AJ Bell
Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
Walt Disney named Morgan Stanley veteran James Gorman as chair and said it would announce a replacement for CEO Bob Iger in early 2026.
Asset Managers
Robinhood launches desktop platform, adds futures and index options trading to app
Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday.
automation
Over 45 Container Ships Stalled Outside U.S. Ports As ILA Strike Enters Third Day
At least 45 container vessels were anchored outside U.S. ports on Thursday as a massive strike by dockworkers stretching from Maine all the way to Texas entered its third day.
$160
U.S. Economy Added 142K Jobs In August, Falling Below Expectations
The latest job growth report showed that job additions in August increased but missed economists’ estimates, with the unemployment rate staying nearly the same.
Artificial Intelligence
Intel board member quit after differences over chipmaker’s revival plan
The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the U.S. company’s bloated workforce.
autonomy
Report: 2 Bodies Recovered From Sunken Bayesian Superyacht
Two bodies have been found inside the wreckage of the Bayesian superyacht as divers continue to look for four others who have been confirmed missing since the massive yacht sank off the coast of Italy on Monday.
Bank of America
Exclusive: Fed may tweak rule that could save biggest US banks billions
At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”
Bank of America
Big US banks expected to be cautious on shareholder payouts
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks.
asset classes
What to expect in 2024: Forecasts for GDP, inflation and other assets
Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this year.
AI
Microsoft set for AI-powered revenue surge as stock pulls ahead
January 29, 2024 – 6:18 AM PST (Reuters) – Microsoft (MSFT.O) is expected to report a 15.8% jump in quarterly revenue, its best growth…