Luke Vargas

We report that many of the cuts took place yesterday and are affecting all of the bank's major divisions, investment banking and trading, wealth management, and investment management.

Morgan Stanley and its Wall Street peers are coming off one of their strongest years on record, as trading desks navigated volatility, the wealthy continued to spend, and big companies struck more deals.

Asian stocks have ended the day higher.

European stocks are also up in midday trading, and U.S.

stock futures are down ahead of earnings from Costco and Kroger.

And we've got a lot more coverage of the day's news on the WSJ's What's News podcast.

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In a world full of noise, long-term thinking stands out.

On the Capital Ideas podcast, Capital Group leaders explore the decisions that matter most in investing, leadership, and life.

It's a rare look inside a firm that's been helping people pursue their financial goals for more than 90 years.

Listen to the Capital Ideas podcast from Capital Group, published by Capital Client Group, Inc.,

Iran strikes back following the killing of its supreme leader.

We'll get the latest as conflict spreads across the Middle East.

Plus, we'll take a look at the economic impact as fighting sends oil prices surging and upends global supply chains.

It's Monday, March 2nd.

I'm Luke Vargas for The Wall Street Journal.

And here is the AM edition of What's News, the top headlines and business stories moving your world today.

48 hours after launching major combat operations against Iran, the U.S.

and Israel are keeping up the fight.

We report that they have collectively struck more than 2,000 targets inside Iran.