Morgan Stanley shares jump 8% after massive beat on fourth-quarter profit
CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.
CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.
U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019.
U.S. stock indexes hit record highs on Thursday, with the S&P 500 crossing the 3,300 mark for the first time, as upbeat earnings from Morgan Stanley and a tech rally added to optimism from an initial U.S.-China trade deal.
Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government's attempts to roll back supportive policies, a report showed on Thursday.
European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses.
The S&P 500 crossed 3,300 for the first time and the Dow and the Nasdaq opened at new highs on Thursday, after the United States and China signed an initial trade deal and Morgan Stanley wrapped up big bank earnings on a strong note.
Volkswagen needs to accelerate the overhaul of its business to avoid becoming another Nokia , which lost its dominance in the handset market to Apple , the German carmaker's chief executive said.
Oil rose on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but the gains were capped after the International 7Energy Agency said it expected oil production to outpace demand.
Southwest Airlines Co said on Thursday it would extend cancellations of 737 MAX flights through June 6, as the grounding of the Boeing Co jet threatens to hurt a second straight U.S. summer travel season.
CEO James Gorman said that Morgan Stanley posted record profit and revenue in 2019 and met all of the bank's performance targets.
World stocks remained near record highs on Thursday, after the United States and China signed the first phase of an agreement to end their 18-month trade war.
Chinese state media on Thursday warned against any "nitpicking" as Beijing portrayed the Phase 1 trade deal with United States and its new commitments to massive purchases of American goods as a boon for China's economy.
Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV.
Oil prices rose on Thursday buoyed by the long-anticipated signing of an initial Sino-U.S. trade deal that sets the stage for a jump in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected.
Tesla Inc's overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.