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☆ Fighting Disinformation as Einstein on Twitter - The New York Times
▼ + stars: | 2023-06-04 | by ( Benyamin Cohen | ) www.nytimes.com time to read: +3 min

Long before the word “tweet” was associated with anything other than birds, Einstein’s career was nearly derailed by an early form of the disinformation now ubiquitous on social media. In 1920, skeptical scientists who deemed Einstein a crackpot, and his theory of relativity nonsense, joined forces. Like other prominent Jews, Einstein was targeted as an enemy of the state, and a bounty was rumored to have been placed on his head. Einstein received a welcome reception whenever he arrived on the shores of New York City. For the final two decades of his life, he was one of the most widely respected public figures in the world.

Persons: Einstein, ”, Matthew Stanley, Stanley, “, Carolyn Abraham, —, Walter Cronkite, influencers Organizations: Berlin Philharmonic Hall, New York University, Caltech, Facebook, Twitter Locations: Germany, Austrian, Europe, New York City, United States

☆ Cargill to sell China poultry unit to private equity firm DCP Capital
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 31 (Reuters) - U.S. agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, it added. The U.S. company started its China poultry operations in 2011, breeding, raising and processing the chickens. China's DCP Capital has invested in several other food and agriculture businesses including one of China's top poultry producers Fujian Sunner Development(002299.SZ), its website says. It also said the private equity firm was focused on Greater China and led by former members of the KKR and Morgan Stanley private equity businesses.

Persons: Cargill, Morgan Stanley, Dominique Patton, Christian Schmollinger, Barbara Lewis Organizations: Cargill, DCP, Cargill Protein China, Wellhope, Fujian Sunner, KKR, Thomson Locations: BEIJING, China, United States, Chuzhou, Anhui, U.S, Fujian

☆ Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race
▼ + stars: | 2023-05-19 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

James Gorman said Friday he plans to resign as Morgan Stanley 's CEO within the year, setting off a succession race atop one of Wall Street's dominant firms. Since taking over in 2010, Gorman has pulled off one of the more successful transformations on Wall Street. Through a series of savvy acquisitions, Morgan Stanley rebounded after nearly capsizing during the 2008 financial crisis to become a wealth management juggernaut. The bank began that journey in 2009, when Morgan Stanley purchased Smith Barney from Citigroup in the throes of the financial crisis, gaining thousands of financial advisors. Shares of Morgan Stanley have tripled during Gorman's tenure.

☆ Big-name investors are going all-in on AI
▼ + stars: | 2023-05-18 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Some of the best-known names in investing are betting big on artificial intelligence stocks. Bill Ackman recently revealed a $1 billion bet on Google parent Alphabet, while Stanley Druckenmiller pumped a combined $430 million into Microsoft and Nvidia. Tiger Global founder Chase Coleman, billionaire trader Paul Tudor Jones, and Ark Invest CIO Cathie Wood are all bullish on AI. Billionaire investors including Bill Ackman, Stanley Druckenmiller and David Tepper are betting big on firms at the forefront of the AI race - such as Microsoft, Alphabet and chipmaker Nvidia. Here's how seven top players are responding to the AI trend:

Six months after Morgan Stanley pulled its rating on Carvana shares, the firm says it has "improved confidence" in the used-car dealer. Analyst Adam Jonas reinstated coverage of the stock, giving it an equal-weight rating. The analyst added that the company's reductions of selling, general and administrative expenses have been progressing better than expected, marking a "turning point" for Carvana. Carvana shares have soared nearly 130% in 2023. CVNA YTD mountain Carvana stock —CNBC's Michael Bloom contributed to this report.

[1/4] Twitter, X Corp., and Tesla CEO Elon Musk poses with French President Emmanuel Macron prior to their talks, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Some 200 business leaders attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018, his office said. Musk, who also lunched with Finance Minister Bruno Le Maire, said he was confident Tesla would make "significant investments" in France in the future, without giving a timetable. "No announcement today but I am very impressed with President Macron and the French government and how welcoming they are," he told reporters. Morgan Stanley plans to increase headcount in France by 200 by 2025, bringing total staff in the country to 500.

☆ Morgan Stanley expects an area of tech to boom into a $5 trillion opportunity and names 3 stock picks
▼ + stars: | 2023-05-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

E-commerce is set for a boom, according to Morgan Stanley, which predicts that the industry will be worth $5 trillion by 2027. "We largely saw a focus on profitability over growth emerge through 2022," Morgan Stanley analysts wrote. Morgan Stanley picked stocks to play the boom, choosing them based on their "outsized growth potential," market leadership and "attractive" trading multiples relative to history, among other factors. Amazon Morgan Stanley noted that although Amazon has around 37% of the U.S. e-commerce market, it has captured only 9% of U.S. retail sales. MercadoLibre Morgan Stanley said it sees MercadoLibre as a "share gainer" in a region that still has a "multiyear eCommerce penetration opportunity."

☆ Morgan Stanley says the global education market will be worth $8 trillion, and names 4 stock picks
▼ + stars: | 2023-05-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Global spending on education will be worth $8 trillion by 2030, Morgan Stanley predicts, saying there are opportunities in the market that are "just beginning to be enabled by technology." Stock picks Morgan Stanley named seven stock picks to capitalize on the trend. 3P Learning : Morgan Stanley said the Australian firm is a "distinct" product that reaches a wide variety of groups – schools, teachers, parents and home users. Arco Platform : Morgan Stanley says Arco is a leader in Brazil's K-12 learning systems, and has a presence throughout the country. YDUQS : Morgan Stanley noted the firm, which is also a Brazilian player, is committed to being accessible and affordable to lower-income groups.

☆ Meet 12 Walmart execs steering its $2.7 billion ad business as it races to catch up to Amazon
▼ + stars: | 2023-05-03 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +1 min

Walmart is the second-largest retail advertising player, behind Amazon. The retailer is investing in talent, tech, and partnerships to grow its $2.7 billion ad business. Insider identified 12 execs in charge of growing Walmart's ad business. In 2022, Walmart's ad business, Walmart Connect, was $2.7 billion — up 30% year-over-year — making it the second-biggest e-commerce ad seller. Most of that market is currently owned by Amazon's $37.7 billion ad business.

☆ Club meeting recap: Equities under pressure, Morgan Stanley layoffs, earnings
▼ + stars: | 2023-05-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Equities under pressure Watch Morgan Stanley Earnings on deck 1. Watch Morgan Stanley Club holding Morgan Stanley (MS) plans to eliminate about 3,000 jobs, or 5% of its workforce, by the end of June. The move should help Morgan Stanley protect its profits during a period of slower economic growth. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs
▼ + stars: | 2023-05-02 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

The logo of Morgan Stanley is seen in New YorkAs Wall Street's slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley , Bank of America and Citigroup have turned to job cuts in recent weeks. Morgan Stanley plans to eliminate roughly 3,000 positions by the end of June, according to a person with knowledge of the plans. The layoffs are expected to impact banking and trading staff the most, according to Bloomberg, which reported the moves earlier. The IPOs, debt issuance and mergers that feed Wall Street have all remain muted this year. For Morgan Stanley, the cuts show that Wall Street is wrangling with expenses as the slump drags on for longer than expected.

☆ Morgan Stanley plans to cut another 3,000 jobs, source says
▼ + stars: | 2023-05-01 | by ( Matt Egan | ) edition.cnn.com time to read: 1 min

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☆ Stocks are headed into risky territory as the Fed keeps policy tight and earnings growth slows, Morgan Stanley's chief stock strategist says
▼ + stars: | 2023-04-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks are facing risks as the Fed continues to keep monetary policy tight, Morgan Stanley's Mike Wilson said. Wilson previously has warned of an earnings recession that could rival 2008. "Markets often reprice late in the cycle when they realize that Fed policy is not accommodative enough to compensate for the slowing growth backdrop," Wilson said in a note on Monday. For the first quarter, the consensus view on Wall Street is for a 9% decline in earnings growth in S&P 500 companies, followed by just a 4% drop in the second quarter, with earnings growth returning the second half of the year. We would agree with that conclusion if we believed the consensus forecasts," Wilson warned.

☆ Big bank earnings season is over. Here's how our stocks stack up against peers
▼ + stars: | 2023-04-23 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Big bank earnings are behind us. Investment banks Goldman Sachs (GS) and Club holding Morgan Stanley (MS) are the two pure-play investment banks we care about. Third place was tight, but the combination of better earnings growth and a significantly better ROTCE made Bank of America (BAC) the better performer. Sizing up bank valuations Morgan Stanley is currently trading at a premium at 13.7 times forward earnings, compared to 10.3 for GS. Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014.

☆ Managing Rich People’s Money Isn’t Always Easy
▼ + stars: | 2023-04-19 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Morgan Stanley procures its deposits via a network of affluent clients. But it isn’t just free money. Morgan Stanley ’s huge wealth management business generates significant net interest income, about 15% of its net revenue in the first quarter. So it was able to benefit from the same rising-rate forces still helping a lot of its large retail banking peers. That provided a ballast to its Wall Street unit, which like most peers, including Goldman Sachs , suffered from drop-offs in activity compared with a year earlier.

☆ Morgan Stanley Profit Falls 19% on Deal-Making Drought
▼ + stars: | 2023-04-19 | by ( Annamaria Andriotis | ) www.wsj.com time to read: 1 min

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☆ Morgan Stanley predicts solid first-quarter results for these 5 European stocks – but with a catch
▼ + stars: | 2023-04-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley predicted that European companies will beat market expectations for first-quarter earnings, citing the better-than-expected macro figures of the last few months. Strategists at the bank warned that these factors could lead to downgrades later in the year, alongside a 10% fall in full-year earnings per share. The table below shows five stocks highlighted by Morgan Stanley, where its analysts have a "high conviction" in results. The investment bank said Saint-Gobain isn't expected to beat market expectations when it reports first-quarter results on Apr. Morgan Stanley is also bullish toward London-listed Whitbread ahead of its full-year results on Apr.

☆ US stocks end mixed after new batch of earnings reports
▼ + stars: | 2023-04-19 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The S&P 500 was flat, and tech stocks pushed through rising bond yields. The Dow industrials were hurt in part as Disney shares fell. Meanwhile, Netflix shares fell after mixed results from the streaming service. Morgan Stanley shares fell as the investment bank posted a better-than-expected quarterly profit but dealmaking at the firm slowed. In the bond market, yields rose along with UK sovereign yields after British inflation unexpectedly held above 10% as food prices rose in March.

☆ 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.

☆ A real-estate investor who's built a 311-unit portfolio over the last 26 years lays out how new investors can scale up and maximize cash flow in today's market as strategies like home-flipping and BRR
▼ + stars: | 2023-04-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

A much better strategy to scale up in today's market is house hacking, Curry said. When Anne Curry started to build her 311-unit portfolio in the late 1990s, she turned to hard money lenders. Curry also said it offers investors to maximize cash flow and the chance to scale up. "Buy something that your mortgage payment is such where you could rent it out for that much, or maybe a little more," she said. The total mortgage payment for the property is about $3,000 per month she said, and he's able to charge $1,800 for the one unit and $900 for the bedroom.

☆ INDIA RUPEE Indian rupee to strengthen as weak US data pushes dollar to 2-month low
▼ + stars: | 2023-04-05 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, April 5 (Reuters) - The Indian rupee is expected to rise against the U.S. currency on Wednesday as weak manufacturing and job openings data dented demand for the dollar. The non-deliverable forwards indicate the rupee will open at around 82.08-82.12 to the U.S. dollar, compared with 82.3325 on Monday. The dollar index overnight dropped to its lowest level since Feb. 2. Data overnight showed U.S. job openings dropped to their lowest level in nearly two years in February, indicating that the Fed rate hikes were cooling off the U.S. labour market. The job openings release comes on the back of data that showed that U.S. manufacturing activity slumped in March to the lowest level in nearly three years.

☆ Hong Kong Arrests Show No Letup in Beijing-Driven Crackdown on Dissent
▼ + stars: | 2023-03-30 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

HONG KONG—Elizabeth Tang flew home to visit her husband in Stanley Prison, where he is awaiting trial on national security charges. As the 65-year-old labor activist left the Hong Kong maximum security facility earlier this month, a team of police was waiting—along with journalists from a state-owned newspaper. Ms. Tang’s arrest on March 9 for alleged collusion with foreign forces sent a signal to the financial hub’s 7.3 million people and their Communist Party rulers in Beijing: There would likely be no letup in the campaign to root out dissent.

☆ New White House bank regulation plan impacts short list of banks
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar/File PhotoWASHINGTON, March 30 (Reuters) - The White House's plan to strengthen the U.S. banking system announced on Thursday makes new demands on a small group of midsized banks. The plan asks regulators to demand banks with between $100 billion and $250 billion in assets increase liquidity and capital, and submit to extra stress tests, among other changes. BANK ASSETS, BILLIONCitizens Bank $226.4First Republic $212.6Morgan Stanley Priv. Bnk $209.7Silicon Valley $209.0Fifth Third Bank $206.3Morgan Stanley Bank $201.4Manufacturers & Traders $200.3Keybank $187.6Huntington $182.3Ally Bank $181.9BMO Harris $176.9HSBC Bank USA $162.4American Express $155.4Northern TC $154.5Regions Bank, AL $154.2Discover $129.4Signature $110.4First Citizens $109.2MUFG Union $104.4Reporting by Dan Burns; Writing by Heather Timmons; Editing by Anna DriverOur Standards: The Thomson Reuters Trust Principles.

☆ I foresee energy coming back, says KKM Financial's Jeff Kilburg
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI foresee energy coming back, says KKM Financial's Jeff KilburgJeff Kilburg of KKM Financial and Katerina Simonetti of Morgan Stanley Private Wealth Management join CNBC's Jon Fortt and the 'CNBC Special: Taking stock' to discuss the markets, their short-term outlooks and strategy for investing now.

☆ The Second-Biggest Bank Failure
▼ + stars: | 2023-03-10 | by ( Karl Russell | Christine Zhang | ) www.nytimes.com time to read: +5 min

A bar chart of U.S. bank failures since 2001, showing that Silicon Valley Bank’s collapse was the second-biggest in U.S. history in terms of assets. Before Silicon Valley Bank, the last firm to fail was in late 2020, as the coronavirus was ravaging the country. It’s unclear whether the collapse of Silicon Valley Bank will spread to the broader industry. Silicon Valley Bank 209 17. Silicon Valley Bank 209 Fifth Third Bank 17.

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