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Apple Card Switches Hands But No Immediate Changes For Users
The Apple Card, known for its intuitive features and other perks for consumers, will now be issued by JPMorgan but nothing will change for users.
AI May Generate Only Half The Profit Needed To Justify The Investment, Goldman Analyst Warns
The S&P 500 hit a new record high yesterday, up 0.62% at 6,944.82. Futures are marginally down this morning, as might be expected.
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Acquisitions and Consolidation Continues to Reshape Wealth Management - Mariner Wealth Advisors Make Latest Headlines
Mariner Wealth Advisors is making headlines in the RIA space with another set of acquisitions, underscoring the pace and scale of consolidation.
Ex-JPM Strategist Sees 'AI Bubble' Building After MIT Study Shows 95% Of Enterprises Invested in GenAI Have Generated ‘Zero’ Returns
Top executives have been raising concerns that AI investment and valuations may not be consistent with the eventual returns.
Morning Bid: Treasuries Tighten as Fed Hawks Re-emerge
What matters in US and global markets? Investors wait anxiously for Fed Chair Jerome Powell’s keynote speech at the Jackson Hole symposium today.
Strong Market Debuts Raise Questions Over Cautious IPO Pricing by Wall St Banks
Big first-day gains by recent high-profile U.S. listings have raised questions over whether Wall Street banks are pricing them too cautiously.