Morgan Stanley was stuck with billions of dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter Inc. It took one election and a billionaire bromance to flip the script.
Michael Grimes, a technology banker with Morgan Stanley , is in talks to leave the bank for a position in U.S. President Donald Trump's administration, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.
Morgan Stanley eyes crypto expansion under Trump, collaborates with regulators on digital asset adoption and institutional services.
Stocks advanced, Treasury yields fell and crypto was volatile on Tuesday as market participants reacted to the slew of executive orders issued on the first day of Donald Trump’s second term as president.
Major U.S. banks Morgan Stanley and Bank of America are exploring cryptocurrency service offerings while awaiting regulatory clarity, marking a shift in traditional banking's approach to digital assets.
With Trump set to implement at least 100 executive orders on Monday, here are the areas of the market that could see moves.
High interest rates have been weighing on the stock market rally, and there may be little Donald Trump can do to remedy that issue.
ahead of Donald Trump's return to the White House. President-elect Trump's inauguration is Monday, and his first days are expected to be filled with a flurry of executive orders. "Reports suggest 100 or more," wrote Morgan Stanley analysts in a report.
“While dollar bulls are numerous and perhaps most vocal in expressing their views, there seems to be a more ‘silent’ plurality of investors looking to sell the dollar instead,” strategists including David Adams wrote in a note. “Many have dry powder and are waiting for a sign to enter shorts.”
Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s 2022 Twitter buyout.
The CEO of top American bank Morgan Stanley said that he is open to working with regulators so that the firm can offer crypto services.
We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Astera Labs, Inc.