#Morgan Stanley CEO James Gorman making ‘modest’ job cuts

#Morgan Stanley CEO James Gorman making ‘modest’ job cuts

“Morgan Stanley CEO James Gorman making ‘modest’ job cuts” Morgan Stanley is making modest job cuts across the globe, Chief Executive James Gorman said, as Wall Street comes under pressure with dealmaking slowing down. “Some people are going to be let go,” Gorman said at the Reuters NEXT conference, without specifying numbers. “We’re making some modest cuts all over…

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#BlockFi files for bankruptcy as FTX contagion spreads

#BlockFi files for bankruptcy as FTX contagion spreads

“BlockFi files for bankruptcy as FTX contagion spreads” Prominent cryptocurrency lending platform BlockFi filed for bankruptcy on Monday as the contagion effect from FTX’s collapse spreads through the sector, company officials said. The company’s bankruptcy filing stated it has more than 100,000 creditors, along with estimated assets and liabilities of between $1 billion and $10…

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#An Adams’ Thanksgiving featuring the eye of a sheep

#An Adams’ Thanksgiving featuring the eye of a sheep

“An Adams’ Thanksgiving featuring the eye of a sheep” Giving thanks everywhere One Thanksgiving in the Negev’s earliest days, a tribal dinner was laid on in Israel for my husband Joey — president of the actors union AGVA (American Guild of Variety Artists) whom JFK sent to help raise bonds for the then-infant country. We…

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#Chip stocks slide as Samsung, AMD expect big drop in demand

#Chip stocks slide as Samsung, AMD expect big drop in demand

“Chip stocks slide as Samsung, AMD expect big drop in demand” Dire forecasts from Samsung Electronics and Advanced Micro Devices sent chip-related shares lower on Friday, sparking fears that a slump in demand for semiconductors could be much worse than expected. AMD, Nvidia, Intel, Qualcomm and Micron Technology were down between 2.9% and 14%, weighing on smaller peers…

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#Why Wall Street has soured on Mark Zuckerberg, Facebook

#Why Wall Street has soured on Mark Zuckerberg, Facebook

“Why Wall Street has soured on Mark Zuckerberg, Facebook” Wall Street analysts are bearish on Facebook’s parent company Meta as the social network continues to hemorrhage users migrating to upstart rival TikTok. “I’m not sure there’s a core business that works anymore at Facebook,” Needham analyst Laura Martin told CNBC on Friday. While Facebook maintains…

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