Morgan Stanley to Launch AI Chatbot to Woo Wealthy

NEW YORK, Sept 7 Reuters Wealthy clients going to a Morgan Stanley financial adviser to discuss their investments may have a different sort of experience in the future having a chatbot listen to their conversation. After testing it with 1,000 financial advisers for some months, the bank will roll out a generative artificial intelligence bot […]
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UAW Makes Contract Counteroffer to Ford; Stellantis to Make Offer

Reuters The United Auto Workers UAW union on Wednesday made a labor contract counterproposal on economic issues to Ford Motor, while Chrysler parent company Stellantis planned its counteroffer this week. Talks are heating up ahead of the expiration on Sept. 14 of the current fouryear labor agreements covering 146,000 workers at the Detroit Three automakers. The […]
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Chinas Trade Slump Narrows as Stabilisation Signs Emerge

BEIJING, Sept 7 Reuters China39;s exports and imports extended declines in August as the twin pressures of sagging overseas demand and weak consumer spending at home squeezed businesses in the world39;s secondlargest economy, although the falls were slower than expected. While the trade numbers follow a run of other indicators showing a possible stabilisation in […]
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US Jobless Claims Hit Lowest Level since February

Sept 7 Reuters The number of Americans seeking jobless benefits for the first time fell unexpectedly last week to the lowest level since February, pointing to a U.S. job market that remains relatively tight even as other recent data indicate it has begun to soften. Initial claims for state unemployment benefits fell 13,000 to 216,000 […]
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BlackBerry Expects to Report Drop in Quarterly Revenue, Shares Dive

Reuters BlackBerry forecast a 21.4 decline in its secondquarter revenue due to weakness in the Canadian technology company39;s cybersecurity segment, sending its U.S.listed shares nearly 10 lower in extended trading on Wednesday. In its preliminary results announcement for the quarter, the company said it expects revenue of about 132 million, compared with 168 million last year. […]
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Tobacco Firm BAT Sells Russian Business to Local Management

BAT committed to sell Russia unit in March 2022 Assets sold to consortium for undisclosed sum Some rivals remain active in world39;s No.4 tobacco market BAT says confident in FY outlook, staff protected LONDON, Sept 7 Reuters British American Tobacco said on Thursday it would sell its Russian and Belarusian businesses to a consortium led by […]
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American Eagle Outfitters Lifts Revenue Forecast on Steady Demand

Sept 6 Reuters American Eagle Outfitters on Wednesday joined rival Abercrombie Fitch in raising its annual revenue forecast, betting on steady demand for its widelegged pants, tops and accessories despite stillhigh inflation. Its shares fell about 3 in extended trading, after the company reported secondquarter revenue in line with expectations. The stock has gained more than 45 […]
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