MORGAN STANLEY

Why Facebook Never Got Into My Wallet

I bought Google in its early days because I figured out the business model, and that it was simply a ubiquitous newspaper with a gargantuan circulation that would make billions by selling ads around its content. But I didn't buy Facebook because I have never understood it. But here's another angle that bothered me.
AP

Surprise, Surprise: Gold Hits Another Record

NEW YORK, N.Y. - Investors flocked to gold Friday, sending it to the latest of a series of record highs, as fears about recession in the world's major economies infected financial markets. The metal s...