Finance

Big banks are talking up generative A.I. — but the risks mean they’re not diving in headfirst

AMSTERDAM, Netherlands — Major banks and fintech companies claim to be piling into generative artificial intelligence as the hype surrounding the…

Stocks making the biggest moves midday: Carnival, Nasdaq, Oracle, KeyCorp and more

Check out the companies making the biggest moves midday. Carnival — The stock rallied 12.45% after it was upgraded by…

The rich often misjudge the potency of their retirement savings, report finds

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others,…

Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub

LONDON — Andreessen Horowitz is opening its first office outside of the U.S. in London, the venture capital firm announced…

Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate

Goldman Sachs CEO David Solomon said Monday that his bank will disclose markdowns on commercial real estate holdings as the…

Stocks making the biggest moves before the bell: Nasdaq, Illumina, Oracle, Carnival and more

Check out the companies making headlines in premarket trading. Nasdaq — The exchange operator’s shares dropped 7.7% following the announcement…

HSBC builds innovation division from the bones of collapsed SVB UK

U.K. banking titan HSBC unveiled a new HSBC Innovation Banking unit Monday, as it seeks to push into the technology…