In a groundbreaking move that signals the beginning of the generative AI era on Wall Street, Morgan Stanley has officially unveiled its highly-anticipated assistant powered by OpenAI’s latest generative AI software. The bank is set to announce that the assistant, called the AI @ Morgan Stanley Assistant, is now “fully live” for all financial advisors
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Disney, a renowned entertainment giant, is considering selling ABC and its owned affiliates, linear cable networks, and a minority stake in ESPN. Unlike most sellers motivated by financial gains, Disney’s primary drive is to reposition itself as a modern media company and signal to investors that the time for traditional TV is over. With a
In a historic move, the United Auto Workers (UAW) labor union has initiated targeted strikes against the three major Detroit automakers. The strikes, which began early Friday morning, have impacted three key plants responsible for manufacturing popular vehicle models such as the Ford Bronco, Chevrolet Colorado, and Jeep Wrangler. This simultaneous action against all three
Coss Marte’s dream of opening a marijuana dispensary in lower Manhattan has turned into a nightmare. Despite being awarded a coveted dispensary license last year, Marte’s business, like many others, is on the brink of ruin. The challenges faced by marijuana dispensary owners in New York are numerous, from finding suitable locations to securing funding.
Ford Motor is ready to take on the challenge of slower-than-expected sales of its all-electric vehicles with a big bet on the hybrid version of its F-150 pickup truck. The automaker plans to double production of the F-150 hybrid, aiming to achieve roughly 20% of total sales in the U.S. during the 2024 model year.
In a landmark decision, an independent advisory panel to the Centers for Disease Control and Prevention (CDC) has recommended that all Americans aged 6 months and above receive updated Covid vaccines from Pfizer and Moderna. This move marks a significant step towards ensuring the availability of the shots to all Americans in the coming days.
DraftKings, a prominent sports gambling company, faced severe backlash and criticism after promoting a bet parlay offer that coincided with the 22nd anniversary of the September 11th terrorist attacks in the United States. The ill-advised offer aimed to pay out if three New York teams emerged victorious on this solemn day, tarnishing the significance of
In a recent announcement, Kroger revealed that it has agreed to pay $1.2 billion to settle the majority of claims against the company regarding its alleged contribution to the opioid epidemic. This settlement, which covers claims made by U.S. states, local governments, and Native American tribes, follows similar agreements reached by other retail pharmacy chains
The technological sector is experiencing a surge of initial public offerings (IPOs), which could potentially ignite a revival in the subdued capital markets. David Solomon, the CEO of Goldman Sachs, recently spoke with CNBC’s David Faber about the forthcoming wave of tech IPOs and its potential impact on the financial landscape. With companies like Arm
The timeline for deciding the ownership fate of Hulu has undergone a significant shift, according to Comcast CEO Brian Roberts. The discussions between Comcast and Disney, originally scheduled for January 2024, are now set to take place on September 30. These talks will involve the appraisal process and have greater implications for the streaming service