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☆ Layoffs could be coming to Morgan Stanley's wealth management business at a critical time
▼ + stars: | 2024-02-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Layoffs could be coming to Morgan Stanley's crucial wealth management business — a prudent step to improving the bank's overall cost structure amid uncertainty over Federal Reserve interest rate moves. During his tenure at the helm, Gorman pivoted Morgan Stanley to rely less on investment banking by building up wealth management, which has a more predictable revenue stream. MS YTD mountain Morgan Stanley (MS) year-to-date performance Possible layoffs in wealth management are important because it's Morgan Stanley's largest operating segment — making up roughly half of companywide revenue. "Morgan Stanley's paying you to wait with that 4% yield, and they're right in there buying with you thanks to their aggressive buyback." Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.

Persons: Morgan Stanley's, Morgan Stanley, Ted Pick, CNBC's, James Gorman, Jan, Gorman, it's Morgan, Pick, Jim Cramer, Jim Cramer's, Jim, Adam Galici Organizations: Wall Street, Silicon Valley Bank, Currency, CNBC Locations: Silicon, management's, U.S, Wells Fargo, Davos, Switzerland

☆ Morgan Stanley expected to lay off hundreds of employees from its wealth-management team
▼ + stars: | 2024-02-14 | by ( Lauren Steussy | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Layoffs are coming for Morgan Stanley's wealth-management division, according to The Wall Street Journal. It's one of the first major moves since Chief Executive Ted Pick took over. AdvertisementMorgan Stanley is trimming from its wealth-management division, according to The Wall Street Journal. The cuts represent about 1% of the total wealth-management division. The wealth-management division has seen some slowing down in recent months.

Persons: Morgan Stanley's, Ted Pick, —, Morgan Stanley, James Gorman, aren't Organizations: Wall Street, Service

“And I wonder if there’s a major presidential endorsement coming from an artificially culturally propped-up couple this fall." Conspiracy theories gain the widest attention when they target the most well-known figures and institutions. The latest right-wing conspiracy theories blend Swift with claims about the most watched sporting event in the U.S. and a pivotal presidential election, making any intersection of the events ripe for conspiracy theories. “The good news is people don’t believe in conspiracy theories more than they have in the past. I’ve taken my daughter to Taylor Swift concerts before.

Persons: —, Taylor Swift, “, Vivek Ramaswamy, Travis Kelce, Ryan Allstun, Nikki Haley, Allstun, Donald Trump, Swift, ”, Joe Biden, Matt Gorman, ” Susan Cummins, Haley, Cummins, ” Cummins, Joseph Uscinski, Pied Piper, ” Uscinski, Mellissa, wouldn’t, Best, Uscinski, Biden, Phil Bredesen, Sen, Marsha Blackburn, it’s, credibly, David Jackson, Jackson, Trump, “ Taylor Swift, Karoline Leavitt, Sean Hannity, Leavitt, ” Haley, ” “ Taylor Swift, I’ve, ___ Pollard Organizations: WASHINGTON, Super, Kansas City Chiefs, Green Bay Packers, GOP, Democratic, Swift, Philadelphia Eagles, University of Miami, Trump, Republicans, Tennessee Gov, Democrat, Senate, Republican, Bowling Green State University, Fox News Locations: Lancaster , South Carolina, Charleston , South Carolina, New Jersey, U.S, Florence , South Carolina, Columbia , South Carolina

☆ One of Wall Street's favorite ways to control workers is under attack
▼ + stars: | 2024-02-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

One of Wall Street's favorite employee leverage tactics — non-compete agreements — is facing a major threat, and there could be far-reaching implications for how the financial industry does business. But it's also clear that Wall Street firms are under particular attention for the practice. With major Wall Street firms already having among the most unpopular back-to-work policies in the market, "Wall Street is already in a position where they are recognizing they don't have all the hands they had before," Chamberlin said. Shore recommends Wall Street firms undertake a thorough competitive analysis at every level in every department to ensure they are market competitive. Even if the FTC rule goes through, Wall Street firms still have options to protect their business.

Persons: Charles Scharf, Wells, Brian Thomas Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Ronald O’Hanley, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, James Gorman, Morgan Stanley, General Mills, —, Wall, it's, Kathy Hochul, that's, Covid, Laurie Chamberlin, Chamberlin, Lina Khan's, Khan, It's, David Fisher, Gilbert, Fisher, Juan A, Crowell, Arteaga, Paul Webster, Matt Shore, Kareem Bakr, Webster, Leslie John, Ballard Spahr, John Organizations: Company, Bank of America, JPMorgan, Citigroup, BNY, Google, Apple, Pfizer, Exxon Mobil, General Electric, Procter, Gamble, Nike, Economic, Institute, Federal Trade Commission, North America, American College of Emergency Physicians, Davis, FTC, Supreme, Industry, Moring, Wall, Phaidon International, Wall Street Locations: Wells Fargo, Hart, Washington ,, New York, . California, U.S, Gilbert . Massachusetts, Oregon, Washington, Massachusetts

☆ Some Fall Out of Vogue. She Jumped.
▼ + stars: | 2024-02-07 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

When Gabriella Karefa-Johnson, the fashion editor-personality who became famous as the first Black woman to style a Vogue cover (in 2021) and even more famous after she got into a social media brouhaha with Kanye West, was interviewing for her first big fashion job at Vogue, she ended up, not surprisingly, in front of Anna Wintour. Ms. Wintour asked Ms. Karefa-Johnson where she wanted to be in 10 years. Ms. Karefa-Johnson answered — as Ms. Wintour once had, when asked a similar question — editor in chief of Vogue. Almost exactly a decade later, Ms. Karefa-Johnson doesn’t necessarily want that any more. “I resigned as kind of a material action of solidarity and because it was just time for me to move on,” Ms. Karefa-Johnson, 32, said recently.

Persons: Gabriella Karefa, Johnson, Anna Wintour, Ms, Wintour, Karefa, —, Kamala Harris, Amanda Gorman, Margot Robbie, Barbie ”, Condé Nast, “ Organizations: Kanye, Vogue Locations: Israel, Gaza

☆ Snap's new mass layoffs hit teams across tech, trust and safety, and an internal analytics team aiding DEI efforts
▼ + stars: | 2024-02-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Snap's new mass layoff impacted workers in a range of roles across the company. Another perceived Snap in recent months as a company in "managed decline." C-suite executives who were hired or promoted, like Jerry Hunter and Jeremi Gorman, respectively, to build up and manage Snap's business, are gone and are not being replaced, as CEO Evan Spiegel is taking on oversight of the business. Engineering leaders, too, left the company in recent months. Snap has hired some new executives, like Patrick Harris, Ronan Harris, Darshan Kantak and Eric Young, but none are in the c-suite.

Persons: Evan Spiegel, Snap's, Spiegel, Jerry Hunter, Jeremi Gorman, Patrick Harris, Ronan Harris, Darshan Kantak, Eric Young Organizations: Business, Workers, Monday, BI, Meta, Apple, Engineering Locations: North America, California

☆ Annie Lennox calls for ceasefire during Grammys performance
▼ + stars: | 2024-02-05 | by ( Marianne Garvey | ) edition.cnn.com time to read: +2 min

CNN —Annie Lennox made a plea for peace by calling for a ceasefire during the Grammy Awards on Sunday. In one of the few moments of the night evoking global events, Lennox concluded her tribute to Sinéad O’Connor with a performance of “Nothing Compares 2 U” by raising her fist and shouting, “Artists for ceasefire! “We stand for our common humanity, and a future rooted in freedom, justice, dignity and peace for all people. “Music must always be our safe space,” Mason said, as a string quartet comprised of musicians of Palestinian, Israeli and Arab descent, according to Mason, played together on stage. “Music must remain the common ground upon which we all stand together in peace and harmony.”

Persons: Annie Lennox, Lennox, Sinéad, ” Lennox, Joe Biden, Ferrera, Jordan Peele, Gracie Abrams, Jennifer Lopez, Ben Affleck, Amanda Gorman, Jon Stewart, Drake, America Ferrera, Gracie Abrams Matt Winkelmeyer, Eugene Gologursky, Neilson Barnard, Harvey Mason Jr, ” Mason, Mason, Ariana, ” Organizations: CNN, Artists, America, Getty, The Recording Academy, Nova Music Locations: Gaza, Israel, Artists4Ceasefire.org, Dua Lipa, Ariana Grande, England, Paris, Nova

LONDON (AP) — Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and natural gas prices, which had surged the year before in the wake of Russia's invasion of Ukraine. In a statement Thursday, London-based Shell said its post-tax earnings fell 29%, to $28.3 billion from the previous year's all-time high of $40 billion. The main reason behind the decline was the fall in energy prices, with oil trading at an average of $82 a barrel against $100 the year before. Last year, Shell effectively abandoned one of its green pledges, which was to cut oil production by 1% to 2% each year until the end of the decade, saying it had already met the goal. Shell and the wider oil and gas sector also are under pressure to pay more in taxes on windfall profits as households have struggled during a cost-of-living crisis driven by higher energy costs.

Persons: Shell, Wael Sawan, “, ”, Yemen’s Houthi, Sinead Gorman Organizations: —, Shell, Greenpeace, BP Locations: Ukraine, London, U.N, Red

☆ California Braces for Back-To-Back Atmospheric River Storms
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

The first of the back-to-back storms, both products of vast airborne currents of dense moisture called atmospheric rivers, was expected to hit Northern California on Wednesday and sweep over the Southern California coast on Thursday. Some roadways and streams could flood in Southern California on Thursday, though major bouts of inundation are less likely, according to Swain. "Suffice it to say there will be some flooding in Southern California," Swain said. A series of about a dozen atmospheric river storms lashed California in rapid succession last winter, causing mass evacuations, power outages, levee breaches and road closures in a state long preoccupied with drought and wildfires. The latest storms are expected to help improve the state's water supply picture, which is lagging at below-average levels so far this winter.

Persons: Steve Gorman, Daniel Swain, Swain, Lincoln Organizations: ANGELES, Reuters, University of California, National Weather Service Locations: California, Northern California, Southern California, Los Angeles, San Francisco Bay, Central Coast, Swain, Diego, Ventura County

When Aaliyah Iglesias was caught vaping at a Texas high school, she didn’t realize how much could be taken from her. ___E-cigarettes have inundated middle and high schools. The episode that got her in trouble happened elsewhere in Texas, at Athens High School, where her debate team was competing last February. She was sent to her district’s alternative school for 30 days, which was the minimum punishment for students caught vaping under Tyler schools' zero-tolerance policy. In a pilot program, the district installed vape sensors in bathrooms and cameras outside the doors.

Persons: Aaliyah Iglesias, vaping, ___, Iglesias, “, ” Iglesias, I’m, Tyler, Rick Cadiz, ”, Michael Allman, Jennifer Villines, they’re, ” Villines, it’s, “ I’m, McCarthy, Yasmeen Saadi, Mikaela, Asplen Gengenbacher, Alexis Simmerman, Parker Daly, Elise Darragh, Ford, Emily Handsel, Henry Hill, Victoria Ren, Shaurya Sinha, Carolyn Stein, Jessica Yu Organizations: Schools, Stanford University, University of Missouri, Associated Press, Tyler High School, Athens High School, Smart Sensors, IPVideo, HALO, “, San Dieguito Union High School District, Coppell Independent School District, vaping, National Honor Society, Tyler Junior College Locations: Texas, Tyler , Texas, Tyler, ” Cadiz, Cadiz, California, Gorman, AP.org

☆ JPMorgan just shuffled its management. Here's what the new line-up says about Jamie Dimon's succession plans.
▼ + stars: | 2024-01-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

Lake, who co-led the consumer and community bank with Piepszak since 2021, will now have sole oversight of that segment. Piepszak and Rohrbaugh will take on day-to-day control of the corporate and investment bank, which Daniel Pinto has led since 2014. Jennifer Piepszak, a JPMorgan lifer, will leave the consumer side of the organization for her new role atop the commercial and investment bank. BIIIn her new role, Piepszak will have a chance to gain more experience on the wholesale side of the business. She joined the bank following her college graduation and spent 17 years in various finance roles across the investment bank.

Persons: Jamie Dimon, Jennifer Piepszak, Marianne Lake —, Dimon, Troy Rohrbaugh, Rohrbaugh, Daniel Pinto, Pinto, Dimon's, JPMorgan Pinto, Gordon Smith, Lake, Piepszak, JPMorgan.com Mary Callahan Erdoes, Erdoes, Morgan Stanley, James Gorman, Mike Mayo Organizations: JPMorgan Chase, Business, JPMorgan, Wall, First Locations: Piepszak, BII, Euromoney, Wells Fargo

☆ Bank of America sends letters threatening 'disciplinary action' to employees who aren't coming into the office
▼ + stars: | 2024-01-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Bank of America is issuing warning letters to workers who aren't coming into the office. The bank has been sending letters to correct workplace attendance since late 2023. In its latest effort to herd its employees back to the office, Bank of America has been sending out warning letters it's calling "letters of education" to those who haven't been turning for work. AdvertisementSince October 2022, Bank of America has been requiring the majority of its employees to come into the office at least three days a week. In April of last year, JPMorgan's CEO Jamie Dimon mandated the firm's top executives to come into the office five days a week.

Persons: —, haven't, Jamie Dimon, Goldman Sachs, Morgan Stanley's, James Gorman, Nick Bloom Organizations: of America, Wall, Service, Bank of America, Financial Times, Business, Workers, BI, Stanford

☆ Here's a rapid-fire update on all 32 stocks in our portfolio, including Cramer's fave tech play
▼ + stars: | 2024-01-24 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +15 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Investors tend to assign a premium to software revenue because it is often recurring and higher margin than hardware. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, downgrades, preorders, we've, Jim said, Salesforce, Baird, Dupont De, Dupont, Walt Disney, Nelson Peltz, Estee Lauder, Fabrizio Freda, We've, he's, it's, Locker, Mary, Vimal Kapur, Eli Lilly, Lilly, Meta's Ray, Morgan Stanley, Ted Pick, James Gorman, —, chipmaker, It's, hasn't, Stanley Black, Decker, Wells, Charlie Scharf, We'll, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, mojo, Vision Pro, Broadcom, VMWare, Bausch Health, Caterpillar, Dupont, Costco Wholesale, Coterra Energy, Dupont De Nemours, Disney, Eaton Corp, Ford, Holding, Federal Reserve, GE Healthcare, Wall, Google, Honeywell, Boeing, Airbus, Linde, Facebook, Microsoft, Nvidia, Alto Networks, Palo Alto, Procter & Gamble, Constellation Brands, Modelo, TJX, Wynn Resorts, We've, Wynn, Jim Cramer's Charitable Locations: China, Indonesia, Brazil, India, U.S, Shenzhen, We're, Eaton, Ford, That's, Palo, Palestine, Wells Fargo, Wynn, Macau

☆ Three Killed in Helicopter Skiing Crash in British Columbia
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - At least three people were killed on Monday in the crash of a helicopter carrying a group of recreational skiers on an outing in British Columbia, the tour operator said in a statement. The chopper went down near Terrace, a town of about 12,000 residents in the Skeena region of west-central British Columbia about 70 miles (112 km) east of the Alaska border, according to Northern Escape Heli-Skiing. The British Columbia Emergency Health Services reported separately that four people injured in the crash and treated by paramedics at the scene were taken to Mills Memorial Hospital in Terrace in critical condition. It was left unclear whether any of those initially hospitalized were among the victims later listed as deceased by the tour operator, whose website promotes trips featuring "big mountain, backcountry skiing at its finest." There was no official word on the cause or circumstances surrounding the crash, which occurred at about 4 p.m. local time.

Persons: Tamara Little, Steve Gorman, Michael Perry Organizations: Reuters, British Columbia Emergency Health Services, Mills Memorial Hospital Locations: British Columbia, Terrace, Skeena, Alaska, British, Mills, Los Angeles

☆ Illinois Man Who Shot 8 People to Death Was Family to Most of His Victims
▼ + stars: | 2024-01-23 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Steve Gorman(Reuters) - A man who fatally shot eight people in Illinois over the weekend before taking own life as law enforcement closed in on him in Texas was a family relative to most of his victims, but his motives remain a mystery, police said on Tuesday. The suspect, 23-year-old Romeo Nance, shot himself to death on Monday night as U.S. marshals gave chase outside a gasoline station near San Antonio, Texas, ending a manhunt that began 24 hours earlier about 1,200 miles (1,930 km) to the north outside Chicago, police said. Will County sheriff's deputies tied that slaying to the getaway car used in the nearby shooting of another man who survived his attack with a leg wound. Dan Jungles, deputy chief sheriff, said Nance had an "extensive criminal history" but that getting answers to the killings may ultimately confound investigators. "We may never know the truth of the motive behind these senseless killings," he said.

Persons: Steve Gorman, Romeo Nance, Nance, Williams Evans, Evans, Dan, Stephen Coates Organizations: Reuters, Joliet Police Locations: Illinois, Texas, San Antonio , Texas, Chicago, Joliet , Illinois, Nigerian, Will County, Los Angeles

☆ Four Astronauts, Including Turkey's First, Arrive at Space Station
▼ + stars: | 2024-01-20 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

By Steve Gorman(Reuters) - A four-man crew including Turkey's first astronaut arrived at the International Space Station (ISS) early on Saturday for a two-week stay in the latest such mission arranged entirely at commercial expense by Texas-based startup company Axiom Space. The rendezvous came about 37 hours after the Axiom quartet's Thursday evening liftoff in a rocketship from NASA's Kennedy Space Center in Cape Canaveral, Florida. Once the astronauts reach the space station, they fall under the responsibility of NASA's mission control operation in Houston. The multinational team was led by Michael López-Alegría, 65, a Spanish-born retired NASA astronaut and Axiom executive making his sixth flight to the space station. Axiom also is one of a handful of companies building a commercial space station of its own intended to eventually replace the ISS, which NASA expects to retire around 2030.

Persons: Steve Gorman, Turkey's, NASA's, Michael López, Axiom's, Walter Villadei, Marcus Wandt, Alper Gezeravcı, David Evans Organizations: Reuters, Space, NASA's Kennedy Space Center, Elon, SpaceX, NASA, Italian Air Force, European Space Agency, Turkish Air Force, ISS Locations: Texas, Cape Canaveral , Florida, Houston, Spanish, Japan, Denmark, U.S, Canada, Los Angeles

☆ New Morgan Stanley CEO is 'super bullish' on hitting financial targets
▼ + stars: | 2024-01-18 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Morgan Stanley 's new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in client assets and a 20% return. Pick, a three-decade Morgan Stanley veteran who took over this month, said he has three priorities: sticking to the strategy laid out by predecessor James Gorman, maintaining the bank's culture and achieving their targets. Pick's predecessor guided Morgan Stanley in the aftermath of the 2008 financial crisis that nearly capsized the investment bank. "Part of the reason the boss had so much success is he kind of guided the place to a durable narrative instead of the herky-jerky, unpredictable Morgan Stanley," Pick said. The firm's "secret sauce" is in the combination of a leading investment bank with its wealth management operations, he added.

Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gorman, Morgan, Goldman Sachs Organizations: CNBC, Economic, Federal Reserve, CNBC PRO Locations: Davos, Switzerland, U.S

☆ What activist investor Nelson Peltz can bring to the board of underperforming Disney
▼ + stars: | 2024-01-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company's upcoming annual meeting. Trian oversees about $3 billion worth of Disney stock. The board oversight is awful," the activist investor told Jim, who agrees. In March 2018, Peltz joined the board of Procter & Gamble — a relationship that led to market share gains and improved financial performance. Peltz has been pushing Disney board representation since the beginning of 2023 .

Persons: Trian, Nelson Peltz, Peltz, Jay Rasulo, Disney, Morgan Stanley, James Gorman, Ike Perlmutter's, Bob Iger, Jim, we've, Procter & Gamble, there's, Iger, Bob Chapek, Jim Cramer's, Jim Cramer, David A Organizations: Trian Partners, Disney, Marvel Entertainment, missteps, CNBC, ESPN, DIS, Procter &, Netflix, Alpha, Grogan Locations: New York

☆ Walt Disney Nominates 12 to Board of Directors, Says CEO Iger’s Compensation Doubled in 2023
▼ + stars: | 2024-01-17 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Photo: PHIL MCCARTEN/REUTERSWalt Disney recommended shareholders vote for its 12 nominees to the company’s board of directors and said Chief Executive Robert Iger ’s total compensation doubled in fiscal 2023. The company nominated Chairman Mark Parker to the board, as well as Mary Barra , Safra Catz , Amy Chang , Jeremy Darroch , Carolyn Everson, Michael Froman , James Gorman, Robert Iger, Maria Elena Lagomasino , Calvin McDonald , and Derica Rice.

Persons: PHIL MCCARTEN, REUTERS Walt, Robert Iger ’, Mark Parker, Mary Barra, Safra Catz, Amy Chang, Jeremy Darroch, Carolyn Everson, Michael Froman, James Gorman, Robert Iger, Maria Elena Lagomasino, Calvin McDonald, Derica Rice Organizations: REUTERS, REUTERS Walt Disney

☆ Jim Cramer addresses Morgan Stanley's losing streak and what the new CEO needs to do about it
▼ + stars: | 2024-01-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "All parabolic moves end badly," Jim Cramer said Wednesday. Morgan Stanley was on a six-session losing streak, including Wednesday's decline. Morgan Stanley shares sank more than 4% on Tuesday after comments on the post-earnings conference call about wealth management margin consolidation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Morgan Stanley, Ted Pick's, James Gorman, Disney, Nelson Peltz's, Gorman, Nelson Peltz, Jim Cramer's Organizations: CNBC, Disney Locations: U.S, Europe

Zelensky and Trump loom over DavosTwo people are having an outsize impact at the World Economic Forum, and one of them isn’t even there. One is Volodymyr Zelensky, Ukraine’s president, who put on a full-court press of business and global leaders at the forum in Davos, Switzerland. Zelensky isn’t the only leader at Davos worried about Trump. The Ukrainian leader has sought to shore up global business support. And the annual wine tasting hosted by Anthony Scaramucci, the financier and former Trump official, well, ran out of wine.

Persons: Volodymyr Zelensky, Donald Trump, Zelensky, Vladimir Putin, Andrew, Trump, Putin, “, ” Zelensky, Republican Party ”, DealBook, thumped, JPMorgan Chase, Steve Schwarzman, Blackstone, Ray Dalio, David Rubenstein, Carlyle, Michael Dell, John Kerry, Biden’s, Anthony Scaramucci, Christine Lagarde, Christopher Waller, Nelson Peltz’s, James Gorman, Morgan Stanley, Mary Barra, General Motors —, Bob Iger, Disney’s, Murray Auchincloss, Bernard Looney, Auchincloss, Yi Fuxian Organizations: Trump, Economic, Ukraine, Republican Party, Republican, JPMorgan, Congress Center, Dell, European Central Bank, Fed, Disney, General, BP, University of Wisconsin – Locations: Davos, Switzerland, Europe, Ukraine, American, Iowa, Bridgewater, China, Beijing, Russia, Britain, U.S, Asia, University of Wisconsin – Madison

☆ Morgan Stanley revenue tops estimates, but CEO warns of geopolitical, economic risks ahead
▼ + stars: | 2024-01-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023. Morgan Stanley on Tuesday reported fourth-quarter revenue that surpassed expectations, boosted by the strength in investment banking. Shares of Morgan Stanley initially climbed in premarket trading following the results, but the stock closed Tuesday's session 4.2% lower. Morgan Stanley said its revenue from investment banking rose 5% from a year ago on the back of a 25% increase in fixed income underwriting revenue amid higher investment-grade issuances. Pick is a Morgan Stanley veteran who rose through the ranks to lead the bank's Wall Street operations.

Persons: Morgan Stanley, Ted Pick, James Gorman, Pick Organizations: Federal Deposit Insurance Corp, Securities, Exchange Commission, Firm, Wealth, CNBC PRO Locations: New York City, U.S, York

☆ Earnings playbook: Your guide to trading this week's biggest reports, including Goldman Sachs
▼ + stars: | 2024-01-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Data compiled by The Earnings Scout shows the early reporters have had no trouble beating earnings expectations so far. Tuesday Goldman Sachs is set to report earnings before the bell, followed by a conference call at 9:30 a.m. What history shows: Goldman exceeds earnings expectations 85% of the time, data from Bespoke Investment Group shows. What history shows: Bespoke data shows PNC tops earnings expectations 75% of the time. What history shows: KeyCorp shares have fallen on four of the last five earnings days, Bespoke data shows.

Persons: Goldman Sachs, Morgan Stanley, Hugh Son, Goldman, James Gorman, Ted Pick, it's, Jefferies, Schlumberger, SLB, Wells, Roger Read Organizations: JPMorgan Chase, Bank of America, Citigroup, Wall, PNC Financial, CNBC, Investment Group, Management, LSEG, PNC, Regional Banking, JPMorgan, UST, Schlumberger Locations: Wells Fargo, Cleveland, Pittsburgh, 3Q23, SLB

☆ 'Lift' director breaks down how they pulled off the 2 airplane fight sequences, with Kevin Hart doing most of his own stunts
▼ + stars: | 2024-01-14 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

"Lift" director F. Gary Gray spoke to Business Insider about the fight sequences at the movie's end. In this scene, Cyrus and Abby have been captured and the bad guys have taken over the private jet Cyrus' team was using. "It was important to design the private jet in a way that it didn't feel like the A380, so everything down to the color palette had to feel different. The fight had to feel different," Gray said. However, according to Gray, Hart was gung-ho on doing as much of the fight sequences himself as possible.

Persons: Gary Gray, Gray, —, Kevin Hart, Cyrus, Hart, Abby, Gugu, Steve Griffin, Netflix Gray, you've, Dominic Watkins, Burn Gorman, Netflix Kevin Hart, Kevin Organizations: Service, Netflix, Business, Airbus

Known for his hard-line stances against abortion and LGBTQ+ priorities, DeSantis could get a boost from an Iowa Republican electorate that is unusually socially conservative. But even those plum endorsements aren't moving Iowa Republicans from the Trump camp. "Donald Trump is a lap ahead of the field," says former Iowa Republican Party co-chairman David Oman, a former chief of staff to two GOP Iowa governors and a prominent Haley supporter. The morning after an anticipated Trump win in the Iowa caucuses, a trial starts in New York to determine a second set of damages in a defamation case brought by writer E. Jean Carroll. And while the GOP winner is all but assured in Iowa, the state has still played a key role in the primary process.

Persons: Donald Trump, Trump, Jimmy, Kim Reynolds, Matt Gorman, Ron DeSantis, Gorman, Nikki Haley, Vivek Ramaswamy –, Grassley, GOP Sen, Chuck Grassley, Chris Christie, packers Asa Hutchinson, Ryan Binkley, DeSantis, Reynolds, Bob Vander Plaats, Haley, David Oman, Jimmy Carter, hasn't, Ramaswamy, Des Moines, Steffen Schmidt, –, E, Jean Carroll, Joe Biden, Biden, Kamala Harris, MAGA, Harris, Schmidt, Mike Pence, Sen, Tim Scott of Organizations: Hawkeye, Republican, Jimmy Centers, Iowa Gov, Cornerstone, Florida Gov, Iowa Republicans, Donald Trump View, Trump, Iowa Republican, United Nations, GOP, Former New Jersey Gov, packers, Iowa Republican Party, Iowa, Iowa's Democratic, Fox News, Iowa State University, District of Columbia, Capitol, Republican Party, Monday, Emanuel AME Church, Democratic Locations: Iowa, DeSantis, New Hampshire, Arkansas, Georgia, Des, Florida, District, New York, Trump, Charleston , South Carolina, South Carolina, Tim Scott of South Carolina

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