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Reuters BusinessJul 18, 2018
Amazon.com's stock market value hits $900 billion, threatens Apple
Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.

Google Business NewsJul 18, 2018
Amazon and CEO Jeff Bezos have beat out Walmart to become a symbol for everything wrong with American big ... - Business Insider

Business Insider


Amazon has been bombarded by negative press, with calls for boycott flooding social media on Prime Day, the company's biggest shopping day of the year. Amid backlash over the treatment and pay of Amazon's workers, CEO and founder Jeff Bezos becameĀ ...
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Amazon and its CEO Jeff Bezos have beat out Walmart to become a symbol for everything wrong with American big ... - Business Insider (Google Business News)

MarketWatch MarketPulseJul 18, 2018
Morgan Stanley's trouble managing wealth and investments was offset by strong brokerage business
Morgan Stanley handily beat second-quarter earnings and revenue expectations as its brokerage business was booming, but where the bank had a little trouble was with its money management businesses. Wealth management revenue rose to $4.33 billion from $4.15 billion in the same period a year ago, but missed the FactSet consensus of $4.48 billion, while investment management revenue growth to $691 million from $665 million shy of expectations of $707.9 million. Within wealth management, transactional revenue fell to $691 million from $766 million, amid lower fixed income revenue and lower gains on investments associated with certain employee deferred compensation plans, while compensation expense increased to $2.4 billion from $2.3 billion. Within investment management, asset management revenue rose to $610 million from $539 million, but investment revenue fell to $55 million from $125 million. Meanwhile, revenue in institutional securities, which includes equities and fixed income sales and trading, rose to $5.71 billion from $4.76 billion, well above the FactSet consensus of $4.60 billion. The stock, which surged 2.6% in premarket trade, has lost 7.7% over the past three months while the S&P 500 has gained 3.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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