Stocks have yet to bottom and could fall another 23% this year amid slowing growth, Morgan Stanley says

Reuters / Brendan McDermid Stocks have yet to bottom and will see more downside later this year, Morgan Stanley said. In the best-case scenario, the bank predicted that the S&P 500 would fall to 3,400 by year-end, and in the event of a recession, it would fall to 3,000. But Morgan Stanley also expects the […]

Why Silicon Valley’s “growth at any cost” is the new “unsafe at any speed”

(video link) If there’s one person outside of government who has stood against Facebook’s crashing wave, it’s Ashkan Soltani. Late last year, the independent privacy researcher was suddenly called to speak before the UK Parliament about Facebook’s privacy practices, simply because he happened to be in London and, in his own words, “was just a […]

MORGAN STANLEY: Get used to a ‘new normal’ of weaker UK growth thanks to Brexit

REUTERS/Kevin Coombs Morgan Stanley says weaker growth looks set in for the long haul once the UK formally leaves the EU. The average quarterly growth rate since the third quarter of 2016 was about 0.4%, which looks set to continue until at least the fourth quarter of 2020, economists at the bank said.  In the […]