Morgan Stanley easily beats Wall Street estimates as bond trading revenue doubles; shares surge

“We reported one of our strongest quarters in recent years. All our businesses performed well in improved market conditions,” said CEO James Gorman in a statement. ” We are confident in our business model and the opportunities ahead, while...

Aaron Hernandez, former New England Patriots star, found dead in prison cell in apparent suicide

Aaron Hernandez, the former New England Patriots tight end convicted of murder, was found dead early Wednesday of an apparent suicide inside his cell at a Massachusetts prison, a state correction official said. Correction officers discovered Hernandez hanged by a bed...

Mortgage applications drop 1.8%, despite lowest interest rates since November

Fewer homebuyers jumped into the mortgage market last week even though interest rates hit their lowest levels in five months. Total mortgage applications decreased last week by 1.8 percent from the previous week, according to the Mortgage Bankers Association. Total...