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Latest News & Web Pages
How AI is delivering tangible benefits during tax season
3+ hour, 54+ min ago (427+ words) The shoebox full of receipts is dead. Long live the agentic data extraction engine. Before AI, staff could spend hours chasing irrelevant sources, going down unproductive research paths, and asking senior colleagues for help. Allison Stevens, tax partner at Copeland…...
David Einhorn signals caution as his hedge fund Greenlight prioritizes capital protection
3+ hour, 44+ min ago (323+ words) Hedge fund manager David Einhorn said he is focusing on capital protection as markets rally on geopolitical optimism, warning that investors may be underestimating potential downside risks. "It probably won't surprise anyone that we are again putting capital preservation at…...
Jamie Dimon says Anthropic's Mythos reveals 'a lot more vulnerabilities' for cyberattacks
3+ hour, 33+ min ago (441+ words) JPMorgan Chase CEO Jamie Dimon said Tuesday that while artificial intelligence tools could eventually help companies defend themselves from cyberattacks, they are first making them more vulnerable. Dimon said that JPMorgan was testing Anthropic's latest model " the Mythos preview announced…...
Pw C shakes up UK consulting unit in global integration drive
50+ min ago (318+ words) Pw C is expanding its U. K. consulting business as part of a shakeup at the professional services firm to give clients a more globally integrated approach. The U. K. arm of the Big Four accountancy firm said on Tuesday it is merging its…...
Fed Governor Miran still backs cuts, says interest rates could be 'about a point' lower this year
1+ week, 6+ day ago (268+ words) Federal Reserve Governor Stephen Miran on Monday continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the current energy price spike unless there are signs it will have longer-lasting impacts. "If I saw a wage-price spiral,…...
Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin
5+ hour, 43+ min ago (220+ words) Citadel CEO Ken Griffin said Tuesday that the global economy is headed toward a recession if the Strait of Hormuz stays shut for much longer. "Let's assume [the Strait is] shut down for the next six to 12 months " the world's…...
Vatican Bank makes first foray into equity indexes, setting stage for potential ETF launches
2+ mon, 3+ day ago (249+ words) The Vatican Bank Tuesday launched two equity indexes tracking stocks that align with Catholic values. Its first foray into thematic investment products sets the bank up to potentially roll out other financial products, including ETFs in the future." The bank,…...
Three niche commodity prices are surging. What they show about China's grip on supply chains
2+ week, 14+ hour ago (920+ words) BEIJING " The Iran war is squeezing a global commodities market already pressured by China's export controls and stockpiling efforts. Prices of three niche elements " tungsten, sulfur and helium " have climbed sharply in recent weeks. While none of the commodities are…...
Treasury Secretary Bessent now says it's OK for the Fed to wait to lower rates amid oil surge
7+ hour, 25+ min ago (296+ words) Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates. Bessent added, though, that he understands if central bank policymakers take a cautious approach until impacts…...
Citigroup to report first-quarter earnings before market open
8+ hour, 49+ min ago (199+ words) Citigroup is scheduled to report first-quarter earnings before the opening bell Tuesday." Here's what Wall Street expects:" Citigroup, whose stock is the best performer year-to-date among the large banks, has gotten a boost from its turnaround effort and relatively low…...