• DIS
• MS

Morgan Stanley board names CEO Ted Pick its chair

Morgan Stanley names CEO Ted Pick as chair, succeeding James Gorman, who will join Disney's board. The decision consolidates roles, promoting swift decision-making amidst concerns of power concentration.

• GS
• JPM
• MS

US equity funds draw big inflows on bank earnings, rate cut hopes

U.S. investors boosted equity funds by $20.08 billion, driven by strong bank earnings and Federal Reserve rate cut hopes, despite a drop in money market funds.

• C
• GS
• HSBC
• JPM
• MS
• SAN
• SMFG
• UBSG
• WFC

OpenAI secures $4 billion credit line after big funding round

• COIN
• GS
• JPM
• MS

US securities regulator's top cop to leave agency

Gurbir Grewal, SEC enforcement director, is leaving after three years of intensified scrutiny on Wall Street and crypto firms, resulting in significant penalties and enforcement actions.

• MS

Morgan Stanley's private equity arm explores sale of HVAC firm Sila, sources say

• DHER
• JPM
• MS

Delivery Hero Said To Tap JPM, Morgan Stanley For Talabat IPO - Bloomberg

Delivery Hero seeks JPMorgan and Morgan Stanley's assistance for Talabat's IPO, aiming to expand in the growing Middle Eastern food delivery market.

• AMZN
• CLSK
• GOOGL
• MS
• MSFT

AI's race for US energy butts up against bitcoin mining

U.S. tech companies are competing with bitcoin miners for energy resources, as rapid AI growth increases electricity demand, impacting miners' operations and causing strategic shifts in the industry.

• AMZN
• BB
• BLK
• C
• CHK
• CRM
• CSCO
• DIS
• EBAY
• EL
• ENB
• FDX
• GOOGL
• IBM
• INTC
• LCID
• LEVI
• LMT
• M
• MS
• MSFT
• NKE
• NVAX
• PLL
• PYPL
• SPR
• TRP
• TSLA
• UPS
• W
• WMT

Factbox-Layoffs pile up in US, Canada as companies uncertain of economy

In 2024, major companies in the US and Canada continue job cuts amid economic uncertainty, with significant layoffs announced across various industries including technology, automakers, and media.