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Yuri Gripas/Reuters Morgan Stanley’s wealth-management business produced record revenue in the third quarter. Most of its clients are very wealthy — its CEO says 98% of assets come from people with more than $ 100,000 at the bank. A growing opportunity is to lend these rich people, who often have illiquid assets like real estate […]
When the Amazon infrastructure-as-a-service cloud goes down, Internet users are going to notice. Amazon Web Services, which powers a whole bunch of websites and online services, has been struggling today, and numerous sites that rely on Amazon infrastructure have gone offline as a result. Appropriately enough, “Is It Down Right Now?,” a site that tells you whether […]
