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Investing
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. Outgoing Chief Executive James…
Meta doubled profits in September quarter as turnaround effort continues
Meta again exceeded Wall Street’s expectations on Wednesday when it reported earnings for the quarter ended in September, in another sign that…
Truist raising $1.75B in bond offering, making it the latest bank to raise capital
Truist Financial Corp. is pricing a $1.75 billion bond offering with strong demand on Wednesday, a source in the bond market told MarketWatch. Truist Financial TFC…
United Auto Workers union and Ford reach tentative labor agreement
Ford and the United Auto Workers union reached a tentative labor deal, according to the union. It is an important first step in ending the…
Facebook says Middle East war is hurting ad spending
Shares of Meta Platforms Inc. were giving back their gains in Wednesday’s extended session after the Facebook parent company easily topped earnings…
Mobile billboard at Columbia University shows names and faces of students allegedly linked to anti-Israel statement
A mobile billboard truck drove outside the entrance of Columbia University on Wednesday displaying the names and faces of students that a…
Ari Emanuel’s Endeavor is considering the sale of its famed talent agency, WME
Endeavor Group Holdings, led by the high-power agent to the stars, Ari Emanuel, said that it is considering a sale of some of its assets,…
Mattel reports spike in sales thanks to Barbie and Hot Wheels
Mattel is still riding Barbie’s pink blockbuster wave.
The toy manufacturer reported a 9% rise in its net sales to $1.92 billion…