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#Morgan Stanley

Banking

Bank of America names new crypto and AI leaders

Bank of America named Sonali Theisen and Kevin Milsom to run digital-assets and AI work in markets, formalizing both as bank infrastructure.

By Naomi Voss
Earnings

Morgan Stanley Q2 earnings: equities revenue jumps 69%

Morgan Stanley Q2 earnings delivered record revenue and a 69 per cent equities-trading surge, extending Wall Street's capital-markets boom.

By Sloane Carrington
Deals

PayPal (PYPL) jumps 15% on Stripe, Advent $53bn takeover bid

PayPal shares jumped 15 per cent in premarket after Reuters reported Stripe and Advent had offered $60.50 a share, valuing it above $53bn.

By Naomi Voss
Earnings

SpaceX's IPO gives Wall Street banks an earnings tailwind

Bank earnings on July 14 may get a lift from 15 per cent market-revenue growth, stronger trading and fees tied to SpaceX's IPO.

By Naomi Voss
Markets

Hong Kong's IPO revival meets its first supply test

Hong Kong IPO lock-ups are releasing a record wave of insider shares, giving investors an early test of whether 2026 listing momentum can hold.

By Sloane Carrington
Deals

Csquare IPO seeks $1.35bn as Brookfield tests AI demand

Csquare IPO aims to raise up to $1.35 billion as Brookfield keeps control and investors test appetite for AI data-center assets.

By Naomi Voss
Commodities

OPEC+ raises August quotas as Hormuz flows recover, crude slips

OPEC+ raises August quotas by 188,000 barrels a day as Brent returns near prewar levels and Hormuz shipping improves after the Iran war.

By Reza Najjar
Commodities

Brent oil forecast: Citi sees $60 as Hormuz risk fades

Brent oil forecast turns lower as Citi says Hormuz shipping is normalizing, China demand is soft and the war premium is fading from crude.

By Reza Najjar
Deals

Jersey Mike's IPO filing tests consumer listing rebound

Jersey Mike's IPO filing shows $696 million of 2025 revenue, $59 million of net income and a Blackstone-backed debt payoff bet.

By Naomi Voss
Deals

GCash IPO targets $1.5bn in record Philippine listing

GCash IPO plans up to $1.5 billion, putting Mynt on track for the Philippines' biggest listing and testing regional fintech demand.

By Naomi Voss
Banking

Fed stress test 2026 clears big banks for higher payouts

Fed stress test 2026 results let big U.S. banks raise dividends and buybacks, giving lenders fresh leverage as capital rules are rewritten.

By Naomi Voss
Deals

SpaceX bond sale 2026: $25bn deal draws $89bn orders

SpaceX drew about $89 billion of orders for a $25 billion post-IPO bond sale, offering a first hard read on how credit investors price its AI-and-space buildout.

By Naomi Voss
Crypto

Morgan Stanley Ether and Solana ETF fees set at 0.14%

Morgan Stanley Ether and Solana ETF filings set 0.14 per cent fees and add staking, sharpening the race for institutional crypto flows.

By Caleb Mwangi
Banking

China's cheap yuan turns panda bonds into a funding rival

China panda bonds are drawing Wall Street banks and sovereign borrowers as near-2 per cent yuan funding undercuts dollar markets.

By Sloane Carrington
Analysis

Nvidia’s $25 billion bond sale shows AI’s cash king joining the borrowing spree

Nvidia raised $25bn in June, upsized from an initial $20bn, as investors piled in — a sign the AI winners are financing expansion with debt not just cash.

By Avery Lin
Commodities

China oil refiners cut output as imports plunge

China oil refiners cut output to a near four-year low after May crude imports fell 29 per cent, testing Asia's demand outlook.

By Reza Najjar
Stocks

Alphabet (GOOGL) $84.75bn AI stock raise goes live

Alphabet $84.75bn AI stock raise moved from plan to transaction, with a $40bn ATM, stock offering and Berkshire placement.

By Avery Lin
Banking

Ramp's $44B fintech multiple widens gap with public markets

Ramp's $44 billion valuation at 29-times revenue runs far ahead of public fintech peers. The Series F round signals private capital is betting AI-linked financial software belongs in a different valuation category — and the IPO window will test that thesis.

By Sloane Carrington
Deals

Quantinuum IPO raises $1.68bn in quantum market test

Quantinuum IPO raised $1.68bn at $60 a share, testing public demand for quantum hardware after AI lifted frontier-tech valuations.

By Naomi Voss
Deals

SpaceX IPO targets $75B at $135 a share, source says

SpaceX IPO terms would raise $75 billion at $135 a share, testing demand for a record listing and a $1.8 trillion valuation.

By Naomi Voss
Deals

SpaceX IPO 5% share plan shifts control fight

SpaceX IPO 5% share plan puts allocation, lock-ups and Musk's voting control at the centre of a $1.75 trillion listing.

By Sloane Carrington
Banking

AI capex is spilling into Wall Street's credit plumbing

Hyperscaler debt is forcing banks to buy more CDS protection as AI borrowing stretches credit limits and redraws Wall Street's risk plumbing.

By Sloane Carrington
Banking

Private credit defaults hit 6% as loan trading accelerates

Private credit defaults hit 6.0 per cent in April as higher Treasury yields, wider spreads and a busier loan market expose weaker lenders.

By Naomi Voss
Analysis

SpaceX S-1 Filing: Starlink Made $4.4B. AI Lost $6.4B. The IPO Targets $1.75T.

SpaceX lost $4.94B in 2025 as AI capex hit $12.7B, its S-1 filing revealed. Starlink's $4.4B operating profit funded a $6.4B AI division loss. The $1.75 trillion IPO opens what could be the largest listing year in history.

By Sloane Carrington
Deals

OpenAI to Confidentially File IPO Draft Friday: Sources

OpenAI prepares to confidentially file a draft IPO prospectus as soon as Friday with Goldman Sachs and Morgan Stanley as lead underwriters, sources say.

By Naomi Voss