TOPIC

Chegg shares tank on CEO’s AI warning

Shares of Chegg Inc. are lower on Tuesday after chief executive Dan Rosensweig said OpenAI's ChatGPT technology interfered with new customer growth at the company.

Morgan Stanley plans to cut 3K jobs: Report

Morgan Stanley is looking to trim its workforce by 3,000 workers amid an uncertain economic environment that's caused a slowdown in deal making across Wall Street.

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.