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

Oil prices could surprise to the upside this summer: Morgan Stanley

Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats. His comments came as oil prices rose on Wednesday amid fears of potential supply disruption after Ukrainian drone attacks on Russian refineries, and hopes that the Federal Reserve may soon start cutting interest … Read more

Inflation fight may go down bumpy path

A view of grocery store in Washington DC, United States on February 14, 2024.  Mostafa Bassim | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

JPMorgan Chase (JPM) earnings Q4 2023

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase said Friday that fourth quarter profit declined after paying a $2.9 billion … Read more

In 2024, AI Will Spark an Indie Video Game Renaissance (and Nightmare)

More people are making video games than ever before, but most games are still designed by teams of professionals. There’s a barrier of technical skills that keeps the average person from making their own game, but in 2024, that’s going to change. AI is going to make game development so easy that you’ll be able … Read more

Treasury yields fall as recent trend continues

The 10-year U.S. Treasury yield retreated on Tuesday, reversing course from the previous day’s trade and continuing a general downward trend over the past week. The yield on the benchmark 10-year note was down 4.5 basis points at 3.9089%, having fallen below 4% on Thursday to hit its lowest point since July. Yields move inversely … Read more

Treasury yields inch higher ahead of Fed meeting

U.S. Treasury yields were fractionally higher on Monday, as investors look ahead to this week’s Federal Reserve policy meeting. The yield on the benchmark 10-year Treasury note was just over a single basis point higher at 4.2563%, while the yield on the 30-year Treasury bond was just under a point higher at 4.3339%. Yields move … Read more

Shein files for U.S. IPO, looks to expand global reach

Shein has confidentially filed to go public in the U.S. as the Chinese-founded fast-fashion juggernaut looks to expand its global reach with a long-rumored initial public offering, CNBC has learned.  The retailer was last valued at $66 billion and could be ready to start trading on the public markets as soon as 2024, people familiar … Read more

Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’

James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader’s Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty Images … Read more

A cool jobs report heats up markets

Job seekers speak with prospective employers during a City of Los Angeles career fair offering to fill vacancies in more than 30 classifications of jobs on November 2, 2023 in Los Angeles, California.  Frederic J. Brown | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC … Read more