Featured
New Findings Challenge The Belief That AI Alone Is Slowing The Job Market
Artificial intelligence has quickly become the default explanation for a growing wave of workforce reductions across the technology sector.
Envestnet’s AI Starts With the Advisor, Not the Algorithm
Anuj Gupta has heard every version of the AI conversation.
Recent
China Wealth Manager Zhongzhi Flags Insolvency, $64 Billion in Liabilities
China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities.
Short Sellers Found Themselves On the Losing End
Hedge funds have experienced a significant setback, incurring losses of approximately $43 billion due to their short positions.
Landmark Settlement Between Binance and U.S. Authorities
Binance agreed to landmark settlement with U.S. authorities, including the Justice and Treasury Departments, involving a substantial fine of $4.3B.
Bank of America Forecasts S&P 500 to Reach Record 5,000 in 2024
The stock market has had a stellar run in 2023, and the equity strategy team at Bank of America expects another strong year in 2024.