DIRS.INFO The most relevant business & tech news

☆ 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

☆ Banks’ wealth-management heyday may have passed
▼ + stars: | 2023-10-18 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

For wealth managers, that will make revenue growth much harder to come by, shifting the focus to controlling expenses. LOSING ITS SPARKLEIn Wall Street parlance, wealth management is a capital-light business. Little wonder Morgan Stanley boss James Gorman focused on wealth management after taking charge in 2010. The good news for UBS and Morgan Stanley is that they are better placed than most to handle these pressures. The bank’s wealth-management business generated a 35% ROTE, while the division that houses investment banking and trading managed just 8%.

Persons: UBS –, Morgan Stanley’s, Morgan Stanley, James Gorman, Sergio Ermotti, Goldman Sachs, Italy’s, Iqbal Khan, Morgan Stanley’s Andy Saperstein, Peter Thal Larsen, Sharon Lam, Oliver Taslic Organizations: Reuters, Wealth, UBS, Credit Suisse, HSBC, HK, Lloyds Banking Group, Revenue, Treasury, Big, Thomson Locations: Swiss, United States, Americas, Switzerland, Britain’s St, James’s

☆ We're lowering our price target on Morgan Stanley as shares tumble on earnings results
▼ + stars: | 2023-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Morgan Stanley (MS) reported better-than-expected third-quarter results Wednesday, even as investor disappointment over its wealth management business and the prolonged slump in investment banking weighed heavily on shares — prompting us to lower our price target on the Club holding. Bottom line Morgan Stanley shares plummeted by 6.6% Wednesday, to hit a new 52-week low of roughly $75 apiece. Wealth management revenues increased about 5% on an annual basis, but fell short of analysts' forecasts. Morgan Stanley management has previously said it would be misguided to extrapolate one quarter's results on net new assets to the next. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.

Persons: Morgan Stanley, it's, they've, James Gorman, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Club, Revenue, LSEG, Wall, Wealth, Federal Reserve, Equity, Capital, CNBC, Santiago, Getty Locations: IPOs, New York City

We are buying 75 shares of Morgan Stanley (MS), at roughly $73.79 apiece. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,475 shares of MS, increasing its weighting in the portfolio to 3.87% from 3.68%. Shares of Morgan Stanley were down roughly 8% in midday trading Wednesday — hitting a new 52-week low — after the bank reported mixed third-quarter results before the opening bell. Morgan Stanley management has a target of adding $1 trillion in net new assets every three years. And with $235 billion in net new assets over three quarters, Morgan Stanley is still on track to reach its goal.

Persons: Morgan Stanley, Jim Cramer's, Morgan Stanley's, –, they've, James Gorman, Jim Cramer, Jim Organizations: Federal Reserve, CNBC, Getty

☆ Morgan Stanley beats estimates on trading, but shares dip as wealth management disappoints
▼ + stars: | 2023-10-18 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Morgan Stanley CEO James Gorman attends the Reuters NEXT Newsmaker event in New York, December 1, 2022. Morgan Stanley posted third-quarter results Wednesday that topped profit estimates on better-than-expected trading revenue. But the bank's all-important wealth management division generated $6.4 billion in revenue, below the $6.63 billion estimate by more than $200 million, as compensation costs in the division rose. Shares of Morgan Stanley dipped 3.2% in premarket trading. Led by CEO James Gorman since 2010, Morgan Stanley has managed to avoid the turbulence afflicting some rivals lately.

Persons: Morgan Stanley, James Gorman, Morgan Stanley's, Goldman Sachs, Gorman, Wells Organizations: Reuters, Revenue, Investment, Citigroup, JPMorgan Chase, Bank of America Locations: New York, LSEG, Wells Fargo

☆ Britney Spears memoir says she had abortion while dating Justin Timberlake
▼ + stars: | 2023-10-17 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Britney Spears poses at the premiere of "Once Upon a Time In Hollywood" in Los Angeles, California, U.S., July 22, 2019. I always expected us to have a family together one day," Spears wrote. Had it been her decision alone, Spears wrote, "I never would have done it. Spears' highly anticipated memoir comes nearly two years after she was released from a 13-year court-ordered conservatorship set up and controlled by her father, Jamie Spears. The memoir's title apparently was taken from a line in the book in which Spears wrote, "The woman in me was pushed down for a long time.

Persons: Britney Spears, Mario Anzuoni, Justin Timberlake, Spears, “, Justin, ”, Timberlake, Mickey, Kevin Federline, Sam Asghari, Asghari, conservatorship, Jamie Spears, Simon, Schuster, Steve Gorman, Rod Nickel Organizations: REUTERS, Reuters, Mickey Mouse, Books, Thomson Locations: Los Angeles , California, U.S, Los Angeles

☆ This Morgan Stanley veteran is ready to be CEO — it just might be somewhere else
▼ + stars: | 2023-10-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

Morgan Stanley CEO James Gorman plans to retire by May 2024. "Cross-pollinating key leaders across our major businesses further knits the Morgan Stanley culture," Gorman wrote in a memo at the time. Morgan Stanley, which was the lead underwriter, had to step in to prop up the stock. In 2010, Morgan Stanley was picked as one of two lead underwriters — the other being JPMorgan — for the IPO of General Motors. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, He's, Simkowitz, Eaton Vance, Pick, Morgan, Getty, Dan, doesn't, Gorman, Morgan Stanley's, Saperstein, executive's protégé, Andy, Alex, Brown, Ted, she'd, Simkowitz's, Dean Witter Reynolds, Eaton, Calvert, Ruth Porat, Bob Scully, Fannie Mae, Freddie Mac, Will Dotson, Dan Akerson, TIMOTHY A, CLARY, Erik Gordon, Dodd, Frank, David Bieri, Gonzalo Marroquin, Patrick McMullan, Paul Taubman, Colm Kelleher, coheads, John Mack, Phil Purcell, Hayley Cuccinello Organizations: Disney, Harvard, McKinsey, Columbia Business School, Maccabiah Games, Team USA, Maccabi USA, Trenton Almgren, Davis, Lucent, Verizon, Mesa West Capital, JPMorgan, Calvert Research, Management, Facebook, Massachusetts Securities Division, Treasury, JPMorgan —, General Motors, Government Motors, General, New York Stock Exchange, Getty, University of Michigan's Ross School of Business, Citigroup, Virginia Tech, US Securities and Exchange Commission, United States Attorney's Office, Southern, of Locations: Bloomington , Indiana, Trenton, New York, Tokyo and Hong Kong, Boston, Washington, Switzerland, of New York, hcuccinello@insider.com

Oct 13 (Reuters) - A union coalition for Kaiser Permanente healthcare workers reached a tentative labor deal with the hospital system on Friday that included across-the-board wage increases after 75,000 members took part in a three-day strike last week. The strike was the largest recorded among medical workers and included nurses, medical technicians and support staff at hundreds of Kaiser hospitals and clinics from California to Virginia. "I’m heartened to see healthcare workers and their employers take this critical step towards securing the pay, benefits, and working conditions these heroes deserve," President Joe Biden said in a statement. The Kaiser union coalition had threatened to strike again for a week starting Nov. 1. The union had said Kaiser would need to hire 10,000 new healthcare workers to fill current vacancies.

Persons: Julie Su, Biden, Joe Biden, Kaiser, Su, Manas Mishra, Leroy Leo, Steve Gorman, Arun Koyyur, Shinjini, Maju Samuel, Jonathan Oatis Organizations: Kaiser Permanente, Labor, Tenet Healthcare, District of Columbia, Writers Guild of America, United Auto Workers, Detroit, Thomson Locations: California, Virginia, San Francisco Bay, Bengaluru, Los Angeles

☆ Kaiser Permanente, union reach tentative agreement after biggest healthcare strike
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

"We are excited to have reached a tentative agreement with the frontline health care workers of the @UnionCoalition this morning," Kaiser Permanente said on social media platform X. Kaiser Permanente and its coalition of healthcare workers unions did not immediately respond to requests for details on the agreement. The unions had said Kaiser outsourcing healthcare duties to third-party vendors and subcontactors also was a major sticking point in talks that have dragged on for six months. Company and union spokespersons had said on Thursday the two sides met in person late in the day at a San Francisco Bay-area hotel. "We are thankful for the instrumental involvement of Acting U.S. Labor Secretary," Kaiser said on X.

Persons: Kaiser, Kaiser Permanente, subcontactors, Julie Su, Manas Mishra, Leroy Leo, Steve Gorman, Shounak Dasgupta, Sriraj Organizations: Kaiser Permanente, Labor, U.S, Unions, U.S . Bureau of Labor Statistics, Thomson Locations: U.S, San Francisco Bay, Bengaluru, Los Angeles

☆ Palestinians face Israeli deadline to leave northern Gaza
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +6 min

Israel has since put the Hamas-run Gaza Strip, home to 2.3 million Palestinians, under a total siege and bombarded it with unprecedented air strikes. More than one million residents of northern Gaza on Friday received 24 hours notice from Israel to flee south before an expected ground offensive. While several thousand residents headed south on Friday from northern Gaza, many others said they would stay. "Death is better than leaving," said Mohammad, 20, outside a building smashed by an Israeli air strike near the centre of Gaza. There have also been fears of hostilities spreading, including to Israel's northern border with Lebanon, where clashes this week have already been the deadliest since 2006.

Persons: JERUSALEM, Benjamin Netanyahu, Israel, Joe Biden, Daniel Hagari, Netanyahu, Mohammad, General Antonio Guterres, Biden, Ahmed Zakot, Stephane Dujarric, Martin Griffiths, Mahmoud Abbas, Antony Blinken, Lloyd Austin, Yoav Gallant, Austin, Gallant, Blinken, King Abdullah, Abbas, videographer Issam Abdallah, U.N, Gilad Erdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, James Mackenzie, Michelle Nichols, Emma Farge, Jeff Mason, Eric Beech, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Jonathan Landay, Cynthia Osterman Organizations: West Bank, Hamas, U.S, United Nations, REUTERS, Palestinian Authority, Gaza . U.S . Defence, Friday, Israeli, Bank, Reuters, Thomson Locations: Northern Gaza, Israel, Gaza, Philadelphia, Egypt, Jordan, Gaza City, Gaza . U.S, Qatar, U.S, Lebanon, Jerusalem, New York, Geneva, Washington, Amman, Los Angeles

[1/4] Members of the New York City Police Department (NYPD) Counterterrorism unit patrol in Times Square, as the city takes security precautions ahead of planned demonstrations, in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsOct 13 (Reuters) - U.S. law enforcement agencies have escalated security measures to safeguard Jewish and Muslim communities ahead of global pro-Palestinian protests expected on Friday but urged members of the public to go about their daily routines. Adams said extra police patrols were being deployed in Jewish and Muslim communities alike. TIMES SQUARE PROTEST EXPECTEDNew York City officials said they were bracing for at least one major demonstration planned for Times Square on Friday. He said the FBI, U.S. homeland security officials and other federal authorities had held online security "webinars" with Jewish institutions around the country.

Persons: Brendan McDermid, Kathy Hochul, Eric Adams, Adams, Khaled Meshaal, John Chell, Hochul, Abed Ayoub, Rabbi Yoni Fein, Fein, Dan Whitcomb, Steve Gorman, Kanishka Singh, Lincoln Organizations: New York City Police Department, NYPD, Counterterrorism, REUTERS, Police, New, . New, . New York City, Hamas, Times, New York Police Department, New York National Guard, Los Angeles Police Department, FBI, Palestinian, ICE, Twitter, Maimonides Academy, Thomson Locations: New York City, U.S, New York, Los Angeles, . New York, Jewish, Gaza, Israel, United States, Fort Lauderdale , Florida, Washington

☆ NASA launches spacecraft to explore metal-rich asteroid Psyche
▼ + stars: | 2023-10-13 | by ( Steve Gorman | ) www.reuters.com time to read: +5 min

The spacecraft, roughly the size of a small van, is due to reach the asteroid in August 2029. Asteroid Psyche measures roughly 173 miles (279 km) across at its widest point and resides on the outer fringes of the main asteroid belt between the planets Mars and Jupiter. After reaching the asteroid, the spacecraft would then orbit it for 26 months, scanning Psyche with instruments built to measure its gravity, magnetic proprieties and composition. 'OUTER SPACE TO EXPLORE INNER SPACE'[1/4]A SpaceX Falcon Heavy rocket lifts off carrying a NASA spacecraft to investigate the Psyche asteroid from the Kennedy Space Center in Cape Canaveral, Florida, U.S., October 13, 2023. It also marks the first dedicated NASA launch on a Falcon Heavy rocket furnished by Elon Musk's SpaceX company, and the first interplanetary mission flown by the Falcon Heavy.

Persons: Lindy Elkins, Tanton, Lucy, Steve Gorman, Will Dunham Organizations: NASA, SpaceX, NASA's Kennedy Space Center, Jet Propulsion Laboratory, JPL, Kennedy Space Center, Arizona State University, Elon Musk's SpaceX, Thomson Locations: Florida, NASA's, Cape Canaveral, Los Angeles, Cape Canaveral , Florida, U.S

[1/4] Members of the New York City Police Department (NYPD) Counterterrorism unit patrol in Times Square, as the city takes security precautions ahead of planned demonstrations, in New York City, U.S., October 12, 2023. Adams said extra police patrols were being deployed in Jewish and Muslim communities alike. Former Hamas chief Khaled Meshaal called for protests across the Muslim world on Friday in support of Palestinians. TIMES SQUARE PROTEST EXPECTEDNew York City officials said they were bracing for at least one major demonstration planned for Times Square on Friday. He said the FBI, Department of Homeland Security and other federal authorities had held online security sessions with Jewish institutions around the country.

Persons: Brendan McDermid, Kathy Hochul, Eric Adams, Adams, Khaled Meshaal, John Chell, Hochul, Montgomery, Abed Ayoub, Rabbi Yoni Fein, Fein, Biden, John Kirby, Kirby, Dan Whitcomb, Steve Gorman, Kanishka Singh, Patricia Zengerle, Brendan O'Brien, Lincoln, Jonathan Oatis, Alistair Bell Organizations: New York City Police Department, NYPD, Counterterrorism, REUTERS, Police, New, . New, . New York City, Hamas, Times, New York Police Department, National Guard, Los Angeles Police Department, Tourists, Facebook, Jewish Community Relations, Greater, The Jewish Federation of, U.S . Park Police, Montgomery Blair High, FBI, Palestinian, ICE, Maimonides Academy, Department of Homeland Security, CNN, Thomson Locations: New York City, U.S, New York, Los Angeles, . New York, Jewish, Gaza, Israel, Washington, American, Greater Washington, The Jewish Federation of Greater Washington, Four Corners , Maryland, United States, Fort Lauderdale , Florida

☆ Palestinians Face Israeli Deadline to Leave Northern Gaza
▼ + stars: | 2023-10-13 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +6 min

JERUSALEM (Reuters) - More than 1 million Palestinians in northern Gaza faced an Israeli deadline on Saturday to flee south, and Prime Minister Benjamin Netanyahu said Israel had only just begun to retaliate for last week's Hamas rampage across southern Israel. Israel has since put the Hamas-run Gaza Strip, home to 2.3 million Palestinians, under a total siege and bombarded it with unprecedented air strikes. More than one million residents of northern Gaza on Friday received 24 hours notice from Israel to flee south before an expected ground offensive. While several thousand residents headed south on Friday from northern Gaza, many others said they would stay. There have also been fears of hostilities spreading, including to Israel's northern border with Lebanon, where clashes this week have already been the deadliest since 2006.

Persons: Benjamin Netanyahu, Israel, Joe Biden, Daniel Hagari, Netanyahu, Mohammad, General Antonio Guterres, Biden, U.N, Stephane Dujarric, Martin Griffiths, Mahmoud Abbas, Antony Blinken, Lloyd Austin, Yoav Gallant, Austin, Gallant, Blinken, King Abdullah, Abbas, videographer Issam Abdallah, Gilad Erdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, James Mackenzie, Michelle Nichols, Emma Farge, Jeff Mason, Eric Beech, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Jonathan Landay, Cynthia Osterman Organizations: Hamas, U.S, United Nations, Palestinian Authority, Gaza . U.S . Defence, Friday, Israeli, Bank, West Bank, Reuters Locations: JERUSALEM, Gaza, Israel, Philadelphia, Egypt, Jordan, Gaza . U.S, Qatar, U.S, Lebanon, Jerusalem, New York, Geneva, Washington, Amman, Los Angeles

Oct 13 (Reuters) - Kaiser Permanente's frontline healthcare workers union reached a tentative deal with the company on Friday, moving toward settling a payment and staffing dispute that had sparked the largest recorded strike in the U.S. medical sector. The strike by 75,000 workers last week had put Kaiser at the forefront of a growing labor unrest in the healthcare industry, including among employees of pharmacies and other hospital chains like Tenet Healthcare (THC.N). "What they've achieved here in Oakland (San Francisco Bay Area) is great news for frontline workers, for Kaiser and the patients in their collective care," Su said. Spokespersons for Kaiser Permanente and its coalition of healthcare workers unions said they would provide further details on the agreement later in the day. Kaiser is one of the largest U.S. medical employers with 24,000 doctors, 68,000 nurses, 213,000 technicians, clerical workers and administrative staff.

Persons: Kaiser, Julie Su, Su, Kaiser Permanente, Manas Mishra, Leroy Leo, Steve Gorman, Shounak Dasgupta, Sriraj Kalluvila, Arun Koyyur Organizations: Tenet Healthcare, Labor, Kaiser Permanente, District of Columbia, United Auto Workers, Detroit, U.S . Bureau of Labor Statistics, Thomson Locations: U.S, San Francisco Bay, Oakland, Bengaluru, Los Angeles

Summary LATEST DEVELOPMENTS:"Civilians of Gaza City, evacuate south for your own safety...and distance yourself from Hamas terrorists who are using you as human shields," Israeli military says. The Israeli military said it would operate "significantly" in Gaza City in coming days and civilians should only return when advised. "Civilians of Gaza City, evacuate south for your own safety and the safety of your families and distance yourself from Hamas terrorists who are using you as human shields," the military said. "Hamas terrorists are hiding in Gaza City inside tunnels underneath houses and inside buildings populated with innocent Gazan civilians." [1/16]Palestinians flee their homes amid Israeli strikes, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza City, October 13, 2023.

Persons: Yoav Gallant, Gilad Erdan, Israel, Cross, Fabrizio Carboni, Antony Blinken, Mohammed Salem, Blinken, Jordan's King Abdullah, Mahmoud Abbas, Hassan Nassrallah, Lloyd Austin, Austin, Benjamin Netanyahu, Mount Herzl, Khan Younis, Ibrahim Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Michelle Nichols, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Michael Perry, Michael Georgy, Philippa Fletcher, Howard Goller, Diane Craft, Nick Macfie Organizations: Hamas, United Nations, Shifa, International Committee, Food Programme, ICRC, U.S, NATO, REUTERS, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, United, Police, FBI, Mount, Thomson Locations: Gaza City, Gaza, JERUSALEM, TEL AVIV, Israel, Japan, United States, Palestinian, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, Lebanon, Turkey, UAE, Turkish, U.S, Paris, Amsterdam, London, New York, Los Angeles, Jerusalem, Gazans, Geneva, Washington, Tel Aviv

Israel's military chief, Lieutenant General Herzi Halevi, said lessons would be drawn from the security failures around Gaza that enabled the attack. The U.S. military is placing no conditions on its security assistance to Israel, U.S. Defense Secretary Lloyd Austin said, adding Washington expected Israel's military to "do the right things" in prosecuting its war against Hamas. Scores of Israeli and foreign hostages were taken back to Gaza; Israel said it had identified 97 of them. [1/4]Israeli soldiers hold an Israeli flag while in a tank near Israel's border with the Gaza Strip, in southern Israel, October 12, 2023. "This war is harsh beyond imagining," said Hamdan, who has worked through repeated wars since becoming a rescuer in 2007.

Persons: Antony Blinken, Blinken, King Abdullah, Mahmoud Abbas, America's, General Herzi Halevi, Lloyd Austin, Austin, Benjamin Netanyahu, East Jerusalem's, Kan, Ronen, Israel, Cross, Fabrizio Carboni, Los Angeles, Kathy Hochul, Mount Herzl, Khan Younis, Ibrahim Hamdan, Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Nidal, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Howard Goller, Diane Craft Organizations: Israel U.S, West Bank Security, Hamas, U.S, NATO, Palestinian, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, Public, REUTERS, International Committee, United Nations, Food Programme, ICRC, New, FBI, Mount, Thomson Locations: East Jerusalem, Europe JERUSALEM, GAZA, TEL AVIV, Gaza, Israel, Jordan, U.S, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, East, East Jerusalem's Al, Aqsa, Washington, Europe, Paris, Amsterdam, London, New York, Los, Jerusalem, Geneva, Tel Aviv, Los Angeles

☆ Interest rates take center stage with banks set to report quarterly results
▼ + stars: | 2023-10-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Like other big banks, Wells Fargo and Morgan Stanley have been caught in the throes of the central bank's interest-rate-hiking campaign over the past 18 months. Wells Fargo and Morgan Stanley are down on the year amid the difficult backdrop, falling 4.3% and 8.6%, respectively. Wells Fargo is set to report third-quarter results before the opening bell on Friday, while Morgan Stanley is slated to post results next Wednesday. Out of the major U.S. banks, Wells Fargo has the largest exposure to the ailing commercial real estate market, an industry troubled by higher rates and near-record office vacancy levels. Morgan Stanley MS YTD mountain Morgan Stanley (MS) year-to-date performance For the three months ended Sept. 30, analysts expect Morgan Stanley to report revenue of $13.2 billion, up from $12.9 billion during the same period last year, according to Refinitiv.

Persons: Morgan Stanley, Jim Cramer, Wells Fargo, Wells, Charlie Scharf, Mike Santomassimo, Scharf, Jim, Morgan, –, James Gorman, we'll, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Wells, Silicon Valley Bank, Barclays, CNBC, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Wells Fargo, Silicon, Wells, U.S

☆ NASA to unveil first newly returned near-Earth asteroid sample
▼ + stars: | 2023-10-11 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

The material collected by the OSRIS-REx spacecraft three years ago from the near-Earth asteroid Bennu was to be unveiled at NASA's Johnston Space Center in Houston, a little more than two weeks after it was parachuted into the Utah desert. The landing of the return capsule capped a six-year joint mission of the U.S. space agency and the University of Arizona. It was only the third asteroid sample, and by far the biggest, ever returned to Earth for analysis, following two similar missions by Japan's space agency ending in 2010 and 2020. At the time it landed, the Bennu sample was estimated to weigh about 100 to 250 grams (3.5 to 8.8 ounces). Reporting by Steve Gorman in Los Angeles; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Keegan, REx, NASA's, Johnson, Samples, Steve Gorman, Will Dunham Organizations: NASA, Department of Defense's Utah, Space Center, University of Arizona, Utah Test, Empire, Thomson Locations: Dugway , Utah, U.S, Houston, Utah, Ryugu, Los Angeles

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. 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, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

☆ San Francisco police fatally shoot driver of car that crashed into Chinese consulate
▼ + stars: | 2023-10-10 | by ( Nathan Frandino | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, Oct 9 (Reuters) - Law enforcement officers fatally shot the driver of a vehicle that plowed through the Chinese consulate in San Francisco and into the lobby of the building's visa office on Monday, city police said. "I don't know how many people were inside the visa office at the time of the collision," San Francisco Police Department spokesperson Sergeant Kathryn Winters told reporters at a news briefing hours later. "When officers arrived here on scene, they found the vehicle had come to rest inside the lobby of the Chinese Consulate. [1/3]Law enforcement members stand on the street near the Chinese consulate, where local media has reported a vehicle may have crashed into the building, in San Francisco, California, U.S. October 9, 2023. An ABC television affiliate station in San Francisco reported its news crews observed a man covered in blood being carried away from the scene on a stretcher and rushed into an ambulance.

Persons: Kathryn Winters, " Winters, Nathan Frandino, Steve Gorman, Bernard Orr, Daniel Trotta, Michelle Nichols, Sam Holmes Organizations: FRANCISCO, San Francisco Police, Consulate, Officers, Police, U.S . State Department, REUTERS, State Department, ABC, Thomson Locations: San Francisco, San Francisco , California, U.S, Los Angeles, Beijing, Carlsbad , California, New York

☆ Kaiser healthcare unions say weeklong strike possible early next month
▼ + stars: | 2023-10-09 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

[1/2] Healthcare workers strike in front of Kaiser Permanente Los Angeles Medical Center, as more than 75,000 Kaiser Permanente healthcare workers go on strike from October 4 to 7 across the United States, in Los Angeles, California, U.S. October 4, 2023. The Coalition of Kaiser Permanente Unions said on Monday it has served the company notice that a weeklong "follow-up strike is possible" starting Nov. 1 unless the two sides come to a settlement beforehand. The company did not have an immediate response to the unions' latest strike deadline. The strike, which ran for three days, marked the largest work stoppage to date in the healthcare sector. Kaiser said it kept its hospitals and emergency departments open during the walkout, staffed by doctors, managers and "contingency workers."

Persons: Julie Su, Su, Kaiser, Steve Gorman, Sriparna Roy, Caroline Humer, Shinjini Ganguli, Matthew Lewis Organizations: Healthcare, Kaiser Permanente Los Angeles Medical Center, Permanente, REUTERS, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Union, Kaiser, District of Columbia, Thomson Locations: United States, Los Angeles , California, U.S, Kaiser, California, California , Oregon, Washington, , Colorado, Virginia, Seattle, Los Angeles, Bengaluru

☆ Men are getting rich from AI. Women, not so much.
▼ + stars: | 2023-10-07 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

New research finds that female-led AI companies are missing out on the global rush to invest in AI. AI startups founded by women in the UK raised six times less than those founded by men in the past decade. This occurs even as the number of female-founded AI companies that are launching, rises. "One of our biggest priorities is ensuring AI models are fair and unbiased," she said. "While AI is heavily male-dominated and we still see a big gender disparity at AI events in San Francisco, we're hopeful this will change as more women become involved in AI companies.

Persons: —, Alan Turing Institute's, it's, Erin Young, Rebecca Gorman, they've, OpenAI's DALL, Angela Hoover, Andi, Dr Young Organizations: Service, Data Science, Turing Institute, Funds, Amazon Locations: California, San Francisco

Ahmad Al Aliwi Alissa, suspect of the King Soopers grocery store shooting, appears in a Boulder County District courtroom at the Boulder County Justice Center in Boulder, Colorado, U.S. May 25, 2021. Still, the judge asked that Alissa remain in the custody of the state hospital where he has been confined for the past two years. Bakke agreed with prosecutors that Alissa, 24, stands a better chance of avoiding regression if he stays hospitalized than if he were returned to jail to await trial. That testimony marked the first indication of a motive for the shooting offered in the case in open court. Authorities said the murder weapon in the Boulder attack, a Ruger AR-556 pistol that resembles a semi-automatic rifle, was purchased by Alissa six days before the grocery store shooting spree.

Persons: Ahmad Al Aliwi Alissa, King, Matthew Jonas, Ingrid Bakke, Alissa, Bakke, Kathryn Herold, Loandra Torres, fidgety, Keith Coffman, Steve Gorman, Matthew Lewis, Chris Reese Organizations: Boulder County Justice Center, REUTERS, Colorado Mental Health, The Colorado Department of Human Services, Authorities, Ruger, Thomson Locations: Boulder County, Boulder, Boulder , Colorado, U.S, Colorado, Denver, Atlanta

☆ Strike by 75,000 Kaiser Permanente healthcare workers enters third day
▼ + stars: | 2023-10-06 | by ( Steve Gorman | ) www.reuters.com time to read: +6 min

Healthcare workers strike in front of Kaiser Permanente Los Angeles Medical Center, as more than 75,000 Kaiser Permanente healthcare workers go on strike from October 4 to 7 across the United States, in Los Angeles, California, U.S. October 4, 2023. Kaiser has said its hospitals and emergency departments have remained open despite the walkout, staffed by doctors, managers and "contingency workers." In any case, Lucas said the striking workers will all return to their jobs by 6 a.m. on Saturday, 72 hours after the strike began, because healthcare workers by law must give advance notice of 10 days of any intent to go on strike. However, the union on Friday warned of another strike if "Kaiser executives continue to commit unfair labor practices and bargain in bad faith." The Kaiser strike has idled more than 75,000 employees, union officials said.

Persons: Kaiser, Julie Su, Caroline Lucas, Lucas, Steve Gorman, Ahmed Aboulenein, Bhanvi, Bill Berkrot, Robert Birsel, Anil D'Silva Organizations: Kaiser Permanente Los Angeles Medical Center, Permanente, REUTERS, Kaiser Permanente, District of Columbia, Labor, Coalition, Kaiser Permanente Unions, Kaiser, Union, Unions, U.S . Bureau of Labor Statistics, Washington D.C, Thomson Locations: United States, Los Angeles , California, U.S, Kaiser, California , Oregon, Washington, , Colorado, Virginia, California, Las Vegas, California , Colorado , Oregon, Hawaii , Georgia, Los Angeles, Bengaluru

Search resuls for: "" Gorman"

25 mentions found