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Wave of AI-based marketing startups arrives as Microsoft, Google rush AI-based products to market

digiday.com As more artificial intelligence tools are being built for generating content — and getting an influx of investment and attention from tech giants like Microsoft and Google —…

'Halftime Report' traders name stocks to play this resilient economy

cnbc.com Companies that will benefit from a resilient economy are among the names that caught the eyes of Wall Street and the CNBC "Halftime Report" traders on Wednesday. While…

Economists continue to raise China’s economic growth forecast for this year

marketwatch.com Analysts are upgrading their growth forecasts for China’s economy, after the easing of COVID restrictions that hit the country less than expected and as business activity…

Chase to hire more than 500 small business bankers over 2 years

foxbusiness.com Chase, the consumer and commercial banking arm of JPMorgan, announced Wednesday it plans to hire upward of 500 bankers to service small businesses over the next few years to…

Zoom CEO Eric Yuan Cuts His Own Pay By 98% Amid Layoffs

marketbeat.com Zoom CEO Eric Yuan told employees in an email on Tuesday that he would cut his own salary by 98% and not take a bonus amid a layoff announcement at the company that will…

The Tell: Deeply inverted Treasury yield curve isn’t signaling a looming recession: Goldman Sachs

marketwatch.com The outlook for the U.S. economy has brightened considerably in recent weeks, but the Treasury yield curve remains near its most deeply inverted level in at least four…

Zoom CEO Eric Yuan Takes 98% Pay Cut Amid Layoffs

entrepreneur.com "I want to show accountability not just in words but in my own actions," Zoom CEO Eric Yuan said in an email to employees. Zoom CEO Eric Yuan told employees in an email on…

Analysis

washingtonpost.com Picture yourself as the CEO of a big, publicly traded company. You want your stock to go up, both to keep shareholders happy and justify a big bonus. One option is to invest…

China's $1.2 Trillion Savings Glut In Focus For Recovery

zerohedge.com China's $1.2 Trillion Savings Glut In Focus For Recovery By Ye Xie, Bloomberg Markets Live reporter and strategist The exact shape of China’s economic recovery depends on…

Fox Corp. Earnings: What Wall Street Likes About the Murdochs’ Latest Moves

hollywoodreporter.com Fox Corp.’s latest quarterly earnings improved and included higher advertising revenue, but it was not only its financials that drew Wall Street praise on Wednesday.…

How top banks like JPMorgan and Morgan Stanley train young wealth managers to work with ultra-rich clients

businessinsider.com Goldman Sachs analysts have to train for two years before working with the bank's wealthiest clients. Kingfisher Productions Private banks cater to the wealthiest clientele,…

How the world economy could avoid recession

economist.com L markets had a terrible time. So far 2023 looks different. Many indices, including the Euro Stoxx 600, Hong Kong’s Hang Seng and a broad measure of emerging-market share…

The Ratings Game: Analyst keeps neutral rating for Goldman ahead of big investor day on Feb. 28

marketwatch.com Deutsche Bank analyst Matt O’Connor said Wednesday that Goldman Sachs Group Inc. will be hard-pressed to impress investors when the marquee investment bank holds its first…

Merge Or Perish: 25 Struggling Fintech Startups

forbes.com Many once-promising financial startups are cash-strapped; others have broken business models. By Jeff Kauflin & Emily Mason; Illustration by Matt Chase for Forbes November…

Media company Ozy is attempting a comeback

semafor.com Ozy, the youth-focused media company that imploded in 2021 over a misleading pitch to potential investors, is raising money again — pitching itself as a “fresh,” “hip,”…

Biden SOTU Post-Mortem: Inflation, Inflation, Inflation, & Tax Hikes

zerohedge.com Biden SOTU Post-Mortem: Inflation, Inflation, Inflation, & Tax Hikes Authored by Mike Shedlock via MishTalk.com, President Biden delivered his State of the Union speech far…

Biden Makes His Business Case in the State of the Union Address

nytimes.com The president took credit for strong job growth and his legislative agenda that’s boosted investment in infrastructure and clean energy projects. President Biden delivered a…

Oil faces a 'serious problem' by 2024 as production capacity runs out, warns Goldman

yahoo.com Oil prices have cooled down in recent months, but Goldman Sachs sees a major rebound on the horizon. Speaking on the sidelines of a conference in Saudi Arabia, Goldman’s…

Harvey Schwartz has his work cut out for him at Carlyle. Here's why

businessinsider.com Hiya! Dan DeFrancesco in NYC. It's the most wonderful time of the year: Rising stars of equity research! We're pulling together nominations of the best up-and-comers in the…

Goldman Sachs strategist reveals the 'cheap' sectors to own right now

cnbc.com Bank stocks are "inexpensive," and commodity companies look "cheap" in this high interest-rate environment, according to Goldman Sachs' Sharon Bell. Bell, a European…

No wonder Powell didn’t commit to extra hikes. Here are five reasons the January jobs report may be too good to be true

marketwatch.com Traders took heart that Fed Chair Jerome Powell, when he wasn’t being questioned by David Rubinstein on how he gets by on $190,000 per year, didn’t commit on Tuesday to…

3 A-Rated Stocks to Buy for Less Than $30

entrepreneur.com Defying market headwinds, the U.S. job market remains robust. The labor market showing resiliency has led to declining recession odds. Therefore, investors might buy…

5 big earnings reports: Maersk drops on downbeat guidance, Chipotle misses By

investing.com Maersk took a slide on a disappointing full-year outlook. And here are all 5 of the biggest earnings reports you may have missed on InvestingPro since yesterday's market…

Factbox-Tech firms, Wall Street titans lead job cuts in corporate America

investing.com Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn.…

Microsoft gave some numbers on AI-powered search. Here’s what the company says

marketwatch.com Microsoft has finally released its artificial intelligence-powered search engine, and some of the early reviews are good. But what will it mean in to the bottom line?…

Zoom's CEO will take a $10,000 salary this year, a 98% pay cut, after laying off 1,300 workers because of 'mistakes' he made growing the company

businessinsider.com Zoom CEO Eric Yuan is slashing his pay by $490,000. Reuters/Carlo Allegri Zoom CEO Eric Yuan is taking a pay cut of 98%, and will earn just $10,000 in salary this year. The…

‘Aftersun’ Becomes Mubi’s Most Streamed Movie Ever & Crosses Box Office Milestones

deadline.com Arthouse streamer and distributor Mubi has to date been shy about revealing performance numbers for its movies, but today we can reveal that BAFTA and Oscar hopeful Aftersun…

'Apple Pay Later' Now Being Tested by Apple Store Employees Ahead of Launch

macrumors.com Apple this week made a beta version of its upcoming "Apple Pay Later" feature available to the company's more than 80,000 retail employees in the U.S. for testing, according…

Asia-Pacific markets to trade mixed as Fed says inflation on the decline

cnbc.com The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 6.50%, in line with expectations. The Indian rupee strengthened 0.24% after the…

Middle managers are so burned out that nearly half want to quit within the next year

fortune.com After navigating COVID-19, high inflation, persistent labor shortages, and return-to-office mandates, managers are burnt out. Some 46% of middle managers say it’s likely…

Column-Low visibility, low volatility make strange pairing :Mike Dolan

investing.com Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity - questioning any investment conviction, the reliability of…

SocGen's Q4 profit beats expectations, sees higher bad loan risks

reuters.com , France's third biggest bank, posted a higher-than-expected profit in the fourth quarter, driven by a strong performance of its corporate and investment banking division as…

Stocks making the biggest moves midday: Chegg, Hertz and Oak Street Health

cnbc.com Check out the companies making headlines in midday trading Tuesday. Pinterest — Pinterest shares tumbled 5.2% on Tuesday after the image discovery company posted mixed…

Zeitview, formerly DroneBase, which offers drone imagery, software, and analytics for the energy and infrastructure sectors, raised a $55M Series E led by Valor

techcrunch.com Zeitview, the company formerly known as DroneBase, today announced that it raised $55 million to further develop its air and ground data capture tech. Led by Valor Equity…

New York constituents flooded the hallway outside George Santos' office in Congress, demanding he be removed from office: 'We're not being seen'

businessinsider.com Rep. George Santos' constituents from New York's third congressional district traveled to Washington, D.C., to call for his removal from Congress. Drew Angerer/Getty Images…

Inside the world of sports betting

marketplace.org This weekend’s Super Bowl is almost certain to be the most legally bet-on sports event in U.S. history. Since the Supreme Court struck down a federal ban on sports betting…

Goldman Asset Management sees the best opportunity for bond investors in a decade. How to play it

cnbc.com There's good news for fixed-income investors this year, according to Goldman Sachs Asset Management. Bonds had a brutal 2022 as the Federal Reserve hiked interest rates to…

Joe Duran, Founder of the Former United Capital, Steps Back at Goldman Sachs

barrons.com Joe Duran, the prominent advisor who sold his registered investment advisor United Capital to Goldman Sachs in 2019, is stepping down as a partner at the investment bank and…

The Blurred Lines Between Goldman C.E.O.’s Day Job and His D.J. Gig

nytimes.com David Solomon brushes off D.J.ing as a minor hobby that has little to do with his work at the bank, but his activities may pose potential conflicts of interest. An amateur…

Wholesale egg prices have ‘collapsed.’ Why consumers may soon see relief

cnbc.com Wholesale egg prices have cratered in recent weeks from record highs, meaning consumers may soon see relief at the grocery store. But the dynamics of egg pricing from the…

Goldman Sachs makes a bold housing market call

fortune.com The U.S. housing market might finally be nearing the bottom. At least that’s according to Goldman Sachs. Just two weeks after Goldman Sachs downgraded its outlook for the…

Goldman Sees Households Burning Through A Majority Of Pandemic Savings By End Of Year

zerohedge.com Goldman Sees Households Burning Through A Majority Of Pandemic Savings By End Of Year During the Covid-19 pandemic, consumers saved an unprecedented amount of cash thanks to…

Markets On A Precipice As Speculation Runs Rampant

zerohedge.com Markets On A Precipice As Speculation Runs Rampant Authored by Simon White, Bloomberg macro strategist, A rapid rise in speculative behavior driven by FOMO and a growing…

Fed chair: Hot jobs report shows fighting inflation will take time

washingtonpost.com The economy will need more interest rate increases to keep inflation on a consistent, downward track, Federal Reserve Chair Jerome H. Powell said Tuesday, adding that the…

Goldman employees sometimes helped CEO David Solomon manage his DJ schedule, report says

businessinsider.com Goldman Sachs CEO David Solomon is a hobbyist DJ. A new report says some of the bank's employees have at times helped him manage his DJ schedule. REUTERS/Jennifer Ablan/File…

Why recent layoff announcements signal the end of 'corporate…

aol.com Corporate America can't seem to lay off workers fast enough. U.S. employers have already axed north of 100,000 jobs this year according to the latest figures from data firm…

Sharp practice? Never! BBC chair is just one of life’s natural born winners

theguardian.com How the other half live. There’s the establishment, and then there’s Richard Sharp. The chairman of the BBC. For the time being at least. Richard is one of life’s natural…

Ether dips as DCG reportedly sells shares in several Grayscale crypto trusts

marketwatch.com Bitcoin and ether dipped Tuesday, as crypto conglomerate Digital Currency Group reportedly has been selling shares in several crypto trusts at a deep discount, as it strives…

Fed Official Warns U.S. Debt Default Would Be ‘Catastrophe’ As Bank Of America Gears Up For The Worst

forbes.com Federal Reserve official Neel Kashkari on Tuesday reiterated the Treasury's concern over the nation's looming debt ceiling crisis, and though he's unsure how likely a…

George Santos sexual assault accuser says ethics committee is investigating

newsweek.com Members of George Santos' congressional team are being interviewed by the House ethics committee, according to the former volunteer who accused the New York congressman of…

Oil Prices Climb Despite Underwhelming Chinese Demand

oilprice.com Despite a relatively underwhelming rebound in Chinese demand, oil prices were pushed higher at the start of this week by the embargo on Russian oil products and the…

US stocks slip as investors brace for Fed Chair Jerome Powell's speech

businessinsider.com US stocks traded lower Tuesday, with Fed Chair Jerome Powell scheduled to speak at 12:40 p.m. ET in Washington, DC. • Markets rallied last week after the Fed's…

Goldman Sachs downgrades Tyson Foods, says poultry stock's trajectory is uncertain after latest earnings

cnbc.com Goldman Sachs' enthusiasm on Tyson Foods has cooled. Analyst Adam Samuelson downgraded the food producer to neutral from buy after Tyson's latest quarterly report showed…

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