Shannon Stapleton | Reuters Morgan Stanley has officially kicked off the generative AI era on Wall Street. The bank plans to announce Monday that the assistant it created with OpenAI‘s latest generative AI software is “fully live” for all financial advisors and their support staff, according to a memo obtained by CNBC. “Financial advisors will…
Marco Vdm | E+ | Getty Images The wage gap costs women in the U.S. about $1.6 trillion a year, a new report finds. Women earned 78 cents for every dollar that men made in 2022, according to National Partnership for Women and Families. Researchers calculated the total cost to women of the wage gap…
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. PayPal – Shares of the payments giant fell more than 1% premarket after MoffettNathanson downgraded the stock to market perform from outperform and…
Chinese ride-hailing giant Didi delisted from the New York Stock Exchange just months after its June 2021 IPO after a now-resolved regulatory probe that had forced Didi to suspend new user registrations. Brendan McDermid | Reuters BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as…
Market Movers rounded up the latest reactions on Adobe from investors and analysts. The pros discussed the software company after it reported fiscal third-quarter earnings and revenue that beat analysts’ expectations. Adobe also reported in-line forward guidance with expected fourth-quarter revenue of $4.975 billion to $5.025 billion . Bank of America and Goldman Sachs reiterated…
Former President Donald Trump speaks with the press at the Iowa Pork Producers booth during the 2023 Iowa State Fair at the Iowa State Fairgrounds, Aug. 12, 2023. Demetrius Freeman | The Washington Post | Getty Images Former President Donald Trump complained that interest rates are too high and indicated that if he gets another…
Before a hurricane such as the recent Hurricane Idalia makes landfall, consumers typically load up on flashlights, batteries and plywood from chains such as Home Depot and Lowe’s , or they might try and buy a generator from Generac . But behind the scenes, there is a host of companies that benefit from the cleanup…
Juan Algar | Moment | Getty Images Student loan payments are restarting in October after a pause of more than three years — and scammers are trying to take advantage, the Federal Trade Commission warned. Fraudsters may try mislead borrowers by offering assistance and asking them to pay for it, Ari Lazarus, consumer education specialist…
Celsius Holdings has plans to reach a global stage, making it an attractive investing opportunity, according to TD Cowen. The firm initiated coverage of the energy drink stock with an outperform rating and $250 per share price target. TD Cowen’s forecast implies 23.8% upside from Thursday’s $201.94 close. “As the strong #3 in U.S. energy…
General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019. Bryan Woolston | Reuters Check out the companies making headlines before the bell. KeyCorp — The Cleveland-based regional bank rose almost 2% premarket after Piper Sandler said the shares…
