Wall

In his two decades as a Wall Street tailor, Michael Andrews learned to ignore clients who said they planned to get in shape. He only took them seriously when their weddings were approaching.Over the past two years, however, many of his regulars — investment bankers, private equity executives, and the…

Wall Street had very different reactions to two of Big Tech’s biggest spenders after quarterly earnings reports came out on Wednesday.Both Meta and Microsoft reported higher-than-expected capex. While both companies beat revenue expectations, Microsoft’s stock sank more than 6% after-hours, while Meta’s stock jumped as high as 9%.Big Tech’s spending…

For all the hand-wringing about what AI will do to the white-collar workforce, the technology might not be impressive enough to replace the core work done in the finance industry yet, but Wall Street pros say it definitely has its uses. “If you’re doing it for self-education, it’s one thing, but…