Morgan Stanley CEO James Gorman attends the Reuters NEXT Newsmaker event in New York, December 1, 2022. Brendan McDermid | Reuters Morgan Stanley chief James Gorman said Friday he plans to resign as the bank’s CEO within the year, setting off a succession race at one of Wall Street’s top firms. The bank’s board has…

Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines before the bell. Foot Locker — Shares tumbled more…

Market Movers rounded up the best reactions from investors and analysts as Walmart increased its full-year sales forecast on Thursday. The pros, including Jim Cramer , discussed the retail giant after it beat quarterly earnings and revenue expectations. After sales rose nearly 8% in its most recent quarter, Walmart is raising its guidance. The company…

A Walmart in Atlanta, Georgia, US, on Sunday, Feb. 19, 2023. Walmart Inc.’s profit forecast for this year fell short of analyst estimates, signaling more struggles for the worlds largest retailer after it was hammered by a surge in inventory. Photographer: Dustin Chambers/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Check out the…

Lorie K. Logan, the newly appointed Federal Reserve Bank of Dallas president and chief executive, is pictured in this undated handout image, obtained on May 11, 2022. Dallas Federal Reserve | via Reuters Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at…

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Check out the companies making headlines before the bell Thursday. Walmart – Shares of the retail giant rose more than 1.5% in premarket trading after the company raised its…

Tech stocks on display at the Nasdaq.  Peter Kramer | CNBC The market’s affinity for Big Tech stocks this year is “shortsighted,” according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out to other sectors offering greater value. Shares of America’s tech behemoths have been buoyant so far in…

Check out the companies making headlines in extended trading. Take-Two Interactive Software — Shares jumped 8.1% Wednesday during after hours trading. The video game company reported $1.39 billion in adjusted revenue in the fiscal fourth quarter, topping analysts’ estimates of $1.34 billion, according to Refinitiv. Meanwhile, the company’s estimates for bookings in the first-quarter and…

Market Movers rounded up the best reactions from investors and analysts as Target shares rose after the retailer posted an earnings beat. The pros, including Jim Cramer , discussed the retailer after it reported its first-quarter financial results Wednesday before the opening bell. Target chairman and CEO Brian Cornell said on a call with investors that…

Carla Gottgens | Bloomberg | Getty Images Americans are upbeat on gold and have soured on stocks — perhaps to their detriment. Twenty-six percent of Americans ranked gold as the best long-term investment in 2023, almost double the 15% who thought so in 2022, according to a recent Gallup poll. The share surpassed that of…