Articles

: Morgan Stanley names Ted Pick its next CEO

Morgan Stanley said late Wednesday that Co-President Edward "Ted" Pick will become its Chief Executive, effective Jan. 1.

Key Words: ‘We’re not in Kansas anymore’: Why the 60/40 portfolio might be dead, and what to do now 

"Set it and forget it" made some retirement savers rich for decades — but it won’t anymore. 

Market Extra: Japanese yen sinks to weakest level against the dollar in a year as key BoJ meeting looms

The U.S. dollar touched its highest level against the Japanese yen in a year on Wednesday as rising Treasury yields helped push the greenback higher.

: Biogen and Eisai release new Alzheimer’s drug data that may support wider uptake

Eisai plans to apply for FDA approval of subcutaneous Leqembi by early next year.

Earnings Results: Consumers are cutting back on dental visits, and that’s hammering this stock

People are cutting back on dental and orthodontic visits, and that's weighing heavily on shares of Align Technology Inc. in Wednesday's extended session.

: Endeavor looking for ‘strategic alternatives’ as stock jumps more than 12%

The sports and entertainment company said it was looking for "strategic alternatives" for itself as investors are not valuing it correctly.

Market Extra: Treasury bonds are coming off a ‘lost decade’, but investors bold enough to buy can expect strong returns ahead

A historic selloff Treasury-market selloff has drawn billions of dollars into popular bond funds as investors have jumped at the opportunity to lock in the highest yields in more than 15 years. Turns out, there's good reason to be bullish.

Help My Career: Work, commute, sleep, repeat — this 21-year-old TikToker is ‘so upset’ with the reality of a 9-to-5 job

The video got nearly 15,000 comments, some from users who agreed it’s past time to ditch the 40-hour workweek. ‘It’s beyond outdated.’

: Google’s stock sheds market cap the size of Nike in one of Wall Street’s five worst drops ever

The selloff in Alphabet shares Wednesday resulted in the fifth-largest one-day decline in market value for any U.S. company on record.

Market Extra: The Nasdaq just fell into a correction. Now what?

The Nasdaq Composite Index on Wednesday has seen its 70th correction in history, according to Dow Jones Market Data.

: Mattel’s stock drops 7% despite toy maker’s Barbie ‘phenomenon’

A Barbie boost was not enough for Mattel stock on Wednesday.

The Ratings Game: IBM’s stock rises after earnings beat, company says AI adoption is growing

IBM's stock was rising 2% in the extended session Wednesday after the company notched a large profit beat and called out growing adoption of its AI offerings.
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