It was a rough start to the historically weak month of September on Wall Street. Economic growth concerns and investor trepidation ahead of Tuesday’s presidential debate and the Federal Reserve’s policy meeting later in the month sank the market. For the week: The S & P 500 gave back over…

Buying this week’s groceries or paying for a full tank of gas with a credit card might contribute more to the profits of the airline industry than buying a one-way ticket. That’s because frequent flyer programs have become a crucial part of the airline industry’s profitability. And that’s due to…

Investment thesis Zuora (NYSE:ZUO) is a leading software provider for businesses to manage their subscription-based services. The company’s dominant position is highlighted in the image below, taken from the 2024 Gartner Magic Quadrant for Recurring Billing Applications. According to a study by Juniper Research, the subscription-based economy that the company…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.Iran has sent “hundreds” of ballistic missiles to Russia in what Kyiv officials said marks a “serious escalation” of Tehran’s support for Moscow’s invasion of Ukraine. “More than 200” Fath-360 short-range ballistic…

Former 2020 presidential candidate Pete Buttigieg tells CNN’s Dana Bash how Vice President Kamala Harris should handle Republican attacks over the Afghanistan withdrawal: “What’s clear is that America’s longest war needed to be brought to an end.” Read the full article here

The new Baltimore Ravens NFL season started the same way it ended last year—with a gut-wrenching one-score loss to the annoyingly-popular Kansas City Chiefs. Worse yet, it was a literal matter of inches that kept the Ravens from tying or winning both games—with a goal-line fumble last season in the…

Mortgage rates moved up a bit this week but are still at the lowest point they have been in more than a year. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage edged up to 6.49% this week from 6.47%…

Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fund boom before year-end.”With that $6 trillion plus parked in money market funds, I do think that is really the biggest wild card for the remainder of the…

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)…