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[1/2] People watch drones creating a 3-D display outside the United Nations Headquarters calling attention to the Amazon rainforest and climate change in New York U.S., September 15, 2023. The analysis by the nonprofit Amazon Conservation's MAAP forest monitoring program offers a first look at 2023 deforestation across the nine Amazon countries. That estimate is likely low as there are some holes in the data, Finer said. Brazil's Lula has led a push among its Amazonian neighbors and other rainforest countries to get rich nations to pay for woodland conservation. While the country is battling massive wildfires, many of them are not in the Amazon, Finer said.

Persons: Eduardo Munoz, Matt, Luiz Inacio Lula da Silva, Jair Bolsonaro, Carlos Nobre, Nobre, Brazil's Lula, Gustavo Petro, Jake Spring, David Gregorio Our Organizations: United Nations Headquarters, New York U.S, REUTERS, SAO PAULO, Reuters, United, University of Sao, Amazon, NASA, Union, Democratic, Watch, Thomson Locations: New York, Brazil, Colombia, Peru, Bolivia, United Nations, Jan, Puerto Rico, University of Sao Paulo, Amazon, Guyana, Suriname, Venezuela, COLOMBIA, PERU Brazil, Democratic Republic of Congo

☆ Global smartphone market sees growth after over 2 years in October - Counterpoint
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

A smartphone is seen on a selfie stick in Manhattan, in New York City, New York U.S., February 11, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 21 (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, breaking the streak of 27 consecutive months of negative year-on-year growth. The global smartphone sales have been under stress for last two years affected by various issues starting with component shortages, inventory build-up and lengthening of replacement cycles, Counterpoint said in its report. "Following strong growth in October, we expect the market to grow year-on-year in the fourth quarter of 2023 as well, setting the market on the path to gradual recovery in the coming quarters," the market research firm said.

Persons: Andrew Kelly, Baranjot Kaur, Rashmi Organizations: New York City , New York U.S, REUTERS, Counterpoint Research, Thomson Locations: Manhattan, New York City , New York, East, Africa, China, India, Bengaluru

☆ Five facts about Morgan Stanley's new CEO Ted Pick
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Morgan Stanley FollowNEW YORK, Oct 25 (Reuters) - Morgan Stanley (MS.N) chose Ted Pick to succeed its longtime leader James Gorman as CEO, effective Jan. 1. Here are five key facts about Pick, who was seen as the front runner before the announcement on Wednesday:1) Pick has been co-president of Morgan Stanley for the past two years. As head of the institutional securities group, he oversaw investment banking, equities, fixed income, capital markets and research. 4) After joining Morgan Stanley in 1990, Pick was promoted to managing director in 2002 and joined the management committee in 2008.

Persons: Morgan Stanley, Brendan McDermid, MS.N, Ted Pick, James Gorman, Pick, Nupur Anand, Lananh Nguyen, Sonali Paul Organizations: New York City , New York U.S, REUTERS, Phi Beta Kappa, Middlebury College, Harvard Business School, Metropolitan Museum of Art, Thomson Locations: New York City , New York, New York

☆ Morgan Stanley CEO shift pleases all, thrills none
▼ + stars: | 2023-10-26 | by ( John Foley | ) www.reuters.com time to read: +4 min

People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. So the crushing conventionality of Morgan Stanley’s (MS.N)new chief executive selection, announced late on Wednesday, is almost certainly the point. The handover should be fairly civil, since the two CEO also-rans, wealth chief Andy Saperstein and investment management head Dan Simkowitz, both get promotions too. Andy Saperstein, previously seen as a contender for the CEO spot, will retain his leadership of Morgan Stanley’s wealth management business. He will also take on its investment management division, which manages and supervises $1.4 trillion of funds.

Persons: Morgan Stanley, Brendan McDermid, Morgan Stanley’s, Ted Pick, James Gorman, He’s, Morgan Stanley lifer, Morgan, Elon Musk, Gorman, Andy Saperstein, Dan Simkowitz, Goldman Sachs, David Solomon, culls, Wells, Jamie Dimon, aren’t, Goldman, Pick, Antony Currie, Thomas Shum Organizations: New York City , New York U.S, REUTERS, Reuters, Twitter, JPMorgan, Reuters Graphics Reuters, Wall, Thomson Locations: New York City , New York

☆ Morgan Stanley profit beats on wealth management strength
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

[1/2] People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 18 (Reuters) - Morgan Stanley's (MS.N) third-quarter profit dropped less than expected as a strong performance in the bank's wealth management division offset a hit from lethargic dealmaking. The wealth management business, which has been a bright spot for Morgan Stanley in recent quarters, has reduced the lender's reliance on trading and investment banking, which are largely tied to economic cycles. "Our equity and fixed income businesses navigated markets well, and both wealth and investment management produced higher revenues." INVESTMENT BANKING WEAKNESSTotal revenue from investment banking fell 27% to $938 million, as global mergers and acquisitions activity showed few signs of improvement.

Persons: Morgan Stanley, Brendan McDermid, Morgan Stanley's, James Gorman, Goldman Sachs, Manya Saini, Noor Zainab Hussain, Niket, Tatiana Bautzer, Lananh Nguyen, Shounak Organizations: New York City , New York U.S, REUTERS, Wall, Equity, U.S, Treasury, Thomson Locations: New York City , New York, Bengaluru, New York

The news outlet is hyper-focused on Trump's legal jeopardy, with a team of experts ready to dissect every ruling, every filing, every comment. “MSNBC has pretty well-established themselves as the leading anti-Trump network, certainly of late,” said Jon Klein, a former CNN president and news analyst. So far this year, Fox has averaged 2.18 million viewers, MSNBC 1.51 million and CNN 639,000. It was par for the course on a day Trump's legal issues made headlines. MSNBC has assembled a team of legal experts that has appeared throughout its lineup and gained trust through familiarity.

Persons: Joe, Donald Trump, Ken Dilanian, ”, Jon Klein, “, you've, Trump, it's, Trump's, Nicolle Wallace, Missouri Sen, Claire McCaskill, Joy Reid, —, Jen Psaki's, Cyrus Vance Jr, Preet Bharara, Rachel Maddow, Jimmy Carter's, “ Donald Trump, Lawrence O'Donnell, that's, Klein, Ari Melber's, Melber, Peter Navarro, Joe Tacopina, Andrew Weissmann, Robert Mueller's, Mary McCord, ” Chuck Rosenberg, Obama, Neal Katyal, Donald Trump ”, Barbara McQuade, Joyce Vance, Weissmann, Andrew, Psaki, Ariana Pekary, “ It's, ” Klein, there's, ” Pekary Organizations: NBC, MSNBC, Trump, CNN, Social, NBC News, Fox News Channel, Nielsen, Fox, GOP, Fox News, Malaysia Airlines, Manhattan District, New, Department of Justice, District of Columbia, FBI, Drug, U.S, Supreme Locations: Russia, America, Ohio, Indiana , Michigan , Illinois, Iowa, spurts, New York, Missouri, New York U.S, Trump, U.S, Michigan, Alabama

☆ Record chicken prices squeeze US shoppers, benefit Tyson Foods
▼ + stars: | 2023-10-05 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

Higher chicken prices should improve earnings at top producers Tyson (TSN.N) and Pilgrim's Pride (PPC.O), but will pinch consumers' pockets as they try to save money by turning away from higher-end proteins. Arkansas-based Tyson, which sells all three types of meat, had to deal with a glut of chicken after earning massive profits when meat prices soared during the COVID-19 pandemic. The U.S. government last month trimmed its estimate for 2023 chicken production from August due in part to expectations for lower chick placements. "We've seen some recovery in chicken prices and we've seen some consumer prices start to level off," Tyson CFO John R. Tyson told investors last month. Further increases in chicken prices could threaten demand, said Adam Speck, senior commodity analyst for Gro Intelligence.

Persons: Lucas Jackson, Tyson, Bob Brown, Brown, Donnie King, Arun Sundaram, Sundaram, We've, John R, Adam Speck, Bill Densmore, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: New York U.S, REUTERS, Rights, Tyson Foods, U.S . Department of Agriculture, Rabobank, Producers, CFRA Research, Gro Intelligence, Fitch, Thomson Locations: Brooklyn, New, Arkansas, U.S, freezers ., Wilkesboro , North Carolina, Great

☆ WSJ Opinion: The GOP Presidential Candidates' Soft Targeting of Donald Trump
▼ + stars: | 2023-09-29 | by ( Wsj Opinion | ) www.wsj.com time to read: 1 min

WSJ Opinion: Robert Menendez, Gold Ingots and a Refusal to Resign Review and Outlook: New Jersey Sen. Robert Menendez is indicted for bribery and fraud, but he is resisting calls from fellow Democrats to resign. Images: Reuters/New York U.S. Attorney's Office Composite: Mark Kelly

Persons: Robert Menendez, Gold, Jersey Sen, Mark Kelly Organizations: New, New York U.S, Attorney's Locations: Jersey, New York

☆ Factbox: Big brokerages cut China growth forecast on growing worries over property sector
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: 1 min

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsAug 17 (Reuters) - Four major brokerages cut China's economic growth forecast for the year as worries about contagion from debt repayment troubles at its top private property developer Country Garden (2007.HK) deepened. China's economic growth outlook has soured further with retail sales, industrial output and investment growing at a slower-than-expected pace. Weak consumer demand has tipped the world's second largest economy into deflation amid rising pressure on Beijing to deliver more stimulus to support the economy. Following are forecasts from some global banks:Compiled by the Broker Research team in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Morgan Stanley, Lucas Jackson Organizations: New York U.S, REUTERS, HK, Broker Research, Thomson Locations: New York, Beijing, Bengaluru

☆ Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File PhotoAug 7 (Reuters) - Brokerage Morgan Stanley on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after the downgrade of sovereign debt by ratings agency Fitch last week. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade. "Investors will to call into question equity valuations, which were already high before the recent rise in yields," Wilson said in a weekend note. "If fiscal spending must be curtailed due to higher political or funding costs, the unfinished earnings decline that began last year is more likely to resume."

Persons: Morgan Stanley, Lucas Jackson, Fitch, Michael J Wilson, chalking, Wilson, Susan Mathew, Shweta Agarwal Organizations: New York U.S, REUTERS, U.S . Federal Reserve, Thomson Locations: New York, U.S, Bengaluru

[1/3] FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File PhotoNEW YORK, July 25 (Reuters) - U.S. banking giants may take up to four years to set aside profits to meet new capital rules, according to a report by Morgan Stanley. U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring the stability of big banks under international rules rolled out after the 2008 financial crisis. Holding more RWA will require banks to set aside more capital under the new standards. Most of the need to raise capital would come from assessments of the bank's operational risks and their trading books.

Persons: Morgan Stanley, Lucas Jackson, Betsy Graseck, Goldman Sachs, JPMorgan Chase, Morgan, Michael Barr, Tatiana Bautzer, Pete Schroeder, Lananh Nguyen, Chris Reese Organizations: New York U.S, REUTERS, Citigroup, JPMorgan, Bank of America, Federal, Federal Reserve, Federal Deposit Insurance Corporation, Thomson Locations: New York, Basel, Washington

☆ Adani Group statements to investors draw US regulatory scrutiny, Bloomberg reports
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - The U.S Attorney's Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant told them, Bloomberg News reported on Thursday. The U.S. Securities and Exchange Commission also has a similar probe underway, Bloomberg reported, citing two people familiar with the matter. The authorities are looking into the representations that Adani made to its American investors following short-seller Hindenburg's report, the Bloomberg report said. India's markets watchdog in May had "drawn a blank" in investigations into suspected violations in overseas investments in the Adani group and a Supreme Court-appointed panel said its ongoing pursuit of the case could be a "journey without a destination". Adani Group and the U.S. Attorney General's office did not immediately respond to requests for comment.

Persons: Adani, General's, Chandni Shah, Maju Samuel Organizations: U.S Attorney's, Adani Group, Bloomberg, U.S . Securities, Exchange Commission, Hindenburg Research, SEC, Eastern, of New York U.S, Attorney’s, Adani, U.S, Thomson Locations: Brooklyn , New York, Bengaluru

☆ Morgan Stanley profit beats as wealth business cushions deals slump
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +4 min

[1/2] A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas JacksonApril 19 (Reuters) - Morgan Stanley's first-quarter profit beat expectations as rising revenue from its wealth management division offset declines in its investment banking and trading units. The downswing in investment banking activity for Morgan Stanley, which forms the core of the bank's business, dragged total revenue down nearly 2% to $14.5 billion in the quarter. Meanwhile, revenue from equities trading fell 14%, while fixed income trading dropped 12%. While investment banks like Morgan Stanley and Goldman remain relatively insulated from the broader contagion worries of the crisis, the resultant uncertainty has again hurt the outlook for dealmaking, dampening hopes of recovery in the near-term.

☆ U.S. banks should defend by boosting liquidity, curbing risk -Morgan Stanley
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. "Expect management teams will open up the defense playbook," said a Morgan Stanley report led by Betsy Graseck. The bank said the sector is already in "systemic risk territory," as the U.S. Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) jointly invoked the systemic risk exception last week. Morgan Stanley also said U.S. banks should tighten lending standards, which will make it tougher to get a loan. "We don't think large banks will come in and entirely fill the vacuum that the regional banks leave, as most banks will want to tighten standards," it said.

☆ Morgan Stanley, BlackRock funds among those exposed to regional bank failures
▼ + stars: | 2023-03-13 | by ( David Randall | ) www.reuters.com time to read: +3 min

REUTERS/Lucas JacksonNEW YORK, March 13 (Reuters) - Mutual funds managed by Morgan Stanley (MS.N), Fidelity, and BlackRock (BLK.N) appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature Bank, Morningstar data showed, as a market selloff has erased more than $100 billion of U.S. banks' value. Few funds held positions that alone appeared large enough to badly damage them, though further selloffs in regional bank shares could increase the pressure, said Todd Rosenbluth, head of research at data analysts firm VettaFi. Regulators closed Signature Bank on Sunday, marking the third-largest bank failure in U.S. history, after Silicon Valley Bank on Friday became the country's second-largest bank to collapse. The $3.9 million BlackRock Future Financial and Tech ETF , meanwhile, held 3% of its assets in Signature and 1.7% in Silicon Valley Bank as of the end of December. Prior to the fall of Silicon Valley Bank, financial shares had drawn some U.S. investors, who expected rising interest rates to lift bank margins.

☆ World's oldest Hebrew Bible could fetch up to $50 million at auction
▼ + stars: | 2023-02-15 | by ( Aleksandra Michalska | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermidNEW YORK, Feb 15 (Reuters) - The world's oldest and most complete Hebrew Bible will go on display in London next week before an auction in May where it could sell for up to $50 million, Sotheby's said on Wednesday. Billionaire investor Kenneth Griffin set the record in 2021 when he paid $43.2 million at a Sotheby's auction for a first-edition copy of the U.S. Constitution. The document offers a critical link bridging Jewish oral tradition to the modern Hebrew Bible. The Hebrew Bible contains 24 separate books organized into three parts — the Pentateuch, the Prophets and the Writings. Starting with the book of Genesis and ending with Chronicles, the Hebrew Bible is foundational to Judaism, as well as Christianity and Islam.

☆ Buzz Aldrin shoots the moon with 93rd birthday wedding
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Former astronaut Buzz Aldrin participates in the Veterans Day parade in New York U.S., November 11, 2019. REUTERS/Brendan McDermid/File PhotoWASHINGTON, Jan 21 (Reuters) - Former U.S. astronaut Buzz Aldrin, who became the second human being to walk on the moon more than half a century ago, got married on his 93rd birthday, saying he and his bride were "as excited as eloping teenagers." Faur, who has a doctoral degree in chemical engineering, has served as executive vice present of Buzz Aldrin Ventures for the past four years, according to her LinkedIn page. "We were joined in holy matrimony in a small private ceremony in Los Angeles & are as excited as eloping teenagers," Aldrin said on Twitter. The intense fame generated by the Apollo 11 mission 54 years ago overwhelmed Aldrin after he returned to Earth.

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