Morgan Stanley tops estimates on stronger-than-expected trading and investment banking

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley said second-quarter profit and revenue topped analysts’ estimates on...

Microsoft’s hiring of staff from AI startup Inflection referred for UK merger probe

Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesLONDON — Microsoft’s hiring of certain former employees from...

Bank of America shares jump 4% after saying net interest income rebound is coming

Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees.Here’s what the company reported:Earnings: 83 cents a share vs. 80 cents a share LSEG estimateRevenue: $25.54 billion vs....

Many Americans think they’re insulated from climate change. Their finances indicate otherwise

A delivery driver takes a break in the shade during high temperatures in Philadelphia on June 21, 2024.Joseph Lamberti/Bloomberg via Getty ImagesMany Americans think they’re insulated from the effects of global warming. But climate change is already having...

Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Bank of America and more

Check out the companies making headlines before the bell. Morgan Stanley — The bank stock fell more than 2% in premarket trading even after the firm’s second-quarter results beat Wall Street estimates thanks to strong performance in trading and investment...