Mike Wilson, a well-known short seller of U.S. stocks on Wall Street, chief investment officer and U.S. stock strategist at Morgan Stanley, said that with the fluctuation of U.S. bond yields, U.S. stocks will be volatile at the end of the year after rising in November. In his latest report, he pointed out that both … Read more
The S&P 500 entered so-called “bull territory” last week after rising more than 20 percent since bottoming out last October, but leading Wall Street strategists are divided on the future direction, reports Bloomberg. The Goldman Sachs strategists, led by David Kostin, now believe that the broader US index will stand at 4,500 at the end … Read more
This week the annual Worldwide Developers Conference gets underway in California, where it is expected that the technology giant Apple will introduce the market to a number of new products in its portfolio. Among the expectations of new electronic dubbing gadgets and new software among existing products, it is also predicted that Apple will show … Read more
pte20230504004 Company/economy, trade/services Slump in IPOs, debt securities and mergers forces Wall Street to cut jobs significantly Morgan Stanley: Institute has to cut many jobs (Photo: unsplash.com, Sven Piper) New York (pte004/04.05.2023/06:15) – The sharp drop in IPOs, debt securities and mergers is forcing major Wall Street banking institutions to make significant job cuts. After … Read more
HSBC, Europe’s largest bank, is facing renewed pressure from its biggest shareholder, Ping An, a Chinese insurer, to restructure its business by spinning off its Asia business. However, despite the noise, Morgan Stanley remains bullish and is calling HSBC its “top pick” in the sector. According to the bank’s analysts, led by Nick Lord, HSBC’s … Read more
The S&P 500 rose slightly on Wednesday, as Wall Street closely monitored the latest round of corporate earnings reports. Investors remained cautiously optimistic as major companies continued to release quarterly figures, with some showing signs of a strong recovery from the pandemic. This live update article provides real-time coverage of the market movements and highlights … Read more
NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more
Main economy Tuesday, February 28, 2023 – 2:18 pm Sanaa Mustafa Morgan Stanley announced the disappearance of expectations for the Federal Reserve to cut interest rates this year, Stanley attributed this to a group of economic data announced in recent weeks. The American Investment Bank also expects that the first US rate cut will take … Read more