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Morgan Stanley is reportedly getting ready to offer clients exposure to bitcoin with a new trading product
Morgan Stanley is diving deeper into the world of cryptocurrencies and is planning to offer trading of a new product tied to bitcoin, according to a Bloomberg News report.
Writing to clients Friday, Morgan Stanley said its new negative outlook which accompanies the downgrade to Baa3 from Baa2 — one notch above a junk rating — means "there is still enough time to execute," but comes with a glaring warning: "we just wish we knew the plan."
Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola’s game-changing $5.1 billion deal for Costa Coffee
Coca-Cola on Friday announced a shock deal to buy coffee chain Costa from its parent company Whitbread in a deal valued at just shy of $5.1 billion (£3.9 billion).
Of course, there’s still plenty standing between Waymo and fare collection. Human drivers are regularly taking over for the computer, The Information reported this week, and the beta program has received numerous complaints from those in its suburban Phoenix test zone.
Tesla's stock price has whipsawed in the two weeks since Musk first tweeted his plan to take Tesla private at $420 a share. After initially skyrocketing to $389 —near record highs — shares briefly fell back below $300 on Monday following a slew of securities fraud lawsuits and an SEC investigation.
Another Wall Street bank has dropped coverage of Tesla — and it could be a sign Elon Musk is making progress in taking the company private
Goldman Sachs previously dropped coverage last week and said it was "acting as a financial advisor in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for the stock."
Morgan Stanley looked at the data for over 6,000 individual hospitals and said that 18% of these were either at risk of potential closure or weak. Analysts broke down the key factors that are putting these hospitals at risk.
Elsewhere on the Street Waymo is valued anywhere from $119 billion by Mark Mahaney of RBC Capital Markets to $135 billion by Eric Sheridan of UBS. Morgan Stanley's is the highest to date.
CEO departures can wipe out billions from a company’s value — here are the Wall Street banks most at risk
Jamie Dimon was appointed CEO of JPMorgan in 2005. Since that time he has navigated the bank through the financial crisis and presided over a stock-price increase of 193%.
Andrew Peel spent 12 years at Credit Suisse and is a self-declared was a "subject matter expert for bitcoin and cryptocurrency.