News that James Gorman is planning to step down as CEO of Morgan Stanley has focused attention on the lack of female CEOs at America’s biggest banks. Speaking at Morgan Stanley’s annual shareholder meeting Friday, Gorman said he plans to step down sometime in the next 12 months. Morgan Stanley’s…
Shares of American Airlines Group Inc. and JetBlue Airways Corp. dropped late Friday after a U.S. judge sided with the Justice Department in a lawsuit aimed at undoing the airlines’ joint venture in airports in the Boston and the New York City areas. In separate statements, both JetBlue JBLU, -1.80%…
Hi, MarketWatchers. Don’t miss these top stories.Most Americans aren’t happy with how much income tax they paid this year Tax fairness and tax burdens are front-and-center, as a fight over the soon-to-be-expiring Trump tax cuts looms. Kia and Hyundai settlement: See if you qualify for part of the $200 million…
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The radio came blaring on when I started my car, the voice of a politician hitting me in the face as I settled in. His message amounted to “Default is a bargaining point. We’re not going to get all the way there, but we need it on the table to…
Take-Two Interactive Software Inc. soared Thursday after the videogame publisher hinted that fresh blockbuster titles like “Grand Theft Auto VI” will arrive in 2024 or early 2025. Take-Two TTWO, -1.58% shares finished up 11.7% at $139.63, after surging as much as 13% to an intraday high of $141.47, a price…
The stock market, as measured by the S&P 500 Index SPX, -0.16%, has continued to remain in a narrow range since early April. That trading range is bounded by 4050 on the downside and 4200 on the upside. In the past two weeks, SPX has traded in an even tighter…
The Group of Seven kicks off the G-7 summit on Friday as leaders from several nations meet to discuss global issues as well as the economics and finances of their own nations. Here is everything to know about this week’s G-7 meeting:When is the G-7 summit? This year’s G-7 summit…
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Advisers to the U.S. Food and Drug Administration voted Thursday in favor of Pfizer’s PFE, +0.47% respiratory syncytial virus vaccine for pregnant people, following extensive debate about its safety. FDA advisory-committee votes are not binding, but the agency often follows their recommendations. If the FDA ultimately approves the vaccine, called…