Morgan Stanley said it named Ted Pick as its next chief executive to succeed longtime CEO James Gorman, ushering in a new era for the Wall Street powerhouse. https://ift.tt/JsF271Z

The banks that financed Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets and expect to take a hit of at least roughly $2 billion, when they sell the debt, people familiar with the matter said. https://ift.tt/6zv5lq8

The UAW secured a tentative labor deal with Ford Motor, potentially ending a six-week strike at one automaker while negotiations continue at General Motors and Chrysler-parent Stellantis. The pact contains a 25% wage increase during the span of the four-year contract, including an 11% bump in the first year. https://ift.tt/6DRurkx

Meta Platforms reported its largest quarterly revenue since going public more than a decade ago as demand for advertising picked up and as it continued to reap the benefits of cutting costs anddeveloping new AI technology. https://ift.tt/WJoDPLh

Clarence Thomas Didn’t Fully Repay $267,230 Loan for Luxury Motor Home, Report Says https://ift.tt/QfqK1W0

Gold Edges Up; Likely to Stay Volatile Next Week https://ift.tt/ol0LP87

Active Shooter in Lewiston, Maine, State’s Second Largest City, Police Say https://ift.tt/9ms07vR

Oil Prices Flat as Traders Weigh Geopolitical Tensions https://ift.tt/Z9AnxBW

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X’s Tumultuous First Year Under Elon Musk, in Charts https://ift.tt/FEYA7Vn