Morgan Stanley Suffers Drop in Quarterly Profit
Morgan Stanley's new CEO Ted Pick said the bank's profit margins have been hurt by recent purchases, such as of ETrade.
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Goldman Reports Big Rise in Profits
Goldman's quarter was boosted by higher contributions from its asset and wealth management units.
Elon Musk Seeks 25% Control Over Tesla
Without it, Musk would “prefer to build” products outside of Tesla, he said.
Apollo Teams Up With Venture Firm to Launch New AI Incubator
The partnership marks a significant step by the private equity giant into the AI venture industry
Google Ad Sales Unit to Cut Hundreds of Jobs
The ad sales layoffs come on top of cuts across Google last week.
JPMorgan Fined $18 Million For Whistleblower Breaches
JPMorgan to pay $18 million to settle charges it impeded hundreds of clients and brokerage customers from blowing the whistle on potential breaches of the law.
Apple Removes Blood Oxygen Monitoring From Watch to Avoid Ban
The outcome is mixed for Apple as it will likely be able to resume sales of the Apple Watch but without one of its key health features.
South Korean Firms to Invest $470 Billion On Chip Factories By 2047
The move will help South Korea become more self-sufficient in chip production while also making its firms more competitive against their foreign counterparts.
Google to Let European Users Stop Sharing Data Across its Web Services
The move comes ahead of a March 6 deadline to comply with the EU’s Digital Markets Act.
Artifact, News App from Instagram’s Co-founders, Shuts Down
The startup, which uses artificial intelligence to suggest news that people might be interested in, had launched in January 2023.
Microsoft Passes Apple to Become Most Valuable Company
Microsoft's rise reflects its edge in artificial intelligence.
OpenAI Removes Ban on Military and Warfare-Related Uses of AI
The company updated a number of its usage policies on January 10.
Shein Registers With China Regulator for IPO Approval
The need for a sign off from China’s securities regulator could delay Shein’s IPO plans.
BlackRock to buy infrastructure investor GIP for $12.5 billion
The deal would mark a major move into private markets for BlackRock
JPMorgan Books Record Profits, Citigroup Flags 20,000 Job Cuts
JPMorgan’s profit rose 32% on 2022, leading a mixed bag of large bank earnings on Friday.
Al Gore, Ex-Boeing CFO to Leave Apple Board
A former CEO of the nonprofit Aerospace Corporation has been nominated to fill one of the board seats.
Amazon’s Entertainment Cuts Continue With 5% Audible Layoff
Audible, which Amazon acquired in 2008, attributed the cuts to an “increasingly challenging landscape” and said the division needed to get “leaner."
Alphabet Union Says Google Laid Off More Than 1,000 Employees
Wednesday's layoffs are the largest round of cuts at Google since last January.
Thoma Bravo-Owned MeridianLink Lays Off 9% Of Employees
The staff cuts follow a sharp slowdown in revenue growth for MeridianLink, which sells software to financial institutions like regional banks
Weekday mornings
The Information AM by The Information Staff
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