AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division

Key Points

Morgan Stanley is expanding the use of OpenAI-powered generative AI tools to its vaunted investment banking and trading division, CNBC has learned.
The firm began testing a version of an AI assistant based on OpenAI’s ChatGPT, called AskResearchGPT, this summer in its institutional securities group, according to Katy Huberty, Morgan Stanley’s global director of research.
Employees have been using it instead of getting on the phone or lobbing an email to the research department, Huberty said.

Source

Finance

Goldman Sachs makes big bet on ETFs specializing in downside protection

December 13, 2025

ETF Edge Goldman Sachs makes big bet on ETFs specializing in downside protection Published Sat, Dec 13 202511:00 AM EST Blair Bao WATCH LIVE Source

Finance

Hassett Fed chair odds fall, Warsh chances surge on Kalshi after Trump comments

December 12, 2025

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, US, on Friday, April 25, 2025. Tierney L. Cross | Bloomberg | Getty Images Prediction markets swung sharply Friday after President Donald Trump said Kevin Warsh has risen […]

Finance

Stocks making the biggest moves midday: Tilray Brands, Allegiant Travel, Broadcom & more

December 12, 2025

Check out the companies making the biggest moves midday: Quanex Building Products — The building products maker jumped 9% after the company posted better-than-expected earnings for its fiscal fourth quarter. Quanex reported adjusted earnings of 83 cents per share on revenue of $789.8 million. Analysts polled by FactSet expected a profit of 52 cents per share on […]