Morgan Stanley ( MS )’s multi-year transformation plan has been a success, CEO James Gorman said proudly today – and, as a shareholder, there’s no reason to disagree. “We have regularly de-risked the part of the business that made us…
Despite Crypto Winter, Bitcoin supporters are confident that the future for the fledgling industry is bright. And until this year, they have reason to celebrate. Bitcoin price has jumped more than 25% in the last few weeks just after 2022…
Americanas, the Brazilian retailer at the heart of an accounting scandal that has pitted some of the nation’s biggest corporate names against each other, has filed for bankruptcy protection hours after revealing its cash reserves have evaporated. Backed by several…
UBS’s Art Cashin is not surprised to see stocks struggling to continue the rally seen earlier in the year. There is a historical weakness in the last half of January, he said on CNBC “Squawk on the Street.” The rally…
Amazon is ending a decade-long charity donation program in its latest cost-cutting move. In a blog post on Wednesday, the company said the program, called AmazonSmile, would be shut down on February 20 because it “didn’t grow to make the…
Wall Street stocks fell on Thursday after dismal U.S. economic data fueled fears of an impending recession, although the numbers raised the possibility of a smaller rate hike when the Federal Reserve meets later this month. The U.S. benchmark S&P…
A ‘help wanted’ sign is displayed in a shop window in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Images The number of Americans filing new claims for unemployment benefits fell sharply last week, suggesting…
Europe’s mild winter weather may give skiers a tough time on the slopes, but the rest of the continent is breathing heavily. Except for the cold snap in December, most of Europe has enjoyed unseasonably high temperatures during this season.…
The growing confidence in the western capital that it is sending modern battle tanks to Ukraine marks an important change in the mindset of Kyiv’s allies. “It means that [Ukraine] can move from refusing to expel Russian troops from the…
Thunberg was released by police earlier this week after being detained along with other climate activists for protesting the expansion of a coal mine in the small village of Luetzerath in western Germany. Bernd Lauter Getty Images News | Getty…