Morgan Stanley News

ST. PETERSBURG, RUSSIA—For years, President Vladimir Putin used an annual economic conference here to champion Russia’s economic appeal to the world.

Some of the highest-profile investors in crypto believe that a crypto market bottom is fast approaching and the timing is right to buy — although one still warns of catastrophic outcomes should prices fall below established support levels. 

Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world's largest digital token tumbled as much as 15% to $23,336 — its lowest since December 2020. Other cryptocurrencies also declined as a broader sell-off continued. The MVIS CryptoCompare Digital Assets 100 Index, which measures 100 of the top tokens, dropped as much as 15%. And the total market value, which topped $3 trillion in November, was $1.02 trillion as of 9:48 a.m. New York time on Monday, according to CoinGecko. «The fundamentals to support stabilization and recovery just aren't there,» said Steven McClurg, co-founder and CIO at crypto fund manager Valkyrie Investments. «Things can and likely will get worse before they get better.»

Coinbase has become the latest tech company to halt its breakneck hiring spree of the last few years, and is now rescinding job offers handed to people from some of Wall Street’s biggest financial firms.

Bitcoin tumbles to an 18-month low as US inflation impact spreads

Coinbase has become the latest tech company to halt its breakneck hiring spree of the last few years, and is now rescinding job offers handed to people from some of Wall Street’s biggest financial firms.

US digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (Fed) Board of Governors and the Federal Reserve Bank of Kansas City, accusing the two institutions of“unlawfully” delaying its application for a master account with the Fed for 19 months.

Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick.

U.S. stock futures were flat Wednesday night as economic concerns dragged down investor sentiment.

In this article

Despite running the bank for more than a decade, Morgan Stanley boss James Gorman says he won't be stepping down any time soon.

Despite running the bank for more than a decade, Morgan Stanley boss James Gorman says he won't be stepping down any time soon.

Despite running the bank for more than a decade, Morgan Stanley boss James Gorman says he won't be stepping down any time soon.

In this article

J Derek Penn is one of Wall Street’s veteran traders. He also happens to be one of the first few Black traders that managed to clinch a job ‘on the street’ and make his way through the financial crisis, and round the trading floors of Morgan Stanley and Lehman Brothers. Two years on from George Floyd’s murder, excerpts from his book, Diary of a Black Man on Wall Street, reflect how his fight for success ended up representing a battle on behalf of Black people

J Derek Penn is one of Wall Street’s veteran traders. He also happens to be one of the first few Black traders that managed to clinch a job ‘on the street’ and make his way through the financial crisis, and round the trading floors of Morgan Stanley and Lehman Brothers. Two years on from George Floyd’s murder, excerpts from his book, Diary of a Black Man on Wall Street, reflect how his fight for success ended up representing a battle on behalf of Black people

BEIJING — China's economy won't be snapping back quickly from the latest Covid outbreak, many economists predict.

Take a look at some of the biggest movers in the premarket:

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Sales of non-fungible tokens (NFTs) have plunged by more than 54% over the past week as the crypto market dropped sharply.

A study shows that 90% of surveyed central banks worldwide are exploring the future issuance of central bank digital currencies (CBDCs). Blockchain.News interviewed industry experts to find out the outlook of Hong Kong’s digital currency and its potential adoption.