Browsing: Morgan Stanley

MENA Newswire, NEW YORK: The six largest U.S. banks trimmed their combined workforce by about 10,600 positions in 2025, the biggest annual net reduction on Wall Street since 2016, according to year-end headcount totals reported by the firms. The decline

MENA Newswire, NEW YORK: U.S. stocks rebounded Thursday as a renewed rally in semiconductor shares helped lift major indexes, while smaller companies continued to outperform in a broadening advance. Traders pointed to a surge in chip-related names after Taiwan Semiconductor

The U.S. stock market has experienced significant volatility during the early months of President Donald Trump’s second term, recording one of the weakest openings to a presidency in modern history. Since his inauguration in January 2025, the S&P 500 has

Goldman Sachs has significantly increased its holdings in cryptocurrency exchange-traded funds (ETFs), accumulating over $2 billion in Bitcoin and Ethereum ETF shares, according to recent U.S. Securities and Exchange Commission (SEC) filings. The investment banking giant now holds approximately $1.3

MENA Newswire News Desk: Chipmaker Qualcomm has approached its struggling rival Intel about a possible takeover in recent days, according to sources familiar with the matter. The potential deal, which remains far from certain, has yet to result in a

As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank of America, and Citigroup have resorted to job cuts. Specifically, Morgan Stanley is planning to

JPMorgan Chase & Co.’s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain “sticky.” Several Federal Reserve officials said more rate increases were on the