Musk co-founded ChatGPT’s creator OpenAI in 2015, but left the company in 2018 over a ‘potential future conflict’ as CEO of Tesla.
The Fed: Fed’s Goolsbee says this is a ‘strange and unprecedented moment’ for U.S. economy
New Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said this was a ‘strange and difficult moment’ for the U.S. economy.
: Target expects more retail price-cutting this year — and plans to sell more lower-priced items
Target Corp. on Tuesday said it would roll out more private-label products and other less-expensive goods this year.
Crypto: FTX co-founder Nishad Singh reportedly pleads guilty to criminal charges; faces civil charges by SEC, CFTC
Nishad Singh, co-founder and former head of engineering at bankrupt crypto exchange FTX, reportedly pleaded guilty to six criminal charges.
Key Words: After pandemic chaos, Norwegian Cruise Line CEO says consumers still ‘willing to spend on travel’
Norwegian Cruise Line Holdings Ltd.’s affluent customers are ‘financially healthy,’ says CEO Frank Del Rio.
ETF Wrap: ‘Curious’ outflows from broad industrial ETFs seen as ‘contrarian bullish’ as aerospace and defense funds attract investors
Investors snub exchange-traded funds broadly focused on the industrial sector, but it’s an area of the stock market that recently has done relatively well on an equal-weighted measure, according to Strategas.
Earnings Results: Target will keep stock buybacks on hold until cash flow, debt metrics improve
Target said it will continue to hold off on stock buybacks in the ‘near term,’ until cash generation improves.
The Tell: Goldman Sachs CEO says managing money for the rich now the bank’s best opportunity for growth
Goldman Sachs CEO David Solomon said Tuesday that the investment bank plans to focus on growing its wealth and asset-management businesses to help preserve its dominance on Wall Street.
The Tell: Want proof 2023 stock-market rally is speculative froth? Look at bitcoin, says investment firm.
Some argue the stock market’s early 2023 gains reflect a fundamental shift in leadership. Bitcoin’s gains say otherwise, say analysts at Richard Bernstein Advisors.
The Margin: No more Samoas? Some popular Girl Scout cookies are harder to find this year.
Some troops say there are limited supplies of the popular Samoas cookie along with other varieties.