The banks which loaned Elon Musk money to help buy Twitter expect to lose $2 billion on the debt, report says

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Elon Musk, wearing a black suit and tie and flanked by a police officer and a body guard, departs following a meeting at the US Capitol in Washington, DC, on September 13, 2023
Elon Musk.

STEFANI REYNOLDS/AFP via Getty Images)

Morgan Stanley has named Ted Pick as its next CEO, putting an end to the race to succeed James Gorman at the top of a Wall Street giant

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Ted Pick
Morgan Stanley veteran trader Ted Pick is the bank's new CEO.

Morgan Stanley

Alphabet sees $165 billion in market cap wiped after cloud business growth disappoints Wall Street

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Sundar Pichai, CEO of Google, wears a gray sweater and smiles on stage during a presentation at Google I/O in Mountain View, California, on May 10, 2023.
Sundar Pichai, CEO of Google, on stage during a presentation at Google I/O in Mountain View, California, on May 10, 2023.

Google

Jamie Dimon warns against predicting what's next for the economy - and slams central banks for 'dead wrong' forecasts

Tech Insider : Economy
Jamie Dimon
Jamie Dimon warned against predicting what's next for the economy.

AP Photo

Ten-year Treasury yields jump above 5% for the first time since the 2008 financial crisis as the bond-market rout drags on

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wall street
10-year Treasury bond yields passed 5% for the first time since 2007 Monday.

Lucky-photographer/Shutterstock

Meet the candidates in the running to replace James Gorman as Morgan Stanley's CEO

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A photo compilation with corporate headshots of Ted Pick, Andy Saperstein, and Dan Simkowitz all wearing grey suits and ties.
(L-R) Ted Pick, Andy Saperstein, Dan Simkowitz

Courtesy of Morgan Stanley

Bond yields are hitting multiyear highs. Don't expect them to fall soon.

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New York Stock Exchange traders in October 2023, watching indexes on monitors.
The bond market sell-off may not end anytime soon, Barclays said.

ANGELA WEISS / Getty Contributor

Economists think odds of a recession in the next year have fallen below 50%. This chart shows how consensus has changed over 18 months.

Tech Insider : Economy
Consumer spending US economy markets
A resilient consumer has helped stave off a recession so far, but that may not last.

VIEW press / Getty Images

JPMorgan's Dimon and Goldman's Solomon warn investors to be 'cautious' and 'vigilant' as economic risks mount and conflicts rage

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jamie dimon
JPMorgan CEO Jamie Dimon.

Jeenah Moon/Reuters

‘A scary situation’: As Wall Street assails Harvard, students worry about their futures

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harvard campus
There's a growing generational rift between elite schools like Harvard and the banks and law firms that employ their graduates.

Brooks Kraft/Corbis via Getty Images

There's an old joke that goes: The hardest thing about Harvard is getting in. But simply being on campus this week has put that idea to the test. 

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