Morgan Stanley CEO options to move down within just the 12 months, sparking Wall Road succession race

Important Points

Morgan Stanley main James Gorman claimed Friday he ideas to resign as the bank’s CEO inside of the year, setting off a succession race at 1 of Wall Street’s leading firms.
The bank’s board has narrowed its CEO search to 3 “very powerful” interior candidates, Gorman claimed.
He will choose on the govt chairman job “for a period of time” immediately after stepping down as CEO.

Source

Imposter scams cost older adults 0 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s

Finance

Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s

August 8, 2025

Key Points Americans age 60 and older are reporting being victims of imposter scams in increasing numbers, according to the Federal Trade Commission. They sometimes lose all the savings held in a bank account or 401(k), the agency said. There are ways to avoid getting scammed. Source

Finance

Stocks making the biggest moves after hours: Sweetgreen, Block, Expedia, Pinterest and more

August 7, 2025

Check out the companies making headlines after the bell : Expedia Group — The travel booking website’s shares skyrocketed more than 15% in extended trading after the company’s second-quarter earnings and revenue beat expectations. Expedia also raised guidance for bookings and revenue for the full year. Block — Shares of the Cash App parent gained […]

Finance

Trump to nominate economic advisor Stephen Miran to be new Fed governor, replacing Kugler

August 7, 2025

watch now VIDEO1:2701:27 President Trump preparing to nominate CEA Chair Stephen Miran to Fed board Power Lunch President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday. The nominee will serve out […]