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…

Apple excited fans with its vision for its “Apple Intelligence” artificial intelligence system earlier this year. Now, it’s time for the company to prove it really works. The company is set to introduce the first lineup of iPhones purpose-built for generative artificial intelligence (which lets users create text and images)…

Introduction I don’t think JPMorgan (NYSE:JPM) needs to be introduced to any investor. As a US-based financial conglomerate, the financial institution is a household name. While I also like the company from an earnings perspective, its dividend yield is currently pretty low at 2.1%. That’s why I focused on the…

Watch the FT Weekend festival session here.Ukraine’s Kursk offensive has dented Vladimir Putin’s war narrative and triggered “questions” among the Russian elite about the point of the war, two of the world’s leading spy chiefs have said.CIA director Bill Burns said Kursk was “a significant tactical achievement” that had boosted…

‘It’s vile’: Victor Blackwell on ad promoting Harris ‘roast’ hosted by a university The University of South Carolina is under fire for hosting a “comedy roast” of Democratic presidential candidate Kamala Harris. The event will feature right-wing provocateur Milo Yiannopoulos and founder of the Proud Boys Gavin McInnes. CNN’s Victor…

This is a true story. We participated in this case, consulting at AgingParents.com. Vulnerability can come on suddenly for a solo ager. Aging veteran (AV) was living alone, and was trying to work out his life as he experienced physical changes. He was okay, he thought. Until he got Covid.…

Mortgage rates are still uncomfortably high for many would-be homebuyers and sellers, but recent declines have contributed to a significant boost in demand for refinancing. The Mortgage Bankers Association (MBA) reported Wednesday that refinancing applications soared 35% last week, when rates for the average 30-year and 15-year fixed-rate mortgages hit…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.On Sept. 29, 1916, newspapers across the country announced a wealth milestone once thought to be unreachable: the world’s…

Former President Donald Trump will not be sentenced in his New York criminal hush money case until after the Nov. 5 presidential election, a judge ruled Friday.The sentencing date, which was set for Sept. 18, will instead take place on Nov. 26, Manhattan Supreme Court Judge Juan Merchan ruled.And Trump,…

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…