What you need to know on Wall Street right now

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.

There’s a bunch of economic news out, so let’s get to it:

There’s a fair bit of fund management news too:

Elsewhere in finance news, Barclays nearly tripled pre-tax profits to £3.2 billion, but kept quiet about its Brexit contingency plans. And here’s the definitive breakdown of the gloomy state of Wall Street.

In deal news, here’s how a tiny investment bank landed a role on one of the biggest tech deals of all time. Snap’s IPO looks like a “very risky” investment, according to a London tech banker. And NYSE plans a trial run for Snap IPO.

Tesla on Wednesday reported a smaller-than-expected loss for the fourth quarter and topped expectations for revenues. It also announced that its CFO is leaving the company, and
left out a critical piece of information in its 2017 guidance.

Elsewhere in the auto world, Carlos Ghosn is stepping down as Nissan’s CEO — but he will still be running the show.

Lastly, here are the 25 best beaches in the world, and here are 25 books Wall Street will be reading this spring.

Here are the top Wall Street headlines from the past 24 hours

MORGAN STANLEY: It’s possible that Warren Buffett will buy an airline – Warren Buffett has recently been loading up on airline stocks.

British former EU official on Brexit: “There’s a risk of a complete breakdown” The Brexit talks risk a “complete breakdown” of relations between the UK and Europe, warned one of Britain’s most senior former European Commission officials.

REPORT: Morgan Stanley is set to move 300 jobs from London to Dublin or Frankfurt because of Brexit – US banking giant Morgan Stanley is planning to move 300 jobs out of London as a result of the Brexit vote, and has already started looking for office space in a number of European cities, according to a report from Bloomberg.

The owner of Victoria’s Secret is plunging after forecasting weaker-than-expected salesL Brands on Wednesday forecast a steeper drop in February comparable sales as its biggest brand, Victoria’s Secret, faces slowing demand, sending the company’s shares down 17% in trading on Thursday.

A legendary deal-maker was asked about the one mistake he made again and again, and his answer was brutal – Henry Kravis is a Wall Street legend.

The $US65 ticket to Europe is finally here — and Norwegian Air says it will please Trump – The era of cheap flights to Europe is officially upon us.

Tour the exclusive, $US25,000-a-year club where athletes and billionaires vacation in Hawaii An average of eight million people visit the Hawaiian islands each year. But it’s not likely that many of those tourists will have an experience that parallels what members can have at Kohanaiki, an exclusive club near Kona on the Big Island of Hawaii.

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