Morgan Stanley is getting into the “robo-advice” business, where software manages funds instead of people. The service, Access Investing, is aimed at younger investors, and helps them put their money with the businesses they’re most interested in.
“Forty percent of our clients have chosen to invest in a theme, and the most popular ones [are] robotics and artificial intelligence,” Naureen Hassan, Chief Digital Officer for Wealth Management at Morgan Stanley, told Cheddar.
The financial firm rolled out its Access Investing division, which focuses on advising clients online, in December. Hassan says that her team has seen a lot of engagement with from people 45 and under.
Robo-advisers, or digital investment portfolios, are not very new. The field has competitors, such as Betterment or Wealthfront, that have been making strides in the sector.
But Morgan Stanley says it’s betting on its legacy to differentiate itself in the industry.
“We think it’s the Morgan Stanley investing expertise that really differentiates it,” Hassan said. “That’s why we are offering clients choice, it just isn’t only a passive portfolio, we believe in a mix of assets.”
"This is our way of clearly explaining, publicly, how we enforce these rules" around hate speech or harassment, says Monika Bickert, the social network's VP of Global Policy Management. Facebook has repeatedly come under fire for how it decides which content violates its policies and needs to be pulled down. Now, it is making its guidelines public for the first time and will allow users to appeal their decisions.
Facebook consults experts and organizations to determine whether or not content on its site violates policy and should be removed, says Monika Bickert, the company's VP of Global Policy Management. The social media network has repeatedly come under fire for those decisions. Now, in a bid to increase transparency, Facebook is making its guidelines public for the first time and will let users appeal their decisions.
Gmail is getting a makeover. On Wednesday, Google introduced a redesign of its hugely popular email platform. The new features include confidentiality mode and smart reply. Google is rolling out the update starting today, but it won't be immediately available to all 1.4 billion users worldwide.
Twitter reported earnings before the bell Wednesday, beating expectations on earnings and revenue. This marks the second profitable quarter in a row for the social media company. Cheddar senior reporter Alex Heath joins Kristen Scholer and Tim Stenovec to discuss what's in store for the rest of the year.
And we talk to comedian Rob Schneider about his Netflix show, "Real Rob." The show is loosely based on Schneider's life. He says the dynamic between him and his wife on the show is similar to Lucy and Ricky from "I Love Lucy." He also tells us what stocks he's most excited about.
A culture shift at the company has pushed Microsoft to stop competing with Apple and work with them instead. "That's just a natural thing for us to do," says Chris Capossela, Chief Marketing Officer at Microsoft.
A total of 72,000 gamers qualified for the 17-week long video game competition, and only 102 -- "the elite of the elite" -- made the final cut, says Brendan Donohue, managing director of the League.
The former Miss Universe says her social media content has been stolen in the past. "You have to be really careful," Culpo told Cheddar.
The company provides accountants with tools to automate a lot of processes so they can focus on a "much higher value activity," says Mark Huffman, COO of the software company.
Facebook released new details Tuesday regarding how it patrols content posted on its platform. In the 8,500-word document, Facebook disclosed what content it deems appropriate and what it considers offensive, covering everything from sex to drug use to hate speech. The social media company is also changing the way it handles cases of potentially offensive content.
We also dig into the latest quarterly earnings report from Google's parent company, Alphabet. The company beat expectations on earnings and revenue, thanks to strong ad growth. It's Alphabet's best earnings report since 2009.
And Cheddar's Hope King sits down with fashion icon Rachel Zoe at Suiteworld 18 in Las Vegas. Zoe talks about how she's grown her businesses over the years and how important social media is to her brand. Zoe is best known for her clothing line and Instagram series, "Real Life With Rachel Zoe."
Kristen Scholer and Tim Stenovec unpack Google's strong earnings report. Alphabet, Google's parent company, beat expectations on earnings and revenue. It was the company's best quarterly earnings report since 2009.
Facebook released detailed information on Tuesday regarding how it polices content on the site. The comprehensive new guidelines outline what users should and shouldn't post, covering topics from drug use to hate speech to sex. Facebook is also changing the way it responds to cases of potentially offensive content.
Despite a strong earnings report, Alphabet's stock dropped on Tuesday, as investors worry about looming privacy regulations. But actual regulation may not ultimately have any significant impact on the company, say two analysts.
