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Citadel’s Ken Griffin says the A.I. community is making a mistake by creating so much hype

Ken Griffin, founder and CEO of Citadel, said Tuesday that the hype around artificial intelligence could be overblown at this stage.

Published 7 June 2023
Categorised as Finance News

Millionaires favor DeSantis in Republican presidential primary, but support for Trump grows

Republican millionaires are souring on Gov. Ron DeSantis and more often supporting Donald Trump, a sign of possible shifting winds among donors.

Published 7 June 2023
Categorised as Finance News

Millionaires are hoarding cash, betting on higher rates, CNBC survey says

Wealthy investors are still cautious on the stock market, but not as bearish as they were at the start of the year.

Published 7 June 2023
Categorised as Finance News

HSBC says rebranded Silicon Valley Bank UK will maintain startup focus while targeting global growth

Silicon Valley Bank UK will continue to serve startup businesses from “seed funding to IPO” after its takeover, the CEO of HSBC UK told CNBC.

Published 7 June 2023
Categorised as Finance News

China’s exports plunge by 7.5% in May, far more than expected

China’s exports fell in May for the first time since February, customs data showed Wednesday.

Published 7 June 2023
Categorised as Finance News

Binance U.S. clients have $2.2 billion ‘at significant risk’ after crypto exchange charged, SEC says

The latest filing from the SEC described founder Changpeng Zhao as a “foreign national” with open “disdain” for U.S. authority and law.

Published 7 June 2023
Categorised as Finance News

Apple shares inch lower after analyst downgrade. Here’s how to play the stock

Pros on CNBC discussed what they think about Apple as the company rides the hype from the unveiling of its mixed-reality headset.

Published 6 June 2023
Categorised as Finance News

Meredith Whitney is back. Here’s her latest market call

“People are sitting on big piggy banks and they’re not sweating it,” Whitney told CNBC.

Published 6 June 2023
Categorised as Finance News

World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress

Growth forecasts for advanced economies project just 0.7% increase this year, down from 2.6% estimated growth in 2022.

Published 6 June 2023
Categorised as Finance News

These lesser-known tax tips may help college-bound families

College is a major expense for many families, but a payment strategy can provide significant tax savings, according to a college funding expert.

Published 6 June 2023
Categorised as Finance News

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