News

Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%

Payments giant Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions.

Jeffrey Gundlach says all the 'Goldilocks' talk makes him nervous, thinks recession is still likely

DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a "Goldilocks" scenario benefiting risk assets.

Fed holds rates steady, indicates it is not ready to start cutting

The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in December.

You hear the market expects six Fed rate cuts this year — here's where that data comes from

When you hear about the number of Federal Reserve interest rate cuts being priced into the market, the data comes from the CME FedWatch tool.

Bank of England could be about to open the door to interest rate cuts

The Bank of England is expected to hold interest rates at 5.25% on Thursday, but markets will be closely watching voting patterns, projections and language.

Former UK finance minister joins Coinbase crypto exchange as an advisor

Coinbase said Wednesday that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company as a global advisor.

U.S.-China fentanyl talks get off to a 'productive' start, security advisor says

The U.S. and China had a "productive" first day of fentanyl talks, Jennifer Daskal, a deputy homeland security advisor, told NBC News' Janis Mackey Frayer.

A change to this one clause could be the most important part of the Fed meeting

The central bank is expected give an important hint about interest rate moves to come by removing wording from previous statements.

New York sues Citibank for alleged failure to reimburse fraud victims

The attorney general's office said the alleged failure cost victims millions in dollars.

IMF upgrades global growth forecast, citing U.S. resilience and policy support in China

The International Monetary Fund sees a reduced likelihood of a so-called "hard landing," with inflation falling faster than expected.

Stocks are the 'asset class of choice' as markets are now used to bad news, strategist says

Stocks are still the "asset class of choice" even as geopolitical risks mount, says Beat Wittmann, partner at Porta Advisors.
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