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May 2, 2021

Morgan Stanley

Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

CNBC
CNBC – For more and to sign up click here Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I......

Robinhood deepens ties with JPMorgan by using bank for money transfers ahead of expected IPO

CNBC
CNBC – For more and to sign up click here Avishek Das | LightRocket | Getty Images Robinhood, the free-trading app that helped drive a surge in retail investing during the pandemic, has switched to using JPMorgan Chase to handle crucial money transfers into customers’ accounts. The start-up emailed customers......

Deutsche Bank reports its best quarterly profit since the first quarter of 2014

CNBC
CNBC – For more and to sign up click here A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment......

Digital bank Current triples valuation in five months to $2.2 billion after Andreessen takes stake

CNBC
CNBC – For more and to sign up click here Digital bank Current app and credit card Source: Current Current, a digital banking start-up that has gained momentum during the pandemic, has tripled its valuation to $2.2 billion just five months after its previous fundraising round, CNBC has learned. The......

More wealthy investors are going to cash, but millionaire bears are still in the minority

CNBC
CNBC – For more and to sign up click here The decline in Netflix shares after weak subscriber growth sent a chill through the market about a bull run for stay-at-home stocks that may have reached its peak and there is more pain to come in pandemic winners like Zoom......

Novogratz: Dogecoin, bitcoin are both rallying but these cryptocurrencies are quite different

CNBC
CNBC – For more and to sign up click here Longtime cryptocurrency bull Mike Novogratz stressed Tuesday that bitcoin and dogecoin, while both have staged strong rallies this year, are very different in design and in their risk profiles. Bitcoin was launched in 2009 and it’s grown in fits and......

Morgan Stanley had $911 million in first-quarter losses tied to Archegos fund meltdown

CNBC
CNBC – For more and to sign up click here Bill Hwang in 2012 Emile Warnsteker | Bloomberg | Getty Images Morgan Stanley posted blockbuster results for the first quarter, but a single prime brokerage client cost the firm nearly $1 billion. In its earnings results, Morgan Stanley said Friday......

Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

CNBC
CNBC – For more and to sign up click here James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report first-quarter earnings before......

BlackRock’s Larry Fink says institutional clients fascinated by crypto but not that interested

CNBC
CNBC – For more and to sign up click here BlackRock CEO Larry Fink told CNBC on Thursday that the world’s largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies. “Our broad-based client relationships, we’ve had very little interconnectivity......

Coinbase climbs 7% in premarket trading after landmark Nasdaq debut

CNBC
CNBC – For more and to sign up click here Coinbase employees spray champagne during the company’s initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares surged in premarket trading on Thursday, a......

Bitcoin has allowed a different kind of investor to build wealth, says crypto strategist

CNBC
CNBC – For more and to sign up click here Longtime crypto bull Meltem Demirors said Tuesday that bitcoin‘s ascent has built wealth for a different kind of investor. The comments on CNBC’s “Squawk Box” came one day before a major milestone for the crypto world is scheduled to take......

Earning season is about to get underway and that could be a positive catalyst for stocks

CNBC
CNBC – For more and to sign up click here A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected......

SoftBank invests $500 million in digital mortgage lender Better.com

CNBC Real Estate
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market......

California billionaire’s real estate firm to begin allowing tenants to pay rent in bitcoin

CNBC Real Estate
Billionaire Rick Caruso’s eponymous real estate company is jumping into the world of cryptocurrency, announcing Wednesday it will begin accepting bitcoin as rent payment at its residential and retail properties. The privately held firm said it also has invested a portion of its corporate treasury in bitcoin and entered into......

Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals

CNBC
CNBC – For more and to sign up click here The night before the Archegos Capital story burst into public view late last month, the fund’s biggest prime broker quietly unloaded some of its risky positions to hedge funds, people with knowledge of the trades told CNBC. Morgan Stanley sold......

Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high

CNBC
CNBC – For more and to sign up click here In 2021, bitcoin and ether have seen huge rallies. In April 2021, the cryptocurrency market topped $2 trillion in value for the first time. Jaap Arriens | NurPhoto | Getty Images GUANGZHOU, China — The value of the cryptocurrency market......

Stocks making the biggest moves in the premarket: Tesla, GameStop, Roblox & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla delivered nearly 185,000 vehicles during the first quarter, a record for the company and more than 10,000 about consensus forecasts. The stock jumped 7.6%......

Morgan Stanley and Goldman Sachs’ roles in volatility of ViacomCBS raises questions

CNBC
CNBC – For more and to sign up click here Morgan Stanley and Goldman Sachs, two of the firms at the center of the Archegos Capital Management unwinding, played a variety of roles before, during and after the margin call. That is raising questions about whether the firms should have......

Senate Banking Committee Chair Brown urges regulators to take a ‘closer look’ at Archegos meltdown

CNBC
CNBC – For more and to sign up click here Sen. Sherrod Brown (D-OH) takes a call at the US Capitol on March 06, 2021 in Washington, DC. Tasos Katopodis | Getty Images Sen. Sherrod Brown, the Democratic chairman of the powerful Senate Banking Committee, is setting his sights on......

Coursera begins trading at $39 per share, stock pops 18%

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes Coursera, (NYSE: COUR), today, Wednesday, March 31, 2021, in celebration of its Initial Public Offering. To honor the occasion, Coursera Founders Andrew Ng and Daphne Koller and Coursera CEO Jeff Maggioncalda virtually ring The......

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