The following news items are the most crucial for investors to know as they begin their trading day:
A difficult August
Wall Street had a profitable day on Monday to start the week. The Dow closed more than 200 points higher, up around 0.6%, while the S&P 500 and Nasdaq Composite both saw gains of 0.6% and 0.8%. But stocks had a difficult August, and all three indexes appear headed for monthly declines.
2. Make (AI) open to business
A new commercial tier for OpenAI’s chatbot with artificial intelligence is now available. Since announcing ChatGPT’s debut, this launch has been the biggest for the company. According to OpenAI, more than 20 businesses of various sizes and sectors contributed to the tool’s development, including beta users Block, Canva, and Estée Lauder Cos.
3. Goldman leaves
Another company that was earlier praised by CEO David Solomon is being sold by Goldman Sachs. The bank said on Monday that it would sell its personal financial management division to a rival company called Creative Planning while withholding the details of the deal’s price. In May 2019, Goldman paid $750 million for a group of approximately 220 financial advisors who are responsible for $25 billion in assets.
Data from Google Maps
Google intends to grant a number of other businesses licences to use some of its mapping data. According to CNBC’s Jennifer Elias, Google has information on more than 350 million buildings, as well as statistics on solar and energy use and air quality.
Utility liability 5.
Electric companies in the US are increasingly being sued for allegedly being at responsible for large fires that have claimed hundreds of lives and caused billions of dollars in damages as infrastructure ages. The most recent is Hawaiian Electric. After a wildfire in Maui, Hawaii, claimed more than 100 lives and devastated the town of Lahaina, lawsuits assert that the defendant failed to prepare for adverse weather.
Source (CNBC)
