News

Here's why September and October are historically weak for stocks

'The most intense panics on Wall Street have tended to occur during the late summer and early autumn months,' an advisor and author says.

China's AI models lag their U.S. counterparts by 6 to 9 months, says former head of Google China

Chinese artificial intelligence models may be at least half a year behind those made in the U.S., said Kai-Fu Lee, former head of Google China.

JPMorgan Chase shares drop 7% after bank tempers guidance on interest income and expenses

JPMorgan Chase shares plummeted after the bank said expectations for net interest income next year were too high.

Federal Reserve unveils toned-down banking regulations in victory for Wall Street

Bank CEOs led by JPMorgan Chase CEO Jamie Dimon have lambasted the proposed Basel Endgame regulation since it was unveiled last year.

It's not always 'a sexy thing' to be a millionaire, former NFL linebacker Brandon Copeland says. Here's why

Brandon Copeland is a former NFL player turned financial coach. He wrote a new book that serves as a personal finance "playbook."

Britain does a bad job at keeping globally relevant tech firms, former Arm CEO says

Warren East, who led Arm between 1994 and 2013, said that too often tech firms in Britain move their operations overseas or list elsewhere abroad.

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business.

Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says

The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst suggested Monday.

Huawei's tri-fold phone gets 2.7 million pre-orders ahead of Apple's iPhone 16 launch

Huawei has received more than 2.7 million pre-orders for its new, tri-fold smartphone, according to its website Monday.

China's CPI climbs 0.6% in August, missing expectations as transport, home goods prices fall

China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations.

Why the father of 'life planning' says you're managing money the wrong way

George Kinder, recognized as the founder of financial life planning, thinks consumers are shortchanging themselves by putting off goals until retirement age.

ETFs are on pace to break record annual inflows, but this wild card could change it all

ETF inflows could rise as investors begin to search for other opportunities outside of money market funds.
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