Author: Daniel snow

[ad_1] Wall Street isn’t immune from the plot line that has generative AI resulting in wholesale knowledge worker replacement. A new tool from AlphaSense, called Deep Research, won’t provide any comfort.The generative AI agent functions like a team of analysts operating at what AlphaSense calls “superhuman speed,” generating research and market insights, and building investment-grade briefings.But Jack Kokko, AlphaSense CEO and a former Morgan Stanley analyst and Wharton School MBA, isn’t worried about the job outlook for Wall Street professionals.”It’s a popular narrative,” Kokko told CNBC of the job replacement fears during an interview on “The Exchange” on Tuesday after…

[ad_1] Fintech startup Bolt partnered with Palantir for a new AI-powered online checkout solution. [ad_2] Source link

[ad_1] A Starbucks store is shown in Encinitas, California, on Feb. 24, 2025.Mike Blake | ReutersStarbucks plans to roll out a generative artificial intelligence assistant created with Microsoft Azure’s OpenAI platform to 35 locations this month as part of its strategy to simplify baristas’ jobs and speed up service in its cafes.The coffee chain showed off the new technology to more than 14,000 North American store managers at its Leadership Experience in Las Vegas on Tuesday. A broad launch of the “Green Dot Assist” platform across the U.S. and Canada is slated for the company’s fiscal 2026, which starts in…

[ad_1] Megacap stocks in the S&P 500 have seen mixed performance so far this year, but their shares are outperforming the index’s smallest companies, according to Bespoke Investment Group. [ad_2] Source link

[ad_1] A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, U.S., April 9, 2025. Steve Nesius | ReutersUnited Launch Alliance said Tuesday it was pushing back the second flight carrying Amazon’s Project Kuiper internet satellites due to “multiple weather delays during launch processing.”The launch from Florida’s Space Coast was originally slated for Friday afternoon, but it’s now scheduled to take place on June 16, at 1:25 p.m. ET, ULA said…

[ad_1] Klarna CEO Sebastian Siemiatkowski has already used AI to do the work of 700 people at his company, but also had to recruit human workers to perform some high-function jobs. Welcome to the AI future. [ad_2] Source link

[ad_1] Food distributor says it is still assessing the impact of unauthorized access to its IT systems. [ad_2] Source link

[ad_1] Walt Disney taking full ownership of streaming platform Hulu could unlock a new level of growth for the entertainment giant, according to CEO Bob Iger. He has a compelling case. In an interview Tuesday on CNBC, Iger said Disney buying all of Hulu is “the first big step in the direction of turning this into a real growth business for the company.” Shares of Disney advanced roughly 3.5%, reaching a 52-week high of $120 apiece. The stock is up nearly 7% year to date when including Tuesday’s gains. Disney is now set to finalize its acquisition of NBCUniversal’s 33%…

[ad_1] A new study defines a quarter of working age Americans as ‘functionally unemployed,’ despite the government’s figure of 4.2 percent. [ad_2] Source link

[ad_1] Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 was higher in afternoon trading, as Wall Street patiently awaits any updates on the second day of U.S.-China trade talks in London. Earlier, we heard from Commerce Secretary Howard Lutnick that the talks were “going well.” But beyond that, updates have been sparse. Deals on tap?: There’s more growth ahead for Wells Fargo’s investment banking business now that the firm’s $1.95 trillion asset cap…