Chicago Fed President Goolsbee says recent reports show inflation is moving in the right direction
The latest batch of economic data shows positive developments on the inflation front, but the Federal Reserve’s job is not…
Wells Fargo’s first-quarter profit and revenue top the Street
Wells Fargo reported growing profits Friday as the bank benefited from higher interest rates, despite building up loan loss reserves.…
Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation
European Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month’s banking turmoil, but…
JPMorgan Chase posts record revenue on higher interest rates; shares jump 7%
JPMorgan Chase posted record first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from…
Bloomberg plans to integrate GPT-style A.I. into its terminal
Bloomberg LP has developed an AI model using the same underlying technology as OpenAI’s GPT, and plans to integrate it…
ChatGPT may be able to predict stock movements, finance professor shows
Alejandro Lopez-Lira, a finance professor at the University of Florida, says that large language models may be useful when forecasting…
JPMorgan wealth CEO Erdoes says bank knew of Epstein sex accusations in 2006, USVI alleges
JPMorgan Chase was aware in 2006 of accusations that disgraced former financier Jeffrey Epstein paid to have underaged girls brought…
Warren Buffett says he doesn’t understand A.I. but he asked ChatGPT to write a song in Spanish
Legendary value investor Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he…
Warren Buffett says we’re not through with bank failures
Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be…
