Miami Beach, Florida, Normandy Isle, 7ty One Venezuelan restaurant, interior with customers dining and wait staff cleaning up. Jeff Greenberg | Universal Images Group | Getty ImagesFriday's jobs report could provide a crucial piece to the increasingly complicated puzzle that is the U.S. economy and its long-anticipated slide into recession.Wall...
The state of Massachusetts is concerned about what it calls a growing and potentially unchecked use of artificial intelligence in the securities industry. On Wednesday, Secretary of the Commonwealth William Galvin announced that his securities division would launch an investigation into how firms are using AI to engage with Massachusetts...
State regulators and securities plaintiffs’ attorneys continue to resist a Finra plan that would allow brokerages to conduct remote supervision of their registered representatives. In March, the Financial Industry Regulatory Authority Inc. released a proposal that would treat a home office from which a broker is supervising other reps as...
Still catching up after the pandemic, vacationing Americans are streaming onto foreign shores in record numbers this summer. Maybe they should check out some cheap international stocks in between beach and museum visits. Or at least tell their advisors to start looking abroad for deals as the U.S. dollar declines....
Lula, a startup which aims to be the “Stripe for insurance,” has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. When TechCrunch reported on Lula’s $18 million Series A raise in July of 2021, the company was focused on building an insurance...
For all of the Republican Party’s furious opposition to ESG, its efforts to accomplish something on the legislative front have fallen short. At least that’s the view of Cowen Inc. analyst John Miller, who closely tracks regulatory affairs for the firm’s Washington Research Group. House Republicans held a series of hearings last month, which Miller monitored....
When household budgets are squeezed, it can be hard to prioritize finances for the future when bills need to be paid today. But such is the importance placed on retirement savings by millions of working Americans that continuing to make contributions to their 401(k) remains a priority even as stubborn...
Fitch Ratings in New York, United States.Cem Ozdel | Anadolu Agency | Getty ImagesGrowing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to Elliot Hentov, head of macro policy research at State Street Global Advisors.Global stock markets fell sharply...