Dominion Voting Systems’ lawsuit against Fox News won’t start on Monday, as Rupert Murdoch’s media colossus reportedly pushes for an out-of-court settlement.
Category: Morgan Stanley
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Investors Worry What Strong Jobs Data Means for the Economy
Inflation, recession and labor market concerns loom large over the stock market ahead of Friday’s jobs report.
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Ari Emanuel Buys a Pro Wrestling Heavyweight
The New York Times – Business:Ari Emanuel’s Endeavor acquires World Wrestling Entertainment to create a live event and combat sport giant.
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Will the Fed Raise Interest Rates During a Banking Crisis?
The New York Times – Business:The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
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UBS and Other Bank Stocks Fall After Credit Suisse’s Firesale
The New York Times – Business:Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.
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Elon Musk Says Twitter’s Finances Improving After Big Cuts
The New York Times – Business:Twitter’s owner says the company is recovering after a sharp drop in ad sales. But its revenue is still far short of its level in 2021, before he took over.
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Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm
The New York Times – Business:The Wall Street giant reported that its profit fell by nearly 70 percent in its latest quarter, lagging results at its rival Morgan Stanley.
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The Bull-and-Bear Case for 2023
The New York Times – Business:The S&P 500 is on pace for its first annual decline since 2018 and its worst performance since 2008. Will markets fall further next year?
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business:The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business:The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
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BlackRock Expands Client Voting in Shareholder Elections
The New York Times – Business:The money manager said it will let more clients vote individually in companies’ elections, as it faces criticism of its own shareholder power.