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Dividend stocks in the Asia-Pacific beat the broader market in the fourth quarter of 2023 — bucking the trend in other regions. According to Morgan Stanley, the MSCI Asia Pacific ex Japan High Dividend Index outperformed the MSCI Asia Pacific ex Japan index by 1.76% in the fourth quarter last year. For the Asia-Pacific ex Japan region, Morgan Stanley produced a screen of what it called its "conviction list" of dividend stocks, using these criteria on a 12-month forward-looking basis: Likely to outperform the MSCI Asia Pacific ex Japan High Dividend Index. Low risk of having dividend cuts, as rated by Morgan Stanley analysts. Here are some stocks that appeared in Morgan Stanley's screen.
Persons: Morgan Stanley, Morgan, — CNBC's Michael Bloom Organizations: MSCI Asia, Asia, Fed Locations: Asia, Pacific, MSCI Asia Pacific, Japan, Asia Pacific
The ATM was supposed to wipe out bank tellers. And yet, here we are in 2023, with unemployment in the US at 3.8%, and an estimated 9.6 million jobs available. Tech typically creates more jobs overallSimply put, technology creates more jobs than it takes away. For example, there were fears that the advent of ATMs would put bank tellers out of work. And sure enough, a few years after the adoption of the ATM, there were fewer bank tellers per branch.
Persons: , Morgan Stanley, David Autor, who's, Banks, James Bessen, Here's Morgan Stanley, Uber, Carl Benedikt Frey, Daron Acemoglu, Simon Johnson Organizations: Service, Tech, Microsoft, Microsoft Excel, National Association of Economic Research, London, Oxford Martin School Locations: London, Hollywood
Lots of people are worried AI is going to take a bunch of jobs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Earlier this year, Goldman Sachs predicted AI would impact 300 million jobs worldwide, triggering "significant disruption" in the labor market. In a big research report published recently, Morgan Stanley compared the rise of AI with past periods of technological innovation. AdvertisementAdvertisementThat makes is absolutely key to help those who do face disruption develop new skills, something Morgan Stanley notes:
Persons: , Goldman Sachs, Daron Acemoglu, they're, Morgan Stanley, Here's Morgan Stanley, It's Organizations: Service, IBM, Microsoft Excel
But as the Fed has continued to ratchet up interest rates, good economic news has again become good news to the market. But market participants shouldn't be too optimistic that a true bottom to the bear market is in, according to Peter Boockvar. "The third phase of the bear market is everyone throws in the towel, and no one wants to own a stock again," he told Wealthion. Bear markets end with outright disgust." Goldman Sach's David Kostin, who is more bullish than Wilson in the near-term, assuming a recession doesn't play out, also thinks earnings expectations are too high.
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