‘Not just a fad’: Firm launches fund designed to capitalize on A.I. boom
A major ETF firm provider is betting the artificial intelligence boom is just starting. Roundhill Investments launched the Generative AI…
Here’s where the jobs are for May 2023 — in one chart
The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments…
‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for…
Paramount pops after Buffett’s favorite banker makes ‘interesting’ bet in media giant’s key shareholder
Paramount Global shares jumped nearly 6% on Friday after an investor known as Warren Buffett’s favorite banker piled into the…
JPMorgan Chase cut about 500 jobs this week, including technology and operations roles
JPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of…
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
The market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but…
Goldman Sachs is cutting jobs again amid Wall Street deals slump
Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…
Carl Icahn’s company stock falls 15% after prosecutors seek financial information
Icahn Enterprises, Carl Icahn’s conglomerate, saw its stock drop again Wednesday after a disclosure showed federal investigators are seeking information…
