Breaking News: Markets

GPT and other AI models can’t analyze an SEC filing, researchers find

Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities…

Swiss regulator calls for more powers after Credit Suisse collapse

Switzerland’s financial regulator on Tuesday called for greater legal powers and vowed to adapts its approach in the wake of…

SoftBank-backed metaverse firm Improbable sells a key gaming venture for $97 million

Metaverse company Improbable has sold one of its key gaming ventures to London-listed video game developer Keywords Studios for £76.5…

Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…

This ETF offering could become next year’s hot product

BNY Mellon’s global head of ETFs suggests exchange-traded funds using options overlays could become next year’s hot product. “We are…

Citigroup employees, on edge over layoffs, told they can work remotely until the new year

Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.…