Many banks and financial firms are investing in AI and seeing positive return from applying AI throughout their operations. AI-based systems are helping to make more informed, safer and profitable decisions. However, with any technology that’s used in a heavily regulated industry there are challenges and pushbacks to adoption. Kumar Srivastava Bringing AI innovation to
Opportunity zones are the hottest new investment opportunity in America. Now it seems as if everyone with capital gains to shield is trying to invest in them. Established by the 2017 Tax Cuts and Jobs Act in an effort to incentivize investment in economically struggling areas throughout the United States, opportunity zones offer investors access
President Donald Trump managed to make some progress in the latest round of U.S.-China trade talks, but CNBC’s Jim Cramer says investors must read the fine print. The “Mad Money” host previews a big week of earnings and offers tips on golf stocks. He catches up with Wendy’s CEO Todd Penegor to get more insight
The Federal Reserve will be continuing its overnight funding operations through at least January and will buy Treasury bills through the second quarter of 2020, the central bank announced Friday. The T-bill purchases will be large — $60 billion a month despite Fed officials’ insistence that the operation will be an “organic” move to grow the
The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week. At the Tiburon conference, Fisher compared his wealth management strategy to picking up women for sex, made explicit
ERproductions Ltd | Getty Images Democratic presidential candidate Bernie Sanders is proposing to wipe out an estimated $81 billion in past-due medical debt. Up to 80 million Americans could be impacted. “People definitely need to have their debt either forgiven or negotiated lower, so they can afford it without a hardship,” said Craig Antico, the
New funds are rare in the closed-end fund (CEF) world. But there’s a new kid on the block throwing off a monthly 6% dividend. Today we’re going to run through this new fund to see if it might have a place in your portfolio. 6% Dividends and Netflix-Like Growth—in 1 Fund I’m talking about the
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses how early retirement benefits can affect later spousal benefits, survivor’s benefits before retirement benefits, the rate of reduction due to taking benefits early, the application of delayed retirement credits
Share to facebook Share to twitter Share to linkedin PHOENIX, AZ – MARCH 18: Shawn King (L) and television personality Larry King attend Muhammad Ali’s Celebrity Fight Night XXIII at the JW Marriott Desert Ridge Resort & Spa on March 18, 2017 in Phoenix, Arizona. (Photo by Jonathan Leibson/Getty Getty The palatial pad where Larry
An interview with CEO of Gristedes, Red Apple Real Estate and multiple other companies, John Catsimatidis. In this interview, John discusses how he went form an immigrant, to getting started in business and becoming a billionaire. John talks about owning multiple companies and investing in real estate. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow
Zedd performs onstage during the 2019 iHeartRadio Wango Tango at Dignity Health Sports Park on June 01, 2019 in Carson, California. Kevin Winter | Getty Images Entertainment | Getty Images Zedd, a high-profile DJ and music producer, has been permanently banned from China for liking a tweet from “South Park’s” official account. On Friday, Zedd
The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines. First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the
Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. Brendan Smialowski | AFP | Getty Images President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more
Steve Shepard | Getty Images Most people consider getting in to college a numbers game. However, in the wake of last year’s college admissions scandal, which underscored how much pressure parents and students feel to be accepted into elite universities, admissions directors are quietly turning their attention to something besides test scores. Today, “almost every
Russ Kliman Every fall, I attend the Finovate conference in New York City, where dozens of fintech entrepreneurs from around the world present apps and services they’re rolling out for consumers and financial institutions. In recent years, I’ve been disappointed by how little I’ve seen for people 50+; nearly all the consumer presentations were aimed
internet banking network and cryptocurrency concept. Man hand using credit card for trade cryptocurrency. Getty Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox on form 1040. The checkbox, which appears on the early
Share to facebook Share to twitter Share to linkedin First-time homebuyers have made up a large share of 2019 mortgage loans. Getty Mortgage rates dropped again, and according to Freddie Mac, the downward spiral has first-time buyers gaining ground. In fact, of all the loans Freddie Mac has purchased in 2019, 46% came from first-time
General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019. Bryan Woolston | Reuters The United Auto Workers union said on Friday that it had countered General Motors‘ latest offer and “if GM accepts and agrees to this group
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He Special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the
President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images After a partial trade deal, what’s