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Microsoft’s $381 Billion Rout Exposes Dark Side of the AI Binge
(Bloomberg) - Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over.
BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal
Global equities are flashing an overbought warning, with moving averages already at levels that historically mark a sell signal for risk assets.
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Fidelity Settles Allegations Of Inadequate Supervision Of Clients' Accounts
Fidelity Brokerage Services has agreed to pay $600,000 to settle allegations of inadequate supervision related to business clients' accounts.
JPMorgan Offering Relief For Mortgage Customers Hit By Los Angeles Wildfires
JPMorgan Chase is easing mortgage repayment conditions for customers affected by the Los Angeles wildfires.
Goldman Sachs Creates New Team To Boost Focus On Financing
Goldman Sachs is creating a new team that will enhance its focus on financing mega deals and providing loans to corporate clients.
Cerity Partners Starts The Year With A Significant Acquisition
Cerity Partners starts the year with a significant acquisition, adding Prio Wealth, a Boston-based registered investment advisory firm.