Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are…

Charles Coristine used to revel in working at Morgan Stanley. He loved the pace, even waking up in the middle of the night to trade in the Tokyo and London stock markets.In 2011, after nearly two decades on Wall Street, Coristine burned out. He tried multiple remedies: switching to a…

Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented…

Thesis In June 2023, I initiated coverage of Hooker Furnishings (NASDAQ: NASDAQ:HOFT), examining its risks and potential, noting how it demonstrated some strengths by showing the ability to keep a lid on inventory, recover in its hospitality business, and move forward with expansion plans, along with significant challenges created by…

Stay informed with free updatesSimply sign up to the Geopolitics myFT Digest — delivered directly to your inbox.CIA director Bill Burns and MI6 chief Richard Moore will be interviewed together by Roula Khalaf, editor of the Financial Times, at noon BST (1100 GMT) today. The event takes place as part…

Former Biden-Harris Staffer Ashley Allison: “God help me. I’m agreeing with Karl Rove” Republican strategist Karl Rove reacts to Manhattan judge delaying Trump’s sentencing in the hush money case, saying Trump could have used an election bump from a sentencing. Former Biden-Harris staffer is shocked she agrees. Read the full…

The IRS is asking for comments about a new way to save for retirement. The super-charged saver’s match builds on the existing saver’s credit and has been described as “an important opportunity to improve the long-term financial security for millions of low- to moderate-income Americans.” Under the plan, beginning in…

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A federal judge in Georgia has temporarily blocked President Biden’s administration from implementing its plan to waive federal student loans for almost 30 million borrowers. U.S. District Judge J. Randal Hall issued the order on Thursday, ruling that the states currently suing the administration over the plan have established a…

The NFL team that has won three of the last five Super Bowls is worth less than the organizations with the two longest playoff droughts in the league.The Kansas City Chiefs, the NFL’s current dynasty, are only the 18th most valuable team in the league at $6.07 billion, according to…