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.

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Finance

World Bank raises China growth forecast to 4.8% despite U.S. trade tensions

October 7, 2025

Key Points The World Bank predicts China’s economy will grow by 4.8% this year. It had forecast 4% growth in April, when the U.S. briefly ramped up tariffs on Chinese imports to more than 100%. The bank projects China’s GDP growth to ease to 4.2% in 2026, partly due to a slowdown in exports growth. […]

Finance

‘Outside of AI, I’m not really excited about anything,’ Wells Fargo Chief Equity Strategist Ohsung Kwon says

October 6, 2025

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Finance

Stocks making the biggest moves midday: Critical Metals, Comerica, Advanced Micro Devices, Abercrombie & Fitch and more

October 6, 2025

Check out the companies making the biggest moves midday: Verizon Communications — The New York-based telecom provider sank nearly 4% after CEO Hans Vestberg stepped down , replaced by independent lead director and former PayPal CEO Dan Schulman. Starbucks — The global coffee chain dropped almost 4% after a late September series of North American […]