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

Thu, 10/26/2023 - 07:50

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)

Tech Insider, elon-musk, twitter, x, wall-street, morgan-stanley, BOFA

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

Wed, 10/25/2023 - 18:06

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

finance, morgan-stanley, ted-pick, wall-street, finance

The pain isn't over for stocks - weak earnings will drag the S&P 500 down another 8%, Morgan Stanley CIO warns

Tue, 10/24/2023 - 06:40

Mike Wilson — Morgan Stanley CIO Mike Wilson.
Bloomberg TV

Markets, mi-exclusive, Markets, Stocks, sp-500, Earnings, big-tech

House prices may climb further – but slide next year if mortgage rates stay at 8%, says top strategist

Fri, 10/20/2023 - 08:10

house for sale — US home prices could rise in the short term but drop next year unless mortgage rates fall, Morgan Stanley says.
The Good Brigade/Getty Images

Markets, mi-exclusive, Markets, real-estate, housing-market, house-prices, Mortgages

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

Fri, 10/20/2023 - 06:30

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

finance, morgan-stanley, finance, CEOs, wall-street, Banking, james-gorman

The stock market is showing cracks - and even the 'Magnificent 7' aren't safe from a recession, Morgan Stanley's stock chief warns

Thu, 09/28/2023 - 07:08

mike wilson morgan stanley bloomberg tv — Mike Wilson, Morgan Stanley's stock chief.
Bloomberg TV

Markets, mi-exclusive, Markets, Stocks, stock-market-outlook, us-markets-and-economy, mike-wilson

Consumer stocks face big risks as Americans' wallets are battered by high gas prices, student loans, and expensive housing, Morgan Stanley's CIO says

Tue, 09/26/2023 - 12:10

shopping — Shoppers carrying bags cross Fifth Avenue on Black Friday November 27, 2009 in New York City.
David Goldman/Getty

Markets, mi-exclusive, consumer-stocks, consumer-discretionary-stocks, morgan-stanley, mike-wilson, american-consumers

Side hustles could become a $1.4 trillion industry by 2030 thanks to ChatGPT and AI, Morgan Stanley says

Wed, 09/20/2023 - 05:27

Tech Insider : Economy, Economy

a driver for food delivery service Uber Eats, rides a bicycle with a transport box on his back on a street in the Friedrichshain district of Berlin. — AI could turn the gig economy into a $1.4 trillion industry, according to Morgan Stanley.
Carsten Koall/Getty Images

economy, economy, Side-Hustle, gig-economy, AI, generative-ai, chat-gpt

HustleGPT: Generative AI will boost income and help millions of workers take on second and third jobs, Morgan Stanley predicts.

Wed, 09/20/2023 - 05:00

Sam Altman — Florence Fu/Tech Insider

Tech Insider, artificial-intelligence, AI, Side-Hustle, gig-work, multiple-jobs, generative-ai

The S&P 500 looks risky and expensive - and could plunge 25% if something shocks the system, Morgan Stanley's stock chief warns

Tue, 09/12/2023 - 06:44

Mike Wilson — Mike Wilson.
Bloomberg TV

Markets, mi-exclusive, Markets, Stocks, stock-market-outlook, mike-wilson, morgan-stanley

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