Thursday, July 29

Morgan Stanley

Business Visual Features, Early internet, Features, Internet, Morgan Stanley, Tech Insider

From clip art to Comic Sans: These screenshots from 25 years ago show just how much the internet has changed

A report from Morgan Stanley analysts in 1996 predicted the prevalence of the internet. It said a person of intermediate web literacy was anyone who simply knew their own email address. From clip art to Comic Sans, screenshots show how different the internet looks 25 years later. See more stories on Insider's business page. Morgan Stanley tech analysts Mary Meeker and Chris DePuy knew the world was on the cusp of something big in 1996. They drafted a 323-page report expressing their high hopes for the internet, saying it could be "one of the hottest new markets to develop in years."Looking back on the repo...
Bitcoin, crypto, cryptocurrency, Goldman Sachs, goldman sachs bitcoin, Markets, MI Exclusive, Morgan Stanley, Morgan Stanley bitcoin, Ralph Hamers, UBS, UBS Evidence Lab, UBS Financial Services

UBS CEO says crypto is an untested asset class and he isn’t worried about missing out on clients

Ralph Hamers, CEO of UBS, gestures during in Zurich, Switzerland, Thursday, Feb. 20, 2020. Walter Bieri/Keystone via AP Ralph Hamers, the CEO of Swiss Bank UBS Group, said when it comes to cryptocurrencies, he advises his clients with caution. "We feel that crypto itself is still an untested asset category," the chief executive told Bloomberg on Tuesday. "We don't offer it actively."In May, UBS was reportedly in talks to offer cryptocurrency investments to its wealthy clients, joining many firms in responding to increasing client demand for digital assets.But any offering, sources told Bloomberg, would only be in small portions of their total investment to protect them from cryptocurrencies' famous price swings. "Clients are looking at different alternatives and they hear ...
Earnings, earnings 2021, Finance, Markets, MI Exclusive, Morgan Stanley, Morgan Stanley Stock, stock market, stock market 2021, Trading

Morgan Stanley’s fixed-income sales and trading miss overshadows 2nd-quarter earnings beat

Chairman and CEO of Morgan Stanley James P. Gorman participates in a panel discussion at the New York Times 2015 DealBook Conference at the Whitney Museum of American Art on November 3, 2015 in New York City. Neilson Barnard/Getty Images Morgan Stanley posted second quarter earnings that beat analyst expectations in revenue and net income, as its wealth management business began to see the impact of its recent acquisitions of E-Trade and Eaton Vance. But a miss in Morgan Stanley's fixed income and trading business helped add to a pre-market stock decline of about 2% in early Thursday trading.Overall revenue growth of 8% was driven by growth in all of its business units, including institutional securities, wealth management, and investment management services.Here are the key numb...
garp, Market Outlook, Markets, MI Exclusive, Morgan Stanley, rolling correction, S&P500, Stock Market Correction, Stock Market Outlook

Stocks are in a’rolling correction’ despite hitting new highs as the market cycle hits its midpoint, Morgan Stanley says

Angela Weiss/AFP via Getty Images Major US stock indexes are in a "rolling correction" despite notching a series of new highs, as the market cycle transitions to its midpoint, Morgan Stanley analysts said. As investors rotate away from higher risk names and as market breadth declines, major indexes will remain vulnerable, analysts led by equity strategist Michael Wilson said in the note. "Under the surface, financial markets have taken on a much more defensive posture," the note said.So far, Morgan Stanley has taken a less optimistic view of the markets compared to other banks. The analysts said that they fully expect the transition and subsequent corrections to be complete by the end of this year. "It's common for the market to rotate away from early cycle winners toward...
Economic Data, Economy, Ellen Zentner, Labor Market, labor shortage, Markets, Morgan Stanley, Pay Growth, US Labor Market, Wage Growth, Wages, worker shortage

One chart shows the 10 industries poised to pay you a higher salary soon, and the 10 that probably won’t, according to Morgan Stanley

The labor shortage is uneven, leaving some industries more likely to raise wages than others. The hotel, restaurants, and leisure sector is most likely to raise pay, Morgan Stanley said Monday. Independent power and renewable electricity businesses are the least likely to hike wages, the bank added. LoadingSomething is loading. ...