The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries.
Category: Finance News
This week provided a reminder that inflation isn’t going away anytime soon
Price pressures increasing at a faster-than-expected pace raised concern that inflation could be more durable than anticipated.
‘Dollars up, donors down’: More charity money is coming from the ultra-wealthy
Charitable donations are becoming hyper-concentrated among a small group of ultra-wealthy mega-donors.
Stocks making the biggest moves midday: Dick’s Sporting Goods, Lennar, Robinhood and more
These are the stocks posting the largest moves in midday trading.
Mega Millions sixth-largest jackpot hits $792 million—how much you’d actually take home in every U.S. state
Mega Millions’ jackpot is approaching a billion dollars, but the actual amount you’d take home will be much less than that.
HSBC is ‘very positive’ about the future of China’s economy, CFO says
HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite the current headwinds, the British bank’s chief financial officer told CNBC on Thursday.
Tracy Britt Cool, who worked for Warren Buffett for 10 years, is making her name in midsized firms
Tracy Britt Cool, who worked closely with Buffett for a decade, is building a close-knit community for smaller businesses.
‘Take the emotion out of investing’ during a presidential election year, strategist says. What to do instead
Trying to time the stock market during a presidential election year could cost investors. Here’s how to stay the course.
Here’s when the Fed is likely to start cutting interest rates, according to investment strategists
The U.S. central bank will likely reduce its benchmark interest rate by 0.75 percentage points to 1 point this year and achieve a “soft landing,” experts said.
Wholesale inflation rose 0.6% in February, more than expected
The producer price index for February was expected to increase 0.3%, according to the Dow Jones consensus estimate.