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

Apollo gives investors only 45% of requested withdrawals from billion private credit fund

Finance

Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund

March 23, 2026

Key Points Apollo’s $15 billion private credit fund received withdrawal requests equal to 11.2% of shares — more than double its 5% quarterly cap — and will return just 45 cents on the dollar to investors. Unlike rivals including Blackstone, which recently relaxed redemption limits to meet investor demand, Apollo is holding firm at the […]

Finance

Jeffrey Gundlach says it’s a ‘going nowhere’ market, warns of private credit strains

March 23, 2026

DoubleLine Capital CEO Jeffrey Gundlach said markets are stuck in a holding pattern with few assets delivering meaningful returns, as he warned that stresses emerging in private credit could deepen if investors rush for liquidity. “It’s kind of a going nowhere market right now, sort of trendless. Almost nothing is up. Nothing is really down […]

Finance

Stocks making the biggest moves midday: Palantir, Flutter, United Airlines, Synopsys, Insmed & more

March 23, 2026

Check out some of the companies making the biggest midday moves: Airlines — Delta Air Lines , United Airlines , Southwest Airlines and American Airlines surged roughly 4% after President Donald Trump said the U.S. wouldn’t strike key energy infrastructure in Iran for five days and said the two nations had held productive talks. Crude […]