Tag: Wall Street

Boeing's shares drop, worst trading day since 2001
January 25, 2017 BY Valentina Kirilova

Boeing beats on earnings, S&P 500 futures hit record high

U.S. stocks looked set for a higher open on Wednesday, with the Dow set to take a shot at 20,000, following a raft of strong quarterly earnings and optimism around President Donald Trump's pro-growth policies, Reuters reported. The Trump rally had driven Wall Street to a series of record highs since November. The S&P 500…

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December 01, 2015 BY Maria Nikolova

Morgan Stanley to fire a quarter of its FX traders

Poor financial performance is taking its toll on Wall Street investment bank Morgan Stanley (NYSE:MS). As per LeapRate's earlier report, the bank posted a set of disappointing financial metrics for the third quarter of 2015, including a 42% decrease in fixed-income trading revenues. The poor trading results will cost hundreds of jobs at Morgan Stanley, with…

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