Morgan Stanley, one of the leading investment banks and wealth management firms, has made a groundbreaking move by launching a generative AI assistant created with OpenAI’s latest software. In an internal memo obtained by CNBC, it was revealed that the assistant is now fully live for all financial advisors and their support staff. This significant
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Throughout years of television dominance, Disney has established itself as an entertainment giant. However, with the rise of streaming platforms and the decline of traditional TV, the company is contemplating selling off its media assets, including ABC and its owned affiliates, linear cable networks, and a minority stake in ESPN. This strategic move is not
The United Auto Workers (UAW) labor union recently launched targeted strikes against the three major Detroit automakers, marking the first time in history that all three companies have been struck simultaneously. These stoppages specifically impact three plants where popular models like the Ford Bronco, Chevrolet Colorado, and Jeep Wrangler are manufactured. However, while the strikes
Coss Marte, the owner of a prospective marijuana dispensary in lower Manhattan, has already incurred losses of over $1 million despite his business not even being open yet. Marte was granted a dispensary license based on his prior marijuana-related convictions, as part of New York’s Conditional Adult Use Retail Dispensary (CAURD) program. However, as the
Ford Motor is set to ramp up production of the hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles. The automaker expects to increase sales of the V-6 hybrid model to roughly 20% during the 2024 model year in the U.S. While specific production figures have
A panel of independent advisors to the Centers for Disease Control and Prevention (CDC) has recently recommended that all Americans aged 6 months and older should receive updated Covid vaccines from Pfizer and Moderna. This marks a significant step towards the distribution of these vaccines to the general public. The panel’s “universal” recommendation is aimed
Sports gambling giant DraftKings faced significant backlash on Monday after promoting a bet parlay that would have paid out if three New York teams emerged victorious on the 22nd anniversary of the September 11th terrorist attacks. The insensitivity of the offer, which featured the phrase “Never Forget” commonly associated with the tragic event, sparked outrage
In a move towards addressing the devastating impact of the opioid epidemic, Kroger announced on Friday that it has agreed to pay $1.2 billion to U.S. states, local governments, and Native American tribes. This settlement aims to resolve the majority of claims against the retail giant for its alleged role in fueling the crisis through
The highly anticipated influx of upcoming tech initial public offerings (IPOs) may have the power to rejuvenate what has been a lackluster period for capital markets, according to Goldman Sachs CEO David Solomon. In a recent interview with CNBC’s David Faber, Solomon highlighted the significance of IPOs, including potential listings from chip designer Arm and
The ownership fate of Hulu is set to be decided earlier than expected, according to Comcast CEO Brian Roberts. The discussions between Comcast and Disney, which will commence on September 30th, were initially scheduled to take place in January 2024. This article will delve into the factors surrounding the decision, the appraisal process, and the