Washington (CNN) — A public feeding frenzy over artificial intelligence may encourage some companies to make hyped-up claims about their use of AI or what the technology can deliver — but they do so at their own peril, according to the chair of the Securities and… Read More »Beware misleading AI hype and ‘AI-washing,’ SEC chair warns
David JC Cutler
US stocks soared on Thursday, breaching record highs, powered by blockbuster earnings from AI darling Nvidia (NVDA). The tech-heavy Nasdaq (^IXIC) shot up nearly 3% on the heels of the chipmaker’s results, while the S&P 500 (^GSPC) jumped about 2.2%. The Dow Jones Industrial Average (^DJI) popped… Read More »Stock market today: S&P, Dow hit record highs as Nvidia ignites global stock rally
Financial surprises often seem to crop up at the most inopportune times — your car breaks down, you have an unexpected medical bill, your air conditioner needs to be replaced. All of these situations, paired with poor money habits or a lack of financial planning,… Read More »Nine Steps You Can Take Right Now to Build a More Financially Stable Future
More Federal Reserve officials signaled concern at their meeting last month with cutting interest rates too soon and allowing price pressures to grow entrenched as opposed to the risks of holding rates too high for too long. “Most participants noted the risks of moving too… Read More »Fed Minutes Show Unease Over Premature Cuts
The last time the American economy was posting surprising economic growth numbers amid rapid wage gains and moderating inflation, Ace of Base and All-4-One topped the Billboard charts and denim overalls were in vogue. Thirty years ago, officials at the Federal Reserve were hotly debating… Read More »Are We in a Productivity Boom? For Clues, Look to 1994.
(Reuters) – The U.S. Federal Reserve will cut the federal funds rate in June, according to a slim majority of economists polled by Reuters, who also said the greater risk was the first rate cut would come later than forecast rather than earlier. Reuters surveys… Read More »Fed to cut US rates in June, risks skewed towards later move: Reuters poll
Just months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group Inc. strategists have boosted their forecast for a second time, reflecting Wall Street’s optimistic outlook for earnings. “Increased profit estimates are the driver of the revision,” a team led by… Read More »Goldman Lifts S&P 500 Target With Profit Optimism to Drive Rally
Take a look at almost any earnings press release and you’ll see that standard accounting numbers—for net income, earnings per share, and even revenue—are buried under an avalanche of alternative takes. Companies often say these alternative numbers, rather than those required under generally accepted accounting… Read More »Does Non-GAAP Reporting Increase Firm Value?
NEW YORK (AP) — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Both Japan and the United Kingdom said Thursday their economies likely weakened during the final three months of 2023. For each, it would be the second straight quarter that’s… Read More »Recession has struck some of the world’s top economies. The US keeps defying expectations
Federal Reserve Bank of Atlanta President Raphael Bostic said there’s no rush to cut interest rates with the US labor market and economy still strong, and cautioned it’s not yet clear that inflation is heading sustainably to the central bank’s 2% target. “The evidence from… Read More »Fed’s Bostic Says May Take ‘Some Time’ to Hit Rate-Cut Threshold