Microsoft Chief Executive Satya Nadella said the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday.
U.S. stock indexes were set to open slightly lower on Thursday as a spike in the number of coronavirus cases outside China raised concerns about the global impact of the epidemic, while E*Trade Financial soared on a buyout offer from Morgan Stanley.
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
Office-sharing startup WeWork on Thursday named Shyam Gidumal, a former Ernst & Young executive, as its new chief operating officer in the first major executive appointment under new head Sandeep Mathrani.
L Brands Inc said on Thursday it will sell a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as it focuses on its core Bath & Body Works brand.
Many families assume they won't qualify for financial aid and don't even bother to apply. In fact, there is no income cutoff for eligibility.
Morgan Stanley, the tony investment bank for rich Americans and corporations, is making a play for the masses.
While presidential candidate Michael Bloomberg said in Wednesday night's Democratic debate that his tax return is probably thousands of pages long, most taxpayers don't have complicated returns — and they also often can file for free.
"How did this get to be, that if you're wealthy and you're a Democrat, it's just bad news?" CNBC's Jim Cramer said following the Democratic debate in Nevada.
As the White House considers different tax proposals, one idea that's floating around creates a tax incentive to encourage families to invest in stocks. Making this proposal a reality may be easier said than done.
Gold is trading at a 7-year high as investors pile into safety trades amid ongoing fears over the impact of the coronavirus outbreak.
Morgan Stanley CEO James Gorman told CNBC the origins of the deal date back to 2002.
The company reported an adjusted profit of $2.12 per share. Analysts polled by Refinitiv expected earnings of $1.03 per share.
Morgan Stanley CEO James Gorman said he has been interested in E-Trade for 20 years, but Goldman decided against pursuing a deal for the brokerage.
U.S. stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact.