Updated Oct. 26, 2023 4:40 pm ET Amazon.com said profit tripled to nearly $10 billion from July to September as strong sales in its cloud-computing, advertising and retail units helped the company…
Tag: WSJ-PRO-WSJ.com
Ted Pick Is a Math Whiz Among Math Whizzes. He’s the New Morgan Stanley CEO
Oct. 26, 2023 12:48 pm ET A group of Morgan Stanley executives attending a post-workday dinner in London were ready to call it a night. Ted Pick wanted to play a game….
What Will the Economy Do for an Encore?
Oct. 26, 2023 11:09 am ET A lot of investors are familiar with Stein’s law, named after the late economist Herbert Stein: “If something cannot go on forever, it will stop.” Which…
Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?
Oct. 26, 2023 11:41 am ET Buying into a Chinese automaker sounds like a great answer to the challenge of making cheaper electric vehicles. If only it were easier to pick winners….
X’s Tumultuous First Year Under Elon Musk, in Charts
Listen to article (2 minutes) When Elon Musk acquired Twitter a year ago, he pledged to turn the social-media platform into an “everything app” that would eclipse what the long-struggling business had…
Ukraine Hangover Makes European Banks Look Rougher than They Are
European investment banks don’t tend to fare well when compared with their more profitable U.S. peers. But the war in Ukraine makes some comparisons unfair. Investors have been disappointed with the third-quarter…
With Interest Rates Up, Get Ready for Financial Drama
Interest rates have soared. Can financial blowups be far behind? Maybe, but often it isn’t that simple. The yield on 10-year Treasury notes topped 5% this week for the first time since…
Meta’s New Year of Efficiency Won’t Look Like the Old One
A social-network company serving nearly half the world’s population should be pretty efficient at giving everyone something they want. But that was a particularly tall order for Meta Platforms in its most…
X’s Tumultuous First Year Under Elon Musk, in Charts
Listen to article (2 minutes) When Elon Musk acquired Twitter a year ago, he pledged to turn the social-media platform into an “everything app” that would eclipse what the long-struggling business had…
Morgan Stanley Names Ted Pick as Next Chief Executive
Updated Oct. 25, 2023 6:16 pm ET Morgan Stanley named Ted Pick as its next chief executive to replace longtime CEO James Gorman, ushering in a new era for the Wall Street…