Cathie Wood positions for new tech boom – and it doesn’t matter who wins the White House
Finance
Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era
Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source
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Finance
Stocks making the biggest moves midday: Sandisk, Micron, Verizon, AMD, GE Vernova and more
Check out the companies making the biggest moves in midday trading: Sandisk , Micron — Memory stocks were trading higher after Melius Research highlighted the group and said the artificial intelligence cycle should keep demand high for memory through the end of the decade. The analysts said that investors will likely be willing to pay […]
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Finance
This bank CEO let his AI clone handle an earnings call — now he’s signing an OpenAI deal
Key Points Customers Bank has signed a multiyear partnership with OpenAI, with engineers set to be embedded at the bank to help automate lending and onboarding, CNBC has learned exclusively. The bank is targeting an improvement in its efficiency ratio from about 49% to the low 40s and higher returns starting in 2027, while codeveloping […]
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