Fed’s Rate Cut Effect: Stock Market Surge to New High
On Wednesday, the US Federal Reserve cut its interest rate by 0.5%, marking the biggest rate cut in the last four years. This decision’s ripple effect was seen worldwide as the Asian market also witnessed a surge. Similarly, the rate cuts have also affected the US stock market. Wall Street reached its all-time high after…
John David
Morgan Stanley Promotes Jeff McMillan As A Head Of AI
According to a CNBC report, Morgan Stanley, a global financial services firm, has promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide Artificial Intelligence. The firm is promoting Jeff McMillan, a veteran of a New York-based Bank, to aid in implementing AI across its functions, per the…