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AI Is Giving Financial Advice and Getting a Lot of It Wrong
Before you ask ChatGPT what to do with retirement savings, you may want to read the “Artificial Authority” report by financial-services company Saturn.
Read MorePrivate Credit Defaults Are Rising, But No One Can Agree on How Much
Private credit is showing signs of stress. The problem is, depending on which measure you use, the default rate could be less than 1%, 6.3%, or as high as 19%
Read MoreThe SEC is Opening the Door to Trading Traditional Stocks on the Blockchain
The SEC announced a new five-year “Innovation Exemption,” which will allow approved platforms to facilitate trading in “tokenized” US-listed stocks.
Read MoreThe Job Market Is Looking Great– For Americans Who Don’t Have College Degrees
Younger Americans without college degrees are experiencing one of their strongest job markets in decades, as young college graduates are facing weakest.
Read MoreAre “Acqui-Hires” Helping Big Tech Sidestep Antitrust Scrutiny?
The Justice Department is investigating whether Nvidia’s deal with AI chipmaker Groq was structured to avoid antitrust scrutiny that comes with a merger
Read MoreAI’s Biggest Leaders Think the Race Is Moving Too Fast
The race to build increasingly powerful AI has become so intense that some of the people leading it are now calling for everyone to slow down.
Read MoreThe US Job Market Is Giving Us Whiplash
The US job market delivered a surprisingly strong August. Employers added far more jobs than economists expected. Is the labor market booming?
Read MoreMeta Wants Its Rivals to Follow Its New Teen Safety Rules
Fresh from its settlement over alleged harm to young social media users, Meta is now turning up the pressure on its biggest rivals.
Read MoreGoogle May Have Lost Its Ad Tech Monopoly Case, But Big Tech Ultimately Won.
Google was found to have illegally monopolized online ad tech. A federal judge ruled Google won’t have to break up its ad tech business.
Read MoreCorporate Profits Are Booming. Can the Good Times Last?
Corporate America is having a very good year. S&P 500 earnings per share jumped 53% in Q2 from a year earlier, while sales rose nearly 16%, according to LSEG data.
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