Marie Yovanovitch, former U.S. Ambassador to Ukraine, arrives back from a break in the House Intelligence Committee hearing on the impeachment inquiry of President Trump in Longworth Building on Friday, November 15, 2019. Tom Williams| CQ-Roll Call | Getty Images Ukraine authorities announced investigations Thursday into whether former U.S. ambassador […]
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Morgan Stanley shares jump 6% after massive beat on fourth-quarter profit
Morgan Stanley shares popped Thursday after the firm exceeded analysts’ profit estimates and each of its three main businesses produced more revenue than expected. The bank said fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue […]
WeWork’s leasing activity plunged 93% in the fourth quarter after failed IPO attempt
After pulling its much-hyped IPO late last year and raising emergency funding from SoftBank, WeWork’s leasing activity in the fourth quarter slowed to a crawl. The company signed only four leases covering 184,022 square feet of space in the last three months of 2019, marking a 93% drop from an […]
Morgan Stanley shares jump after massive beat on fourth-quarter profit
Morgan Stanley shares popped after the firm exceeded analysts’s profit estimates and each of its three main businesses produced more revenue than expected. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue […]
Stocks making the biggest moves premarket: Morgan Stanley, Southwest, Tesla, Netflix & more
Check out the companies making headlines before the bell: Morgan Stanley (MS) – The investment bank reported quarterly earnings of $1.30 per share, beating the consensus estimate of 99 cents a share. The $1.30 including a 10 cent discrete tax benefit. Revenue was well above Wall Street forecasts, with firmwide […]
‘Urgent’ need for businesses to adapt to growing threat from climate change, McKinsey says
As the climate crisis intensifies, and as the wide-ranging economic impacts are felt up and down supply chains across continents, leaders from companies, governments and financial institutions cannot ignore the mounting economic risks, a report from McKinsey published Thursday says. “Much as thinking about information systems and cyber-risks has become […]
What’s Putin up to? Here’s what Russia’s political upheaval could mean
A screen in the media room broadcasts Vladimir Putin, Russia’s president, speaking during his annual state of the nation address in Moscow, Russia, on Wednesday, Jan. 15, 2020. Bloomberg Russia saw extreme political upheaval on Wednesday with constitutional reforms announced by President Vladimir Putin leading to the resignation of government. […]
The EU is backing taxi app Bolt to help it compete with Uber
Bolt CEO Markus Villig Bolt Bolt, the European challenger to ride-hailing giant Uber, has secured 50 million euros ($56 million) in debt financing from the lending arm of the EU. The European Investment Bank, or EIB, has invested in Bolt through a venture loan, which is used as an alternative […]
Europe has fallen down the US’ list of priorities, Germany’s Merkel says
German Chancellor Angela Merkel (L) and US President Donald Trump speak during a bilateral meeting in Biarritz, south-west France on August 26, 2019, on the third day of the annual G7 Summit. NICHOLAS KAMM | AFP | Getty Images The United States has slowly lost interest in Europe as other […]
Donald Trump vs. Greta Thunberg: Davos prepares for climate crisis showdown
Swedish environmental activist Greta Thunberg watches as U.S. President Donald Trump enters the United Nations to speak with reporters in a still image from video taken in New York City, U.S. September 23, 2019. REUTERS | Andrew Hofstetter | File Photo President Donald Trump and Swedish climate activist Greta Thunberg […]