Traders looking to sell the world’s reserve currency are far more common than thought even as the dollar’s dominance rips across markets, according to Morgan Stanley.

Morgan Stanley chairman and CEO Ted Pick joins 'Squawk Box' to discuss the business sentiment at Davos, state of the U.S. equity market, impact of the second Trump administration, M&A outlook, crypto industry,

Michael Grimes, a technology banker with Morgan Stanley , is in talks to leave the bank for a position in U.S. President Donald Trump's administration, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.

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Morgan Stanley eyes crypto expansion under Trump, collaborates with regulators on digital asset adoption and institutional services.

The chief executive of banking giant Morgan Stanley reportedly says the firm is willing to work with US regulators on crypto offerings.

Morgan Stanley's CEO signals potential crypto expansion amid regulatory shifts under a pro-crypto administration.

On Wednesday, Morgan Stanley (MS) stock saw a decline, ending the day at $136 which represents a decrease of $-1.30 or -0.95% from the prior close of $137.3. The stock opened at $137.26 and touched a low of $135.82 during the day, reaching a high of $138.38. The volume of shares traded was 7.02 million exceeding the average volume of 6.73 million.

The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.

Morgan Stanley is exploring the possibility of offering crypto to clients and is currently discussing a “safe” way to expand its services with regulators.

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.03% of Sonos Inc (SONO)’s shares, while financial institutions hold 90.97%.

On Wednesday, Microsoft ( MSFT, Financial) shares grew nearly 3% despite Morgan Stanley lowering their price target from $548 to $540. However, the investment company kept its Overweight rating to reflect its belief in Microsoft's future growth while standing behind Microsoft's market leadership and new artificial intelligence technology prospects.