Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
The electric car manufacturer is offering auto insurance to its owners in California, with plans to expand to other states later on.Personal Financeread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
Blackstone's Joseph Zidle predicts the Fed will cut rates but says Wall Street won't get what it wants, and stocks could fall as much as 20%.Futures Nowread more
One of the big winners should the AT&T-Time Warner deal get done would be Morgan Stanley.
The blockbuster $85.4 billion proposed unification of the two communications heavyweights pushed the investment bank to the top of the standings this year for U.S.-targeted mergers and acquisitions activity, according to Thomson Reuters figures updated Monday.
In the largest deal of 2016, AT&T will pay $85.4 billion to acquire the media giant, should it get past significant regulatory hurdles. The deal has a total value of $108.7 billion when it includes Time Warner's net debt.
M&A had been lagging in the U.S. and globally but has gotten some juice lately. The AT&T-Time Warner deal pushes the U.S. total to $1.23 trillion, lagging 2015's total of $1.61 trillion at the same juncture.
Morgan Stanley has been in on 101 deals this year totaling $408.4 billion, lifting it from second place to first in the so-called league standings, ahead of JPMorgan Chase, which actually has done more total deals at 137 but for a value of $399.9 billion.
Morgan Stanley did not immediately respond to a request for comment. The lift in revenue did little to boost the bank's share price, which was down slightly and trailing a broader market rally Monday.
Other banks involved in the deal were JPMorgan, which moved up from third to second; Bank of America Merrill Lynch, which solidified its hold on fourth place; Citigroup, which moved from seventh to fifth; and Perella Weinberg Partners, which leaped from 32nd to 14th.
Perella Weinberg, Bank of America and JPMorgan advised AT&T, with Bank of America and JPMorgan also offering bridge financing, while Sullivan & Cromwell and Arnold & Porter provided legal advice.
Allen & Co, Citigroup and Morgan Stanley acted as financial advisors to Time Warner, while Cravath, Swaine & Moore was its legal advisor.
— Reuters contributed to this report.