Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Citi downgraded Morgan Stanley to neutral from buy on Thursday, saying the stock is "fairly valued."
Morgan Stanley posted better-than-expected first-quarter results Wednesday thanks to the growth in wealth management and fixed-income trading, sending its shares 2.6% higher. Citi thinks that after the earnings boost, Morgan Stanley's stock is in line with its target and has little room to grow.
"Though we believe MS has very high quality franchises and has the potential to continue to gain market share, we'd rather be on the sidelines in the near-term," Citi analyst Keith Horowitz said in a note.
Shares of Morgan Stanley are up 22% year to date, trading at $48.26 at Wednesday's close, slightly above Citi's 12-month price target of $48. The stock was down about 0.5% in Thursday morning trading.
Citi ramped up earnings estimates for Morgan Stanley after its solid performance in the first quarter. The 2019 EPS forecast went up 30 cents to $5.05, and $5.55 for 2020.
"Strong 1Q19 results were driven by FICC and expense management," Horowitz said. "Global Wealth Management beat expectations and [management] reiterated guidance for mid-single [net interest income] digit growth in 2019, in contrast to others in the peer group which has generally tempered NII expectations during this earnings season. "