In September, the U.S. real estate market experienced a notable decline in the sales of previously owned homes, as reported by the National Association of Realtors. Sales dipped 1% from August, reaching an annualized rate of 3.84 million units—marking the slowest pace since October 2010. This decline is particularly concerning as it also represents a
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As the sophistication of technology evolves, the financial services industry stands to gain significantly through the implementation of advanced tools. Morgan Stanley is currently at the forefront of this AI revolution, leveraging OpenAI’s generative AI technology to increase efficiency and productivity within its investment banking and trading divisions. This strategic move builds upon the firm’s
Recent reports indicate a paradox in higher education in the United States; while the number of students qualifying for federal financial aid has risen, the interest in pursuing a four-year college degree has diminished. The National Student Clearinghouse Research Center disclosed that undergraduate enrollment overall has shown an uptick, yet the number of incoming freshman
As the landscape of finance continues to evolve, the pressures on regulatory bodies like the Commodity Futures Trading Commission (CFTC) are intensifying. On a crucial morning at DC Fintech Week in Washington, D.C., CFTC Chairman Rostin Behnam addressed the pressing issues facing his agency. With recent legal challenges and the rapid rise of digital assets,
In recent months, the Chinese smartphone market has witnessed a significant shift as local manufacturers intensify their focus on artificial intelligence (AI) features. This transformation places additional pressure on established players like Apple, which has been struggling to maintain its foothold in this competitive landscape. With the launch of new AI-driven capabilities by competitors such
Norway’s Government Pension Fund Global (GPFG), recognized as the world’s largest sovereign wealth fund, recently reported a significant profit for the third quarter of 2023, amounting to 835 billion Norwegian kroner (approximately $76.3 billion). This impressive gain underscores the fund’s resilience amid volatile market conditions and offers insights into the broader economic landscape influenced by
As we approach the 2025 tax year, significant changes are on the horizon for federal income tax brackets and standard deductions. The Internal Revenue Service (IRS) has revealed updated thresholds that will affect how taxpayers calculate their obligations. Taxpayers must understand these adjustments as they plan for the upcoming tax season. Knowing the new income
General Motors (GM) has showcased remarkable resilience in the automotive market during its third-quarter earnings report, exceeding Wall Street’s expectations in both earnings and revenue. With an adjusted earnings per share (EPS) of $2.96—surpassing the anticipated $2.43—and a revenue of $48.76 billion, significantly above the expected $44.59 billion, GM is positioning itself for substantial growth
The retail landscape is undergoing a significant transformation as major players like Walmart introduce innovative approaches to meet consumer demand amid shifting market dynamics. The recent announcement by Walmart to offer door-to-door prescription deliveries marks a pivotal moment in the ongoing rivalry with traditional pharmacy chains such as CVS and Walgreens, both of which are
Artificial Intelligence (AI) has emerged as a transformative technology, unlocking new potentials across industries from healthcare to finance. As its capabilities grow, so too does the urgency for establishing foundational guidelines and regulations. However, the conversation around AI governance is often polarized, particularly in Europe, where regulators are grappling with how to approach this rapidly