Month: August 2025
Op-Ed: The ‘Advisory Firm of 1’ — AI will change how your wealth is managed
Ilkercelik | Istock | Getty Images We’re about to witness a regime change in productivity. Prepare for the “RIA of 1”: A single financial advisor supported by a collection of autonomous and augmented AI agents and applications. This isn’t a whimsical notion; it’s the inevitable outcome of AI fundamentally transforming the advisory space, augmenting advisors […]
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Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the ‘Kevins’
Kevin Hassett, director of the National Economic Council (L), and Kevin Warsh, former governor of the US Federal Reserve Reuters President Donald Trump’s fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, […]
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AI is already impacting the labor market, starting with young tech workers, Goldman economist says
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to […]
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Nvidia says its AI chips don’t have a ‘kill switch’ after Chinese accusation
Nvidia CEO Jensen Huang speaks to the media at a hotel in Beijing, China July 16, 2025. Alessandro Diviggiano | Reuters Nvidia on Tuesday rejected Chinese accusations that its data center GPUs for artificial intelligence include a hardware function that could remotely deactivate the chips, which is commonly called a “kill switch.” “NVIDIA GPUs do […]
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Axon jumps 16% after TASER maker tops results and boosts outlook on security needs
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock popped 16% after the TASER maker surpassed Wall Street’s estimates and boosted its guidance due to robust demand for its security solutions. “Demand for new technology from our customers is accelerating, and it’s outpacing even my most optimistic expectations,” said CEO Rick Smith on an earnings call with analysts. “There’s now one breakout product driving conversations. […]
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Trump administration to formally axe Elon Musk’s ‘five things’ email: Reuters
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tom Brenner | The Washington Post | Getty Images The Trump administration plans as soon as Tuesday to formally axe a program launched by billionaire former Trump adviser Elon Musk requiring […]
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Stocks making the biggest moves midday: Pfizer, Palantir, Coinbase, Staar Surgical and more
Check out some of the companies making the biggest moves midday: Staar Surgical — The implantable eye lens maker ripped 45% higher after agreeing to be bought by Alcon for $28 per share in cash, valuing Staar at about $1.5 billion. The deal is expected to close in the next six to 12 months. DigitalOcean […]
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Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record
The Coinbase logo is reflected on a cellphone screen in London, England, on Nov. 9, 2021. Leon Neal | Getty Images News | Getty Images Coinbase shares slid on Tuesday after the company announced a $2 billion private offering of convertible senior notes. Shares were last down more than 5%. The decline occurred as investors […]
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Roku launches ad-free streaming service, Howdy, for $2.99 a month
A Roku remote in an arranged photograph in Hastings-on-Hudson, New York, on May 2, 2021. Bloomberg |Getty Images Roku announced Tuesday it’s launched Howdy, a commercial-free streaming service that costs $2.99 a month, in a shift for the company that’s long been know for free, ad-supported viewing. The streaming platform is expected to feature 10,000 […]
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Russia weighs in on U.S.-India tariff spat, saying New Delhi can choose its own trade partners
Russia’s President Vladimir Putin bids farewell to India’s Prime Minister Narendra Modi following their meeting at the Kremlin in Moscow, Russia July 9, 2024. Gavriil Grigorov | Via Reuters Russia on Tuesday weighed into the growing spat between India and the U.S., with the Kremlin saying New Delhi is free to choose its own trading […]
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