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Wall Street

Morgan Stanley’s new AI tool  ‘spotty on accuracy’: sources

by Edgar Davis
Morgan Stanley’s new AI tool  ‘spotty on accuracy’: sources

The generative artificial intelligence revolution has begun with a whimper, not a bang, at Morgan Stanley. The investment bank rolled out a new AI tool on Monday that allows its …

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Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

by Ron Morgan
Morgan Stanley (MS) and Wells Fargo (WFC) have more room to run

The financial sector is making a comeback, and it looks to stay there. Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently. Still, we …

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The Fed is due to hold rates steady next week, with guidance the key

by Walter Watson
The Fed is due to hold rates steady next week, with guidance the key

The Federal Reserve is widely anticipated to hold rates steady in the week ahead, but key for investors will be the central bank’s guidance on where it’s headed from here. …

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Wall Street execs host DeSantis fundraising events in bid versus Trump

by Vera Ward
Wall Street execs host DeSantis fundraising events in bid versus Trump

Republican U.S. presidential candidate and Florida Governor Ron DeSantis speaks during his “Never Back Down” tour ahead of his appearance at the Iowa State Fair, in Atlantic, Iowa, August 11, …

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Analysts react to blowout UBS earnings

by Walter Watson
Analysts react to blowout UBS earnings

Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | …

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Giuliani loses financial support of billionaires Langone, Cooperman

by Vera Ward
Giuliani loses financial support of billionaires Langone, Cooperman

Former New York City Mayor Rudy Giuliani, an attorney for former U.S. President Donald Trump during challenges to the 2020 election results, exits U.S. District Court after attending a hearing …

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Sixth Street — which manages more than $70 billion — is betting big on sports teams and live events

by Walter Watson
Sixth Street — which manages more than  billion — is betting big on sports teams and live events

(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder David Rubenstein recently said in an interview for a CNBC podcast.  Historically, …

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UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover

by Walter Watson
UBS posts  billion second-quarter profit in first results since Credit Suisse takeover

General view of the UBS building in Manhattan on June 5, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images UBS on …

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It was a poor month for the Nasdaq. History shows it could get worse before it gets better

by Walter Watson
It was a poor month for the Nasdaq. History shows it could get worse before it gets better

August is shaping up to be a poor month for the Nasdaq Composite, but history suggests that it will only get worse before it gets better. The Nasdaq Composite is …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters Stock futures rose slightly to kick off the final trading week …

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