Wall Street Giants to Make $50 Billion Bet on AI and Power Projects

KKR and Energy Capital Partners plan to invest in development of data centers and the power infrastructure to support them.

Tech - The Wall Street Journal - 8 hours ago

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.

Business - CNBC - October 23

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

Behind Many Powerful Women on Wall Street: A Doting 'Househusband'

More men are staying home to facilitate the complex juggle of family life and their wives’ high-powered careers.

Business - The Wall Street Journal - October 21

Wall Street Journal, NY Post sue AI startup

Media conglomerate News Corp, the conglomerate that owns the Wall Street Journal, New York Post and a number of other media properties, is suing artificial intelligence (AI) startup Perplexity over ...

Politics - The Hill - October 22

AI on the trading floor: Morgan Stanley expands chatbot tools to Wall Street division

Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.

To Make AI Pay, Master 2 Power Traits

You must be insatiably curious and excel at managing process redesign.

Business - Inc. - October 16

Wall Street is going all-in on election betting markets. What you need to know.

Political betting markets aren’t new, but a too-close-to-call, high-stakes presidential election and wariness over traditional polling has led Wall Street investors to look to the shifting ...

Business - MarketWatch - 4 days ago

Google becomes the latest tech giant to strike a nuclear-power deal for AI

Amazon, Microsoft and Oracle all have nuclear arrangements of their own as tech companies seek clean-energy solutions for AI’s massive power needs.

Business - MarketWatch - October 14

ASML share plunge wipes over $50 billion off Dutch chip giant's value

ASML published its third-quarter earnings Tuesday, a day earlier than expected.

Business - CNBC - October 16

AI-powered productivity tools that can make life harder

Technology used to summarise notes or generate transcripts does not always work for deaf employees

Business - Financial Times - October 22

McDonald's, Boeing experience Wall Street struggles

It's been a mixed week for stocks amid a flurry of corporate news, including problems for fast food giant McDonald's, as it deals with an E. coli outbreak possibly linked to its Quarter Pounders. ...

Top Wall Street analysts are upbeat on these dividend stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Diamondback Energy

Business - CNBC - 3 days ago

Mayor Eric Adams’s Crises Stir Hope for Delayed Street Projects

Mayor Eric Adams has stalled plans to build bus and bicycle lanes. With his leadership under threat, the projects’ supporters see an opening.

Top stories - The New York Times - October 19

Optimism on Wall Street, and Harris Agrees to a Fox News Interview

Plus, an investigation into China’s panda factories.

Top stories - The New York Times - October 15

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Wall Street’s most frustrating ‘pain trade’ looks set to continue

For Wall Street’s professional money managers, the biggest “pain trade” right now is the ongoing rally in stocks following a massively successful two-year bull run.

Business - MarketWatch - October 15

Trump: Wall Street Journal has been 'wrong about everything'

Former President Trump blasted the Wall Street Journal and other prognosticators in the financial sector who have predicted his economic plans will have a negative impact on the country's financial ...

Politics - The Hill - October 15

Netflix adds 5 million subscribers and beats Wall Street's profit expectations

Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.

Entertainment - Los Angeles Times - October 17

Wall Street hates Treasurys. Maybe it’s time to give them some love.

Maybe it’s time to show them a little appreciation.

Business - MarketWatch - October 19

Top Wall Street analysts like these stocks for their growth prospects

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Fortinet.

Business - CNBC - October 20

Wall Street analysts get it wrong on two of our portfolio industrial stocks

New research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.

Business - CNBC - October 21

Wall Street is worried stocks might be on the cusp of a ‘lost decade’

Stocks have been on a terrific run over the past decade. But the years ahead might not be quite so spectacular.

Business - MarketWatch - October 22

The Wall Street Veteran Leading Disney's Search for Iger's Replacement

James Gorman wanted a challenging board role after nailing succession at Morgan Stanley. He’s getting one at Disney.

Business - The Wall Street Journal - October 22

A Key Corner of Wall Street Is Pricing in a Trump White House and No Recession

Bond traders have responded to strong economic data by lowering their forecasts for Fed rate cuts.

Business - Inc. - October 23

Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 23

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - 5 days ago

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - 6 days ago

Markets are moving in mysterious ways — and Wall Street is struggling to explain why

Traditional relationships between stocks, bonds, currencies and commodities like gold are breaking down once again in 2024. This time, even many financial professionals are at a loss to explain ...

Business - MarketWatch - 4 days ago

A New Business on Wall Street: Defending Against D.E.I. Backlash

Companies are conducting vulnerability assessments, compiling research reports and writing plans for what to do if their diversity efforts come under attack.

Business - The New York Times - 3 days ago

Visa says spending trends are stable, and this time Wall Street agrees

Visa’s CFO expects the “stable and resilient consumer” to keep up such spending trends into the company’s new fiscal year.

Business - MarketWatch - 19 hours ago

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

TikTok owner sacks intern for sabotaging AI project

Chinese technology giant ByteDance denied reports that the incident caused more than $10m of damage.

A giant leap for Wemby headlines our new top 50

NBA Rank 2024 continues! See which top players just missed the top 10, and who made the biggest leaps this season.

Sports - ESPN - October 17

Hurricane Milton’s insured losses could reach $50 billion, says Verisk

Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.

Business - MarketWatch - October 16

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