Finance
Big Banks Explore AI Compute Trading Market
Goldman Sachs and JPMorgan are investigating entry into the nascent compute trading market, focusing on GPU rental price futures.
Finance 214 articles
Finance
Bank Workforce Unease Deepens as CEOs Discuss AI Cuts
Bank workers, including those in higher-level roles, feel increasingly "unmoored" by CEO discussions of AI-related job cuts, according to a recent Bloomberg...
Finance
New Airline Rules Tighten Grip on Portable Battery Chargers
Travelers must adhere to updated regulations for lithium-ion power banks on flights, with strict rules on carry-on luggage and onboard usage to...
Finance
CFPB Directs Lenders to Weigh Immigration Status in Repayment Assessments
The CFPB has issued a statement reminding creditors to consider applicants' immigration status when assessing their ability to repay mortgages and open-end...
Finance
Illinois Halts Data Center Tax Credits, Citing Energy Cost Concerns
Illinois Governor JB Pritzker has ordered a pause on state tax incentives for data centers, mirroring a similar move in Ohio, amidst...
Finance
Experian Launches ChatGPT App for Personal Loan Offers
Experian launches a ChatGPT app, enabling consumers to explore personal loan offers from lending partners via conversational AI. It integrates AI with...
Finance
US Banks Launch Tokenized Deposit Network Against Stablecoins
Major U.S. banks, including JPMorgan and Citi, are launching a tokenized deposit network by 2027. This blockchain-based system aims to counter stablecoin...
Finance
US Mortgage Rate Dips to 6.48%, Retreats From 9-Month High
The average long-term U.S. mortgage rate fell to 6.48% this week, easing from its highest level in nine months and offering relief...
Finance
Supreme Court Affirms SEC’s Broad Authority to Recoup Fraud Gains
The Supreme Court unanimously upheld the SEC's broad authority to recoup ill-gotten gains in fraud cases, ruling against Ongkaruck Sripetch and clarifying...