Tech & Innovation
Banks could lose $40 billion from fraud with the help of AI, Deloitte predictsBad actors are using generative AI for email and phone “phishing” scams, impersonating clients and banks
Updated August 6, 20244 min read
Bad actors are using generative AI for email and phone “phishing” scams, impersonating clients and banks
The stock sale reportedly netted the activist investor $1 billion
Large language models are capable of playing "a more active role" in financial decision-making, per a new draft study
Mortgage rates ticked up again last week, putting a damper on refinancing and purchase applications
Mortgage rates ticked up again last week, putting a damper on refinancing and purchase applications
24% of applications from Black borrowers are denied, a Zillow report found
The announcement follows Hess shareholders' approval of a takeover by Chevron
Morgan Stanley's former CEO James Gorman received the highest compensation of the largest U.S. banks
The announcement comes just weeks after the company's AI existential dangers team was shuttered
UScellular customers will have the option to stick with their current plans or to switch to one of T-Mobile’s plans
The video game retailer made $933 million from the at-the-market sale
Four of the most expensive cities are located in California
The AI chipmaker's stock rally sent the Nvidia chief's net worth to $92 billion
Parents are the one group among all U.S. adults who have seen “sizable swings in well-being,” according to the Federal Reserve
Citi, Barclays, and HSBC have said they are adjusting to new FINRA rules — but the watchdog has said it's not to blame
Bigger contributions and a strong stock market mean a greater number of retirement accounts have $1 million or more than ever before
The nation has given global orgs an ultimatum: bring headquarters to Saudi Arabia, or don’t expect to do business here. Goldman is responding.
FINRA said its new rules around remote work “are intended to provide member firms greater flexibility — not less”
The AI chipmaker saw $26 billion in first-quarter revenue, up 262% from last year
JPMorgan Chase and Goldman Sachs have required staff to be in the office 5 days a week
Indianapolis, Milwaukee, and Minneapolis all saw rents reach new highs
BNPL lenders will now have put refund, dispute, and billing practices in place
In one incident, a trader accidentally inputted a $444 billion order intended to be $58 million
The former president’s net worth has fallen by $481 million