Key Points
- Morgan Stanley is likely to benefit from its Wall Street-centric business model.
- The bank’s massive wealth management business will be helped by high stock market values, which inflates the management fees the bank collects.
Morgan Stanley to report second-quarter earnings
Finance
Stocks making the biggest moves midday: Coinbase, UnitedHealth, Dick’s Sporting Goods, Boot Barn and more
Check out the companies making headlines in midday trading. Walmart — Shares of the big-box retailer dropped 1% after Walmart fell slightly short of first-quarter sales expectations and management warned that consumers could see higher prices caused by tariffs. Walmart reported revenue of $165.61 billion, while the consensus forecast was $165.84 billion, per LSEG. The retailer earned 61 […]
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Finance
Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges
Key Points Fed Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,” the central bank […]
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Finance
Stocks making the biggest moves premarket: Walmart, Dick’s Sporting Goods, UnitedHealth, Alibaba and more
Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus […]
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