Morgan Stanley’s second-quarter profit fell 14% due to continued weakness in investment banking and trading activity, but the Wall Street bank still did better than analysts had expected, prompting its stock to climb 6.5%. The company posted earnings of $2 billion, or $1.24 per share, down from $2.4 billion, or $1.39 per share, in the year-ago quarter. Analysts had expected earnings per share of...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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