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Morgan Stanley’s office in Canary Wharf financial district on Jan. 30, 2025 in London, UK.Mike Kemp | In Pictures | Getty ImagesMorgan Stanley will soon open a key wealth management funnel to artificial intelligence agents from thousands of corporations, CNBC has learned exclusively. It’s one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools. The move will allow clients’ autonomous agents to pull data and insights directly from the firm’s stock administration platforms, ShareWorks and Equity Edge, bypassing the traditional software interfaces built for human users, according to Mark Mitchell, chief product…

The disrupters have been disrupted.After decades of upending industries with their coding, software engineers are now the ones on the defensive.Developers saw their roles change drastically overnight after coding agents improved significantly late last year. Now there’s a full-on reckoning for a profession that’s historically more lucrative and stable than most, writes BI’s Hugh Langley for the first story in our new series, “The Great Coding Reset.”Not everyone is terrified of losing their job. Some engineers are finding themselves more productive than ever thanks to their AI copilots. Others are trying to learn soft skills they view as more AI-proof.The…

Jacob Van Naarden is busy. In addition to running Eli Lilly’s oncology business, he’s now responsible for finding the drugmaker’s next opportunities as head of business development. And Lilly, now the world’s largest pharmaceutical company, is hungrier than ever for deals. “The company’s financial strength right now, driven mostly by the weight loss business, is so strong,” Van Naarden said in an interview at the American Society of Clinical Oncology’s annual meeting. “We have this really like almost generational opportunity to redeploy that capital in all of our disease areas to not only fuel growth for the company in the decades to…

Macy’s posted its strongest fiscal first-quarter comparable sales performance in four years on Wednesday, as the legacy department store’s turnaround continues to show progress. Led by the 200 so-called reimagined stores Macy’s has upgraded, comparable sales grew 3% overall during the quarter and 1.6% at its namesake banner.  At Bloomingdale’s, comparable sales grew 10.2%, helped by an array of buzzy brands, a “fun factor” unique in the luxury landscape and the recent bankruptcy of rival Saks Fifth Avenue, CEO Tony Spring told CNBC in an interview. “Is the disruption in the marketplace helpful to us? Sure,” he said. “Is it the primary reason…

The FIRE movement—shorthand for financial independence, retire early—emphasizes aggressive saving and strategic investing to build a nest egg large enough to stop working well before the traditional retirement age. Oftentimes, participants save more than half their income to build seven-figure portfolios that will sustain them in early retirement.Andy Hill, a family finance coach who pursued traditional FIRE before pivoting to a more flexible version of the movement known as Coast FIRE, doesn’t think everyone needs to accumulate millions of dollars to achieve financial freedom.There’s a simpler, more sustainable path, the 44-year-old told Business Insider: “Coast FIRE, combined with FU money,…

Forget breaking glass. In case of an emergency, billionaires will be beelining for their backup country.Ultrawealthy Americans are increasingly securing a plan B (or C or D) by obtaining alternate citizenships and residence programs, be it as a hedge against another pandemic, a nuclear war, or geopolitical upheaval. Think of it as very expensive insurance or portfolio diversification.Peter Thiel is the latest example. The billionaire PayPal and Palantir cofounder temporarily relocated to Argentina, The New York Times reported last week.”It sounds melodramatic until you’ve sat through the off‑the‑record dinner conversations: nuclear escalation, AI going sideways, and generalized civil unrest in…

This as-told-to essay is based on a conversation with Abhijay Vuyyuru, a product manager at Google. He lives in San Francisco and is in his early 30s. The following has been edited for length and clarity.My goal was always to work in Big Tech, but the journey wasn’t easy — even with a Harvard degree.After earning my bachelor’s degree in India in 2017, I worked in data science and product manager roles in Europe until 2022, when I moved to the US to pursue an MBA at Harvard Business School.When I graduated from Harvard in 2024, I was pretty bummed.…

This as-told-to essay is based on a conversation with Jamila Robinson, the 52-year-old editor in chief of Bon Appétit and Epicurious, who is based in New York. It has been edited for length and clarity.I started my career at Detroit Free Press, and I’ve worked in media for over 30 years. I started at Bon Appétit in 2023 as editor in chief. Now, I run all things Bon Appétit, Epicurious, and La Cucina Italiana.We’re in the office four days a week, and I work from home on Fridays. Here’s a day in my life in NYC.I’m usually up around 6…

Sen. Mark Warner, D-Va., speaks at a news conference at the U.S. Capitol on Feb. 3 in Washington. Warner called on Tulsi Gabbard to testify in person after raising concerns about her presence at an FBI raid on a Georgia election office related to the 2020 election. Kevin Dietsch/Getty Images hide caption toggle caption Kevin Dietsch/Getty Images President Donald Trump’s decision to appoint Bill Pulte as acting director of national intelligence is drawing skepticism from Democrats, who question both his qualifications and the timing of the move. Sen. Mark Warner of Virginia, the top Democrat on the Senate Intelligence Committee,…

It was late January when Bill Law realized something had shifted in San Francisco’s real estate market. That month, the longtime tech worker and his wife submitted an offer on a $1.3 million home in the Sunset District, a west-side neighborhood that boasts good schools and easy access to both the ocean and Golden Gate Park. Hoping to stand out from the house-hunting scrum, the couple offered $300,000 above the asking price. They didn’t come close. The winning bid of $1.86 million easily eclipsed their offer.”I definitely feel the frustration in the real estate market,” Law tells me. “Since January,…