Morgan Stanley’s Dallas Hub Plan Puts 6% of Its Workforce in Play

DALLAS, August 21, 2026, 06:08 CDT — Morgan Stanley has reportedly selected Dallas for a large regional hub that could accommodate up to 4,800 jobs. At full scale, that equals 5.8% of the bank’s current 83,000-person workforce. U.S. markets had not yet opened.

Fed’s Bowman Calls for Flexible Global Rules, Says U.S. Banks May Hold $320 Billion Extra

Fed’s Bowman Calls for Flexible Global Rules, Says U.S. Banks May Hold $320 Billion Extra

Fed Vice Chair for Supervision Michelle Bowman told the Financial Stability Board on Monday that global rules should be flexible and based on risk, not hard standards. She warned in London that a one-size-fits-all system “erodes the FSB’s effectiveness.” The FSB, which handles coordination of financial regulation for big economies, plans to put out draft modernization principles for consultation this fall before sending a report to the Group of 20.
The Biggest Earnings Reports This Week: Banks, TSMC and Netflix Put Wall Street’s Profit Boom on Trial

The Biggest Earnings Reports This Week: Banks, TSMC and Netflix Put Wall Street’s Profit Boom on Trial

The market’s central question is whether the profit surge can broaden beyond artificial-intelligence chips and energy without exposing weaker credit. The evidence points to a cautious yes: analysts expect S&P 500 second-quarter earnings to rise 23.4% from a year earlier, and this week’s bank slate will test loan demand and consumer health. The answer still hinges on Taiwan Semiconductor Manufacturing Co. defending its high-growth, heavy-investment outlook. Guidance — management’s forecast for coming quarters — matters more now than another round of backward-looking beats.
Plug Power Drops After Broker Cut Wipes $1.75 Billion, 50-MW Order Not Enough

Plug Power Drops After Broker Cut Wipes $1.75 Billion, 50-MW Order Not Enough

Plug Power Inc. dropped 5.5% to $2.25 late Friday morning after Susquehanna lowered its 12-month target price to $2.50 from $3.75. The cut took $1.25 off the target on about 1.40 billion shares, slicing around $1.75 billion from the broker’s implied equity value. That’s about 56% of Plug’s current $3.13 billion market cap. These are target numbers—not an actual market loss.
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