In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Morgan Stanley chief James Gorman said Friday he plans to resign as CEO within the year, setting off a succession race atop one of Wall Street’s dominant firms. The bank’s board has narrowed its CEO search to three “very strong” internal candidates, Gorman told shareholders
Month: May 2023
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In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT This film image released by Universal Pictures shows Mark Wahlberg, left with the character Ted, voiced by Seth MacFarlane in a scene from “Ted.” (AP Photo/Universal Pictures) Photo Credit: Universal Pictures/Tippett Studio After spending years amassing streaming subscribers at great cost, media companies now need
The investor behind a top 10 global ETF sees a bearish trend in the Big Tech rally. Anna Paglia, who oversees the tech-heavy Invesco QQQ Trust, sees signs investors are starting to take a defensive approach to the group. “If you look at the flows that are flattish year to date, that indicates there’s really
Marc Debnam | Getty Images Weddings are expensive, and not just for the bride and groom. As more couples choose to go all out on their nuptials, the average guest will spend $611 on travel and accommodations, gifts and special-occasion attire and preparation this year, according to a recent report by Bankrate.com. Wedding gifts alone
A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images More grocery purchases. Fewer ambitious do-it-yourself projects. And last-minute splurges at the store. This week, some of the biggest retailers in the country reported earnings and described how their customers are shopping. As Home Depot, Target and
Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won’t have to be as high to control inflation. Speaking at a monetary conference in Washington, D.C., the central bank leader noted that Fed initiatives used to deal with problems at mid-sized banks have mostly halted worst-case
In this article CDI-FR MC-FR Follow your favorite stocksCREATE FREE ACCOUNT Luxury giant LVMH Moët Hennessy Louis Vuitton, more commonly known as LVMH, has grown into a $500 billion powerhouse conglomerate of 75 distinguished brands, or “maisons,” rooted in six different sectors — with no plans to slow down. The company recorded revenue of 79.2
More than 4 million new college graduates will head out into the world this month, but it could be years before they pay their own own way. Most people feel like a grownup by the time they’re 18 — and certainly once they have a college degree — but many young adults do not become
In this article JBLU AAL Follow your favorite stocksCREATE FREE ACCOUNT An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The Justice Department has won a lawsuit to undo American Airlines‘ partnership with JetBlue
In this article DIS FL BE Follow your favorite stocksCREATE FREE ACCOUNT Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday. Bloom Energy — The clean energy stock jumped 5.1% following
Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBC The V-12 engine is dead. Long live the V-12. In the coming years, supercar companies like Lamborghini, Bentley and Rolls-Royce have all announced phase-outs of their V-12 engines as they roll into the age of hybrid and electric vehicles. In the meantime, they’re launching 12-cylinder
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