Artificial Intelligence (AI) is not just a buzzword, it’s a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI’s use in autonomous driving, the tech is becoming … Read more
Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance. Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA … Read more
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve. The consumer price index (CPI) rose 0.4 per cent last month after climbing 0.3 per cent in January, the Labour Department’s Bureau of Labour Statistics … Read more
Bank executives witnessed an increase in their compensation in 2023, while ordinary employees faced yet another year of modest bonuses. This disparity was notably conspicuous at London-based lender Standard Chartered, where CEO Bill Winters experienced a 22 per cent increase in his pay package, as reported by Bloomberg. The bank’s 2023 earnings report disclosed that … Read more
Bank of America has instituted a strict return to office policy for employees that threatens “disciplinary action” to those who don’t comply, according to documents seen by the Financial Times. The company reportedly sent “letters of education” to workers who have not been coming into the office to warn them that they could face trouble … Read more
By Leonardo Blair, Senior Reporter Thursday, January 18, 2024 Pastor Joel Osteen (L) of Lakewood Church in Houston, Texas, tears up during his service on January 14, 2024, moments before he announced with his wife, Victoria, by his side that the church had paid of its $100 million loan. | Screengrab/YouTube/Lakewood Church Thanks to their … Read more
