News

Morgan Stanley beats estimates on record wealth management revenue

Under CEO James Gorman, Morgan Stanley's reliance on wealth management has helped its steady earnings and boosted its valuation relative to peers.

Twitter laid off most of its workers in Africa last year. They say they've been ignored and left without severance

Former Twitter employees in Ghana have been left without severance and have not heard from the company for three months, sources told CNBC.

Is Biden's $39 billion student loan forgiveness action legal? 'Be assured it's going to stay,' says expert

The White House announced $39 billion of debt forgiveness for student loan borrowers Friday. The move would likely withstand legal scrutiny, said experts.

Stocks making the biggest moves premarket: Bank of America, Pinterest, Masimo & more

These are the stocks posting the largest moves premarket.

Bank of America tops analysts’ expectations amid higher interest rates

While analysts expected Bank of America to be one of the top beneficiaries of rising interest rates, it hasn't played out that way.

Henry Kissinger meets with China's defense minister in Beijing

Henry Kissinger, a former U.S. secretary of State, met with China's defense minister, Li Shangfu, in Beijing on Tuesday, the ministry said in a statement.

Warren Buffett's Berkshire Hathaway cuts Activision stake as Microsoft deal inches closer

Berkshire Hathaway dumped a significant portion of its stake in Activision as Microsoft's deal to buy the video game company edged closer to the finishing line.

Stocks making the biggest moves midday: Ford, AT&T, Yelp, Figs and more

These are the stocks posting the largest moves midday.

As student loan payments restart, can employers be a firewall for borrowers? Some groups hope so

Few employers offer student loan benefits. Some groups hope that will change after the Supreme Court's forgiveness ruling and as monthly payments resume.

Stocks making the biggest premarket moves: Activision Blizzard, Chewy, Yelp, Tesla and more

These are the stocks posting the largest moves in the premarket.

Ripple says U.S. banks will want to use XRP cryptocurrency after partial victory in SEC fight

Ripple is confident U.S. banks will want to use its XRP cryptocurrency for cross-border transactions after a judge gave it a partial victory over the SEC.

ETFs can still compete in 'stock picker's' market, investor says

"A lot of money is moving into active ETFs, because it provides the benefits that you have from active management," Avantis Investors' CIO says.
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