Wall Street’s Ol’ Reliable

THE PROFITS💸

• Wall Street’s Ol’ Reliable

• Zoom’s New Approach

• Tech Impacts the S&P 500

Read Time: 2.5 mins

THE BIG PROFITS💸
Wall Street’s Ol’ Reliable
The way investments are handled on Wall Streets.

Zoom’s New Approach
Zoom wants you to get off of zoom (briefly).

Tech Impacts the S&P 500
MAMA is set to experience gains this week.

Wall Street

Wall Streets Ol’ Reliable

At PGIM Quantitative Solutions, George N. Patterson leads a team of physicists to use advanced math and science to manage investments.

They create portfolios for clients by analyzing large amounts of data, aiming to balance risk and return.

The team uses complex tools but stays practical, only using methods they understand.

They handle $102 billion, adjusting their strategies daily to meet the specific needs of each client.

Zoom

Zoom’s New Approach after their Drop in Stock

Zoom is developing a tool that uses machine learning to help workers balance their schedules by reminding them to take breaks for activities like exercise or family time.

This tool can integrate with third-party apps and will learn user preferences to offer personalized recommendations over time.

Zoom aims to stay relevant in the competitive market, especially as its stock has fallen significantly since its peak during the pandemic.

The company is focusing on AI-powered features, including a digital twin that could attend meetings on behalf of employees, to enhance productivity and reduce busy work.

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THE DAILY ADVANTAGE

Onsemi’s Stock: Onsemi's stock surged over 13% after it reported better-than-expected second-quarter revenue and highlighted gains in the automotive sector, along with a new supply agreement with Volkswagen.

Apple AI Delays: Apple may delay the release of its new AI features until October, a few weeks after the initial iOS 18 and iPadOS 18 updates in September, to allow time for bug fixes.

McDonalds: McDonald's second-quarter earnings missed analysts' estimates as lower foot traffic and rising prices led to a decline in comparable store sales.

Tech Impacts the S&P 500: Earnings reports from major tech companies this week could significantly impact the volatile stock market, especially following last week's tech sector correction and ongoing concerns about AI-related spending.