets, Bloomberg, Economy, Economic recovery, Morgan Stanley, Jefferies, Consumer Behavior, University Of Michigan, Labor Department, New US, Curtin, Economic Data


Dr. Fauci hasn't figured out what he's doing for the holidays yet

Welcome to Business Insider's daily healthcare newsletter, your daily dose of pharma, biotech, and healthcare news. Subscribe here to get this newsletter in your inbox every weekday. Hollis Johnson/Business Insider Hello,Boy, what a week it's been. I don't know about you, but much of my waking time is spent thinking about the vaccine trials that are underway, what results we might get, and when life might start to feel fully "normal."We'll get into everything we've learned about the vacc...
Tags: Apple, Spacex, UK, New York, Cdc, Senate, US, Trends, Astrazeneca, Roy, Pfizer, Morgan Stanley, Anthony Fauci, Business Insider, Nyse, Reuters


Citi's new wealth exec — Morgan Stanley's tech shakeup — Law firms cash in on SPACs

Traders react to the Supreme Court's decision at the post that trades WellPoint on the floor of the New York Stock Exchange, June 28, 2012. REUTERS/Brendan McDermid Happy Friday. What a week. When I said things would pick up after Labor Day, I didn't expect it to be this fast, but here we are. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.Like the newsletter? Hate the newsletter? Feel free to drop m...
Tags: Supreme Court, US, Trends, Bank Of America, Virgin Galactic, Citigroup, Richard Branson, New York Stock Exchange, Morgan Stanley, Blackrock, Chamath Palihapitiya, Nyse, Citi, NEW YORK Reuters, SPAC, Social Capital


Biden just unveiled a proposal to allow parents with kids under age 17 to receive up to $300 in monthly federal payments during the pandemic

Photo by Win McNamee/Getty Images Joe Biden rolled out a tax proposal to temporarily expand the child tax credit so it can better benefit families during the pandemic — and allow people to opt for monthly federal payments. It would bump the annual tax credit to $3,000 for children under 17, plus an additional $600 for children under age 6. Ernie Tedeschi, a policy economist at Evercore ISI, said the monthly payment element could strengthen families' budgets, comparing it to a stimulus che...
Tags: Politics, Taxes, Congress, Senate, Trends, Markets, Joe Biden, Economy, Policy, Gop, House, Columbia University, Biden, Donald Trump, Morgan Stanley, Stimulus


Trump calls on Republicans to 'go for the much higher numbers' on stimulus checks, opening the door to backing bigger direct payments

Anna Moneymaker-Pool/Getty Images President Donald Trump urged Republicans on Wednesday to send stimulus checks larger than $1,200 to shore up the coronavirus-ravaged economy. "Go for the much higher numbers, Republicans, it all comes back to the USA anyway (one way or another!)," he said. A second round of direct payments is among the few areas of agreement between Republicans, Democrats, and Trump. But that measure was omitted in the latest slimmed-down coronavirus relief proposal from ...
Tags: Politics, Usa, Republicans, Congress, Senate, White House, Politico, Trends, Markets, Democrats, Gop, House, Donald Trump, Morgan Stanley, Stimulus, Business Insider


Blackstone says stock investors may face a 'lost decade' in equity appreciation

Slaven Vlasic / Getty Images Stock-market investors could face “lost decade” of equity appreciation, Blackstone’s Tony James told CNBC. High returns, and “fear of missing out” buying has created a stock market that “feels fully valued”. Near zero interest rates driving investors into a stock market hungry for yield. Over the longer term, rising rates could undermine company earnings. Visit Business Insider's homepage for more stories. Investors may not see the kind of returns the stock ma...
Tags: Asia, Congress, US, Trends, Federal Reserve, Morgan Stanley, Blackstone, Cnbc, James, The Fed, Tony James, Slaven Vlasic Getty Images Stock, Kari McMahon


Wells Fargo says stock market volatility will balloon after US election

Former Vice President Joe Biden and President Donald Trump. Jim Watson/AFP via Getty Images; Tasos Katopodis/Getty Images Markets should prepare for volatility to balloon after Election Day, Wells Fargo said Tuesday. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation Tuesday, options are showing greater volatility. "The big takeaway is three month options vol is still quite high, and it has not really come down," he said. He thinks investors will flock to US Tr...
Tags: Congress, US, Trends, Joe Biden, Getty Images, US Treasury, Michael Schumacher, Republican, Donald Trump, Morgan Stanley, Fargo, Cnbc, Wells Fargo, Fed, Schumacher, US Treasuries


Alexandria Ocasio-Cortez says Democrats should look past the 'sugar high' of another $1,200 stimulus check — and urges them to hold out for a bigger aid package that includes state aid and health funding

REUTERS/Erin Scott Rep. Alexandria Ocasio-Cortez of New York said Democrats should continue holding out for a sizable coronavirus relief deal. "That $1,200 is a nice little sugar high... but a second check in and of itself alone — if we're not going to support state and local funding, if it's not going to include significant investments in testing, tracing capacity and infrastructure — all it is is a little sugar high," she told Politico. Her comments channel the mounting anxiety among ma...
Tags: Politics, New York, Republicans, Congress, White House, Politico, Trends, Markets, Economy, Policy, Democrats, Gop, House, Nancy Pelosi, Donald Trump, Morgan Stanley


10 things you need to know before the opening bell

NEW YORK - MARCH 17: Traders work the floor of the New York Stock Exchange on March 17, 2008 in New York City. Stocks have been volatile on Wall Street following news of JP Morgan Chase acquisition of Bear, Stearns & Co, for $2 a share, with help of $30 billion in financing of Bear, Stearns assets from the U.S. Federal Reserve. (Photo by Michael Nagle/Getty Images) Michael Nagle/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every mor...
Tags: Apple, Spotify, UK, New York, Congress, New York City, Global, US, Trends, OECD, New York Stock Exchange, Donald Trump, Morgan Stanley, Snowflake, FOMC, Buffett


US retail sales climbed less than expected in August as economic bounce-back slowed

Paul Bersebach/MediaNews Group/Orange County Register/Getty Images Americans spent less than expected at retailers in August as the economy reopened further. US retail sales increased 0.6% last month, missing the average economist estimate of 1%. Though the reading marks the fourth straight month of improvement, the indicator's rally slowed through the summer as stimulus programs expired and coronavirus infections swung higher. Visit Business Insider's homepage for more stories. Consumers...
Tags: Congress, Senate, White House, US, Trends, Morgan Stanley, Sen Rand Paul, Paul Bersebach, Ben Winck, Anthony Angotti


Nikola slides another 7% after Justice Department joins SEC in fraud probe

Nikola founder and executive chairman Trevor Milton. Massimo Pinca/Reuters Nikola's stock price tanked up to 8% in pre-market trade on Wednesday after the US Justice Department joined the SEC in probing fraud claims against the company. The SEC announced this week it will investigate the electric truck-maker for "intricate fraud".The company's stock has had a volatile week, including jumping on news of a $2 billion deal with General Motors and tanking on a scathing short-seller report by Hi...
Tags: Congress, Trends, General Motors, Bloomberg, SEC, Morgan Stanley, Wall Street Journal, Justice Department, Securities And Exchange Commission, U S Securities and Exchange Commission, US Justice Department, Nikola, Hindenburg, Manhattan U S, Hindenburg Research, Saloni Sardana


Kodak admits to poor handling of CEO stock grants prior to announcing its $765 million government loan

Reuters / Steve Marcus Kodak admitted to poor handling of a stocks grant process for its chief executive prior to disclosing a surprise $765 million government loan.The camera company released a legal review that showed Kodak was not thoroughly briefed by legal counsel on the stock options process to its CEO and chairman, Jim Continenza, before the loan disclosure.Kodak's lawyers maintained the company did not violate securities regulations, but allegations of wrongdoing are under investig...
Tags: Congress, Kodak, Trends, Morgan Stanley, Eastman Kodak, Gump Strauss Hauer Feld, Jim Continenza, Continenza, Shalini Nagarajan, US International Development Finance Corp, Steve Marcus Kodak, Philippe Katz


US dollar falls ahead of the Federal Reserve's rate decision while gold prices rise

Federal Reserve Board Chairman Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress," in front of the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building on February 12, 2020 in Washington, DC. Sarah Silbiger/Getty Images The dollar index fell 0.2% on Wednesday, ahead of the outcome of a Federal Reserve policy meeting. Analyst Jeffrey Halley said the weakness in the dollar reflected the expectation that the ...
Tags: Congress, Washington, US, Trends, Treasury, Federal Reserve, Morgan Stanley, FOMC, Fed, Federal Reserve Board, Jerome Powell, Federal Open Market Committee, Dirksen Senate Office Building, OANDA, Senate Banking Housing and Urban Affairs Committee, Naeem Aslam


The OECD warns the world economy will collapse by 4.5% this year, in its worst slowdown since World War Two

SOPA Images/Getty The world economy will collapse by 4.5% this year despite a swift recovery from the COVID-19 pandemic, according to the Organization for Economic Cooperation and Development.The OECD's latest economic outlook is less negative than expected, but the organization said 2020 will still mark the worst contraction in growth since World War Two.China, the US, and Europe are likely to perform better than expected, while many countries are still combating the virus."Without contin...
Tags: Europe, UK, Congress, Mexico, China, India, US, Trends, OECD, Morgan Stanley, Boone, Visit Business Insider, Laurence Boone, Shalini Nagarajan, India Mexico South Africa Argentina


Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO

REUTERS/Scott Olson Billionaire investor-backed Snowflake said it would raise $3.4 billion in the largest-ever software IPO, giving it a value of over $33 billion.The cloud-data platform will sell 28 million shares priced at $120 a piece.Snowflake plans to list on the New York Stock Exchange under the ticker symbol "SNOW" from September 16.Its highly-anticipated IPO has managed to capture the attention of billionaire investor Warren Buffett, who agreed to invest over $550 million in the co...
Tags: Congress, Trends, Warren Buffett, New York Stock Exchange, Morgan Stanley, Snowflake, Business Insider, Buffett, San Mateo, Unity, Renaissance Capital, Ray Wang, ICONIQ Capital Snowflake, Shalini Nagarajan, REUTERS Scott Olson Billionaire


UK inflation hits lowest level since 2015 after government's dining-out scheme cuts prices at restaurants

Jim Edwards UK inflation hit a near five-year low in August, the Office for National Statistics (ONS) said Wednesday.  August's Consumer Price Index 12-month rate fell to 0.2% in August, down from 1% in July.  The drop was partly fueled by the government's Eat Out to Help Out scheme, which slashed prices for dining out at restaurants and cafes, the ONS said. Visit Business Insider's homepage for more stories. UK inflation hit a near five-year low in August, in part thanks to a government ...
Tags: UK, Congress, Trends, Bank Of England, Boe, Ons, Morgan Stanley, Monetary Policy Committee, FOMC, Silicon Valley Bank, Berry, Office for National Statistics ONS, Jim Edwards, Richard Berry, Bank of England s Monetary Policy Committee, Sam Cooper


How to invest in a tech-dominant market

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. REUTERS/Brendan McDermid Dear Readers,It's a tech stock world and we're all just living in it. Look no further than the last couple weeks of market action for evidence of that.Pushed to record-setting extremes, tech shares finally showed signs of vulnerability, and dragged the whole market down with them. Subsequent atte...
Tags: US, Trends, Investing, Markets, Credit Suisse, Stocks, Stock Market, Morgan Stanley, Bernstein, Stifel, Brendan Mcdermid, Tom Lee, Morgan Stanley Investment Management, Kell, Joe Ciolli, Inigo Fraser Jenkins


Billionaire investor Chamath Palihapitiya reportedly plans to raise $500 million with 4th SPAC as blank-check spree continues

Brian Ach/Getty Images for TechCrunch Social Capital Hedosophia — the blank-check partnership led by billionaire investor Chamath Palihapitiya and venture fund founder Ian Osbourne – aims to raise $500 million with its fourth blank-check company, Bloomberg reported Tuesday.The special-purpose acquisition company, or SPAC, will be aptly named Social Capital Hedosophia Holdings Corp. IV.News of the acquisition vehicle arrived just hours after Palihapitiya confirmed Social Capital Hedosophia...
Tags: Congress, Ipo, Trends, Markets, Bloomberg, SEC, WTO, Ian Osborne, Morgan Stanley, IPO market, Securities And Exchange Commission, Chamath Palihapitiya, SPAC, Social Capital, Brian Ach Getty, SEC filing


The market's biggest investors are 'paranoid' that being long US tech stocks is now the 'most crowded trade of all time,' BofA says

Trader Peter Tuchman works on the floor of the New York Stock Exchange Monday, March 16, 2020. (AP Photo/Craig Ruttle) Associated Press According to a fund manager survey conduced  by Bank of America, investors are "paranoid" that long US tech stocks is the "most crowded trade of all time," citing 80% of survey respondents.Amid high tech concentration in popular stock market indexes like the Nasdaq 100 and the S&P 500, the second most popular response to tail-risks for the market is "tech b...
Tags: US, Trends, Bank Of America, New York Stock Exchange, Morgan Stanley, BofA, Matthew Fox, Peter Tuchman, Apple Microsoft Amazon Facebook, AP Photo Craig Ruttle Associated Press According, Salesforce BofA Global Research Despite, Bank of America Despite


Speaker Nancy Pelosi says the House is 'committed' to staying in session until lawmakers pass a stimulus bill. But the White House says a deal may not come until after November.

House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill in Washington, DC on August 13, 2020. Shen/Xinhua via Getty Images Speaker Nancy Pelosi vowed to keep the House in session until a deal is struck on coronavirus relief legislation. "We are committed to staying here until we have an agreement that meets the needs of the American people," Pelosi said in a CNBC interview. It is unclear whether the move would help break the deadlock and lead to a stimulus deal. Visit B...
Tags: Politics, Republicans, Congress, Senate, White House, Trends, Markets, Democrats, Washington Dc, House, Treasury, Capitol Hill, Nancy Pelosi, Donald Trump, Morgan Stanley, Stimulus


The world's largest wealth manager says central banks still have plenty of ammo that can keep stocks rallying

Kevin Lamarque/Reuters Investors who think central banks are out of policy ammunition are mistaken and could lose out on additional policy-driven gains, says Mark Haefele, chief investment officer at UBS Wealth Management.The Federal Reserve has slowed its roll after rapidly deploying unprecedented relief measures, and is expected to stay its course during this week's Federal Open Market Committee meeting.Still, the central bank can push more accommodative conditions through its new inflat...
Tags: Congress, Indonesia, Trends, Markets, Economic recovery, Ubs, SEC, Stocks, WTO, Federal Reserve, Stock Market, Morgan Stanley, FOMC, Monetary Policy, Central Bank, Fed


A bipartisan group of House lawmakers unveiled a stimulus plan to send a 2nd round of $1,200 direct payments and reinstate federal unemployment benefits

US Capitol. J. Scott Applewhite/AP Photo A bipartisan group of House lawmakers unveiled a $1.5 trillion stimulus plan on Tuesday. The plan is aimed at breaking through the impasse between the White House and top Democrats, but it faces long odds of becoming law. It would reinstate federal unemployment benefits with a two-month transition period, and later cap them to $600 so people wouldn't earn more out-of-work than on the job. The proposal would also send a second round of $1,200 stimulu...
Tags: Politics, New York, Republicans, Congress, White House, Trends, Markets, Economy, Policy, Democrats, House, New Jersey, Treasury, Postal Service, Morgan Stanley, Stimulus


Kodak's $765 million government loan under investigation by same agency that approved deal, report says

Workers at the KODAK billboard at Times Square. plus49/Construction Photography/Avalon/Getty Images Kodak's $765 million government loan is now under investigation by the very agency that helped create the deal.The inspector general of the US International Development Finance Corp. told Sen. Elizabeth Warren the office is reviewing the sum, The Wall Street Journal reported on Monday.Warren previously called on the Securities and Exchange Commission and the Pandemic Response Accountability C...
Tags: White House, Kodak, Trends, Warren, SEC, Morgan Stanley, Wall Street Journal, Securities And Exchange Commission, Trump, Times Square, Sen Elizabeth Warren, Michael Horowitz, Trump Administration, Ben Winck, Pandemic Response Accountability Committee, US International Development Finance Corp


Trading a tech-dominant market — Insights from an investing champion — Why value isn't dead

Dear Readers,It's a tech stock world and we're all just living in it. Look no further than the last couple weeks of market action for evidence of that.Pushed to record-setting extremes, tech shares finally showed signs of vulnerability, and dragged the whole market down with them. Subsequent attempts at recovery have also been led by the tech cohort.The equity-strategy team at Morgan Stanley thinks these sharp, concentrated price swings have created dislocations in the market — and thereby oppor...
Tags: US, Trends, Investing, Markets, Credit Suisse, Stocks, Stock Market, Morgan Stanley, Bernstein, Stifel, Tom Lee, Morgan Stanley Investment Management, Kell, Joe Ciolli, Inigo Fraser Jenkins, Investing Strategy


Trump administration's tariffs on Chinese goods violated WTO trade rules, report says

US President Donald Trump and Chinese President Xi Jinping at the G20 summit in Hamburg, Germany. AP/Saul Loeb The World Trade Organization ruled on Tuesday that the US's tariffs on Chinese goods violated international trade rules, according to Bloomberg. Three panelists found that the Trump administration's tariffs on more than $400 billion worth of Chinese exports unfairly targeted the country and skirted the WTO's dispute-settlement body. The decision is a major hit to the tough-on-Chin...
Tags: White House, China, US, Trends, Markets, Bloomberg, Joe Biden, Economy, Xi Jinping, Tariffs, World Trade Organization, Treasury, WTO, Donald Trump, Morgan Stanley, Trump


EY's chairman expressed 'regret' that German fintech Wirecard's fraudulent practices were 'not uncovered sooner'

CHRISTOF STACHE/Getty EY's global chairman has expressed "regret" that the accounting firm did not uncover Wirecard's fraudulent practices sooner, according to a Financial Times report.Amid backlash over EY's failure to unmask the insolvent group's $2 billion accounting fraud, chairman Carmine Di Sibio wrote to clients pledging to raise the bar on audits."The public interest clearly requires that much more be done to detect fraud at its earliest stages," Di Sibio said in the letter seen by...
Tags: Singapore, Trends, Morgan Stanley, Financial Times, Ft, Wirecard, Markus Braun, Carmine Di Sibio, Di Sibio, Shalini Nagarajan, Fred Stanske


5 reasons to be bullish on the US stock market, according to LPL

Getty Images / Bryan R. Smith Stocks have been on a "wild ride" so far in 2020: from showing virtually no volatility at the start of the year, to experiencing the fastest bear market in history and then staging the strongest 100-day rally on record, LPL said in a note on Monday.And while the market continues to face risks stemming from the COVID-19 pandemic, election uncertainty, and the potential for heightened trade tensions with China, investors should continue to hold on for the potent...
Tags: Congress, China, US, America, Trends, Goldman Sachs, Morgan Stanley, Costco, FactSet, Atlanta Federal Reserve, Bryan R Smith, LPL, Matthew Fox, Detrick, Ryan Detrick, COVID