Investing

Let’s not make a deal? Investment banking powerhouses Goldman Sachs and Morgan Stanley both reported substantial drops in revenue and profit for the fourth quarter on Tuesday, largely due to the dearth of merger activity and initial public offerings in the final three months of…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The world is in debt. A record amount…

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