Topic: Morgan Stanley

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Focus Recession in America? 10 questions assessing the threat.

Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.

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Morgan Stanley quarterly profit jumps on stock trading

Morgan Stanley reported seeing income rise in all of its businesses. Profit for Morgan Stanley in wealth management jumped 83 percent, while profit from trading and investment banking was six times higher than it was a year earlier.
Stocks inch higher in record day on Wall Street

Stocks rallied in the closing minutes on Wall Street Friday, closing high enough to post new record highs for the Dow Jones industrial average and the Standard & Poor's 500 index. Profits at big banks Wells Fargo and JP Morgan came in better than expected, and that helped financial stocks.
Steve Cohen gets subpoena in US insider trading probe

Steve Cohen has received a subpoena to testify before a grand jury in a federal insider trading investigation at his hedge fund, SAC Capital Advisers. Steve Cohen's subpoena puzzles defense lawyers.
The Monitor's View A record Powerball jackpot isn't a record to celebrate (+video)

The record Powerball jackpot is only the latest trick by states addicted to gambling revenues to lure nongamblers. Online gambling is also on the horizon, with the first legal website for games of chance now running in Nevada.
Tesla profits beat estimates; demand predicted to grow

The electric car manufacturer's increased first quarter profits were fueled in part by zero-emission vehicle credit sales to other car makers. They were also boosted by more efficient manufacturing. With the right financing, the company predicts its Model S electric car could now be accessible to 10 million American households.
Stocks slip on weak earnings

Stocks fell on Wall Street Thursday after disappointing earnings from a range of companies. Commodities stocks held steady following a wild couple of days.
Paul Ryan's new Medicare plan could be tip of the iceberg (+video)

As Rep. Paul Ryan this week once again proposes reforms to Medicare, there are signs that others in Congress are acknowledging that Medicare deficits must be addressed.
Google cuts 1,200 more jobs at Motorola

Google is cutting 1,200 jobs in its Motorola division just months after cutting 4,000 Motorola jobs.
Energy Voices Invest in oil? Or invest in gas?

There are investment opportunities in both, but finding your edge in oil is a lot easier than in natural gas, right now.
Spending cuts: As Washington frets, Wall Street shrugs (so far)

Spending cuts set to pummel most government programs starting today so far haven't had much effect on investors. The $85 billion in across-the-board 'sequestration' cuts were expected to cause airport delays, disrupt public services and result in lower pay or layoffs for millions of government workers.
JPMorgan cuts 19,000 jobs, calls it a good sign

JPMorgan cuts 15,000 jobs from its troubled mortgage sector, citing healthier home mortgages. The other 4,000 job cuts come from consumer banking.
New casino bankrupt: There goes Atlantic City? (+video)

New Jersey's newest casino is declaring bankruptcy. If the structured settlement works as planned, it will erase about two-thirds of its $1.5 billion in debt.
General Motors to buy back US-owned stake. US to lose billions?

General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
Economic toll of Sandy: Damage second only to Katrina?

Superstorm Sandy cut a path of destruction that could near $50 billion. Economic activity in New York City dipped 20 percent in storm's wake, but economists do not expect that Sandy will have a major impact on the nation's economic growth.
Hurricane Sandy: Economy should bounce back analysts say

Though hurricane Sandy will impact dozens of industries and cause billions in damages, experts say the economy should recover quickly with reconstruction after the storm.
Hurricane Sandy to cost billions. Will the economy stand?

Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion.
Suddenly, Vikram Pandit is out as Citigroup CEO

Citigroup offers no explanation for shakeup, which besides Pandit includes chief operating officer Havens. Citigroup's Europe chief Michael Corbat is replacing Pandit.
Stocks rise in anticipation of Fed meeting

Investors hope an upcoming Federal Reserve meeting will lead to a jump in stock prices. The average of 30 large company stocks has already gained 1.8 percent to start September, a month which is usually dismal for stocks.
The Reformed Broker A defense of the hedge fund industry. Really.

The hedge fund industry has its issues, but buying up Apple stock is not one of them.
The Reformed Broker Shocker: Stocks defy expectations

Stocks have outpaced Wall Street forecasts to an unprecedented degree this year. It almost always works the other way around.
Looming 'fiscal cliff' is hurting US economy now, economists warn

Memo to Washington: Don't wait until after the election to resolve the 'fiscal cliff' facing the nation on Dec. 31. Uncertainty about taxes and spending is already harming the US economy, risking a new recession, some economists say.
The Reformed Broker Mitt Romney: Could a victory mean a stock market surge?

Mitt Romney victory in November could be a potential source of optimism for Wall Street, some analysts suggest. But can Mitt Romney or any other potential president elect truly have a lasting effect on the stock market?
Haunted by Europe, US market can't get ahead

While The Street was able to ignore Europe's struggles for the past few days, the struggles of Spain on Friday proved too much for the market to bear. As Spain's stock market plunged 6 percent, the Dow Jones dropped 120 points to close at 12,822.
US stocks creep up; IBM, other tech stocks rise

Despite strong gains from IBM and other tech stocks, gains on The Street were weak, with the Dow Jones industrial average rising 34 points to close at 12,943. Although modest, Thursday's close marked the third straight day of gains.
Happy Friday! JPMorgan launches stock market rally

Showing a vote of confidence in JPMorgan Chase Friday, relieved investors drove up bank stocks, ended a six-day losing streak for the market and sent the Dow Jones industrial average up 204 points, the best day this month, to close at 12,777.