Ben Shelton's public plea for his sister to get some extra time off from her job at investment bank Morgan Stanley so she could remain at Wimbledon to cheer for him has worked.

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year.

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year.

U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies.

Asian shares are trading mostly lower after a decline overnight on Wall Street.

Goldman Sachs’ profits jumped 51% from a year earlier, the investment bank said Tuesday, helped by the strong returns in the overall market in the last three months of the year.

A Japanese High Court has rejected an appeal by a former brokerage manager alleging on-the-job harassment and unlawful dismissal after he took parental leave at Mitsubishi UFJ Morgan Stanley.

Four big banks reported noticeable declines in their first quarter profits on Thursday, as the volatile markets and war in Ukraine caused dealmaking to dry up and a slowdown in the housing market caused the mortgage market to slow.

Investment bank Morgan Stanley says its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business.

The serenity of surfing is the ultimate contrast to where Dan Narlock was on September 11, 2001.

Recently freed from regulators’ coronavirus restrictions, the largest U.S. banks have announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card.

Will the Biden administration succeed in enacting a much higher federal minimum wage — and should it? The fate of Biden’s minimum wage proposal remains hazy. Yet by more than doubling the federal minimum wage over a few years, Biden’s plan would enter uncharted territory. As for Biden’s minimum wage proposal, it is up against the Senate’s “budget reconciliation” rules, which will likely govern the president's rescue aid package. But they are supposed to be limited to budgetary matters and likely don’t apply to a minimum wage increase.

Gambling companies in the U.S. are increasingly bringing different forms of gambling together, including sports betting, casino gambling, internet gambling and daily fantasy sports, and partnering with media companies as they seek to increase revenue. (AP Photo/Wayne Parry)ATLANTIC CITY, N.J. – The many different types of gambling are quickly coming together with each other and with media outlets — and Wall Street is taking notice. Casino gambling, internet gambling, sports betting and daily fantasy sports are no longer separate silos with unique audiences: Gambling companies are increasingly combining them and partnering with media companies to expand the reach of gambling. Morgan Stanley sees a $15 billion sports betting and internet gambling market by 2025, and Macquarie Research says that same market could be $30 billion by 2030. Morgan Stanley said sports betting and internet gambling revenue reached $3.1 billion in the U.S. last year, well outpacing its forecast of $2 billion.

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the markets upward swing and investors jubilation for tech stocks and IPOs late last year. (AP Photo/Mark Lennihan, File)CHARLOTTE, N.C. – Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year. Like its primary competitor Goldman Sachs, who also saw a massive profit increase, Morgan Stanley saw a surge of revenue in its core investment banking and trading operations. Morgan Stanley has a large business taking companies public, and several large tech firms went public in the last three months of the year.

Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)TOKYO – Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. On Wall Street, the S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The hope on Wall Street is that such stimulus will help carry the economy until later this year, when more widespread COVID-19 vaccinations get daily life closer to normal. The S&P 500 rose 52.94 points to 3,851.85.

NEW YORK – Morgan Stanley will buy the investment management firm Eaton Vance in a deal valued at about $7 billion. Eaton Vance shareholders will receive $28.25 per share in cash and 0.5833 of Morgan Stanley common stock, or approximately $56.50 per share. Based on the $56.50 per share, the amount paid to Eaton Vance shareholders will consist of about 50% cash and 50% Morgan Stanley common stock. Eaton Vance shareholders will also receive a one-time special cash dividend of $4.25 per share to be paid before the transaction's closing by Eaton Vance to its shareholders from existing balance sheet resources. Shares of Eaton Vance Corp. spiked 47% at the opening bell Morgan Stanley rose slightly.