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Citadel’s Ken Griffin says he’s not convinced that AI will replace human jobs in the near future

Griffin, whose firm has been at the forefront of automation, said machine-learning tools have their limits when it comes to adapting to changes.

Published 1 July 2024
Categorised as Finance News

A new index is using AI tools to measure U.S. economic growth in a broader way

The Zeta Economic Index, launched Monday, uses generative artificial intelligence to analyze what its developers call “trillions of behavioral signals.”

Published 1 July 2024
Categorised as Finance News

Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more

These are the stocks posting the largest moves in midday trading.

Published 1 July 2024
Categorised as Finance News

Branding Chewy a meme stock is bad for the pet retailer, according to Wall Street analysts

Analysts said elevated volatility and potential meme status could hurt the retailer.

Published 1 July 2024
Categorised as Finance News

Is the U.S. stock market too ‘concentrated’? Here’s what to know

Just a handful of large U.S. companies account for a third of the S&P 500 stock index. Some experts fear investors are at risk.

Published 1 July 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Chewy, Birkenstock, GameStop and more

These are the stocks posting the largest moves in premarket trading.

Published 1 July 2024
Categorised as Finance News

Chewy shares rally 20% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake

The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.

Published 1 July 2024
Categorised as Finance News

Millennials are ‘very ill-prepared’ to be the richest generation in history, wealth manager says

Millennials are purportedly poised to be the wealthiest generation in history, but are they ready to handle the vast inflow of money?

Published 1 July 2024
Categorised as Finance News

Morgan Stanley says this is the stock to play China’s EV industry consolidation

The firm has resumed coverage of a Chinese automaker with an overweight rating on expectations it can weather macro and industry uncertainties.

Published 30 June 2024
Categorised as Finance News

Growth, value stocks could see boost from Russell rebalancing

This key market event could help boost growth and value stocks. Here’s why.

Published 29 June 2024
Categorised as Finance News

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