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Citadel’s Ken Griffin says he's not convinced that AI will replace human jobs in the near future

Griffin, whose firm has been at the forefront of automation, said machine-learning tools have their limits when it comes to adapting to changes.

Is the U.S. stock market too ‘concentrated’? Here’s what to know

Just about a handful of large U.S. companies account for a third of the S&P 500 stock index. Some experts fear investors are at risk.

Chewy shares rally 20% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake

The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.

Growth, value stocks could see boost from Russell rebalancing

This key market event could help boost growth and value stocks. Here’s why.

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve this week.

Warren Buffett gives away another $5.3 billion, says his children will manage his estate

Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities.

Apple's Vision Pro starts deliveries at a higher price in China than in the U.S.

Apple's mixed-reality headset began deliveries in China on Friday with a retail price 18% higher than in the U.S. 

Chinese smartphone maker Honor says AI's power is 'worthless' without data privacy

The transforming power of artificial intelligence is of no value unless user data is protected, says the CEO of Chinese smartphone company Honor, George Zhao.

IMF says Fed should hold interest rates where they are until 'at least' end of year

IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until 'at least' the second half of the year.

Chewy stock pops 34% after Roaring Kitty posts a dog picture, then gives it all back

Shares of the online pet food retailer saw a big roundtrip after Roaring Kitty posted a picture on social media platform X resembling its logo.

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed's results.

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

This year's stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders such as Truist.
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