In recent weeks, we've seen quite a sell-off in the stock market, with the S&P 500 index briefly entering correction territory on March 13. This downturn has some investors heading to the exits, but it also creates intriguing buying opportunities as some stocks are now trading at discounted levels.
It's not just tech and media workers—and, of course, federal government employees—who are facing job cuts this year. Layoffs have come for Wall Street, too.
MS plans to reduce its workforce by eliminating roughly 2,000 employees, except financial advisers, to boost operating efficiency.
Morgan Stanley (MS) is preparing to lay off about 2,000 employees this month to cut costs, according to a Tuesday Bloomberg report.
Morgan Stanley plans to cut between 2% and 3% of its 80,000 global employees late this month, a person familiar with the matter said on Tuesday.
The layoffs represent up to 3% of the company's workforce, excluding financial advisers.
I continue to rate Morgan Stanley Direct Lending Fund a hold due to their short track record, economic uncertainty, and lack of catalysts for the sector. MSDL's latest earnings showed a decline in net investment income and lower overall portfolio yield, but credit quality and defensive positioning remain strong. MSDL's dividend safety is slightly pressured by declining earnings, but spillover income and a share repurchase program provide a cushion for the short term.
Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.
On Friday, J.P. Morgan Asset Management closed out the week with the launch of the JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA).
J.P. Morgan analyst Bill Peterson shared key takeaways from the conference hosted for Plug Power, Inc. PLUG, with a Neutral rating.
MSDL retains its impressive portfolio quality with low non-accruals and net realized losses. MSDL trades at a 9.9% dividend yield, with a well-diversified portfolio and stable NAV. Management expects increased LBO volumes and new lending opportunities, which should support fee levels and present new lending opportunities.
CNBC's Steve Kovach reports on news from Apple.