The financial world’s computer-loving crowd is preparing for the dawn of a new AI-powered era — but that doesn’t mean they’re ready to fully embrace the technology just yet. In an Invesco survey of systematic investors with $22.5 trillion under management, 62% said artificial intelligence is going to be just as important...
Morgan Stanley granted special bonuses worth $20 million each to incoming Chief Executive Ted Pick and his two deputies, Andy Saperstein and Dan Simkowitz. The share-based awards, announced in a filing Friday, follow the firm’s announcement this week that Pick will succeed outgoing CEO James Gorman. In a rare move...
Aaron P | Bauer-Griffin | GC Images | Getty ImagesHSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year.Europe largest bank by assets also saw profit before tax for the quarter rise...
A McDonald's restaurant is seen in Belmont, California, on April 3, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesMcDonald's is expected to report its third-quarter earnings before the bell Monday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: $3, expectedRevenue: $6.58 billion,...
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023.Matthew Hatcher | AFP | Getty ImagesDETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes $8.1 billion in new investment by...