The four largest U.S. banks gave downbeat economic outlooks for 2023, even as their fourth-quarter results topped analysts’ expectations on Friday. JPMorgan Chase & Co. said it expects a “mild recession” this year while Bank of America, Citigroup and Wells Fargo all mentioned deteriorating economic conditions. Each bank beat analysts’ predictions for fourth-quarter results. JPMorgan’s...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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