Wall Street Hiring Dilemma: AI Can Model-but Can't Make-the Next Rainmaker
Executives are reluctant to slash jobs, with rainmakers often starting out as junior bankers performing rote tasks. | Technology News
Goldman Sachs and Morgan Stanley are forming separate teams for OpenAI and Anthropic IPOs to enforce information barriers. This validates foundation models as mature tech platforms, signaling a shift in capital allocation toward AI infrastructure investors.
Fed Holds Rates Steady, But More Officials See Higher Rates as Next Move
Fed Holds Rates Steady, but More Officials See Higher Rates as Next Move
BOE Leaves Rates Unchanged, Signals Caution on Hormuz Opening
Even More Investors Want Out of Private Credit