Morgan Stanley names head of artificial intelligence, Jeff McMillan

Morgan Stanley names head of artificial intelligence, Jeff McMillan

The Morgan Stanley digital sign is seen at the company’s Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. John Taggart | Bloomberg | Getty Images Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide artificial intelligence, CNBC has learned. The bank … Read more

CVNA, GPS, LLY, UBS and more

CVNA, GPS, LLY, UBS and more

Check out the companies making headlines before the bell. Carvana — Shares gained more than 5% after RBC upgraded the stock to sector perform from underperform. The firm cited a reasonable valuation and a favorable setup for unit acceleration. MongoDB — Shares fell more than 8% after the company issued disappointing first-quarter and full-year guidance … Read more

Dow Jones Struggles as Earnings Season Kicks Off: Diverging Fortunes in the Financial Sector

A Trader works on the floor of the New York Stock Exchange NYSE

On Tuesday, the Dow Jones Industrial Average struggled to maintain its early 2023 momentum as investors weighed the latest earnings results. The blue-chip index, which is a stock market index that tracks 30 of the largest and most widely traded publicly listed companies in the United States, lost 391.76 points, or 1.14%, to close at … Read more

Dow slumps 500 points as traders worry about larger rate hikes, JPMorgan falls after earnings

Target has lower profit than expected

Stocks tumbled Thursday as big bank earnings kicked off with disappointing results and traders assessed the possibility of even tighter U.S. monetary policy on the back of June’s inflation data. The Dow Jones Industrial Average shed 558 points, or 1.82%, while the S&P 500 dropped 1.79%. The Nasdaq Composite tumbled 1.71%. Earnings results from major … Read more

Morgan Stanley’s Mike Wilson says S&P 500 could tumble toward 3,400 if a ‘true growth scare’ is on the cards

Wall Street

Morgan Stanley’s bearish chief U.S. equity strategist Mike Wilson has some bad news and some good news for investors. On the heels of the worst April for stocks since 1970, Wilson and a team of strategists laid out what’s ahead as we enter “the next phase of the bear market,” predicting the S&P 500 index SPX, +0.45% is … Read more