YouTube just unveiled new features that could make life easier for creators but come with risks
YouTube CEO Neal Mohan announced a suite of new AI tools for creators at the 2024 Made on YouTube event. YouTube just announced a flurry of new AI-powered features for creators. But as the platform leans deeper into AI, could it impact perceptions of their authenticity and the originality of their work? On Wednesday, at…
Meet the ex-Googler joining Goldman Sachs to build tech and cut costs for its investment banking and trading business
Melissa Goldman will soon have oversight of the technology powering one of the highest-profile businesses on Wall Street. As the incoming global head of technology engineering for Goldman Sachs’ global banking and markets division, the ex-Googler will run the engineering team for Goldman’s investment banking and sales and trading units. “There is just a ton…
Apple made its cheapest iPhone 16 so good there aren’t many reasons you’ll need the Pro version
The color lineup for the new iPhone 16. It looks like the iPhone 16 is making a good first impression on tech industry insiders, but maybe too good a first impression. Early reviews of Apple’s new iPhone — which is released to the public on Friday — are in, and it seems like the cheaper…
The SEC wants to make trading stocks cheaper for the average investor
Gary Gensler, the chair of the SEC. The US Securities and Exchange Commission has revamped how stocks get priced in an effort to reduce costs on investors. On Wednesday, the SEC voted to adjust market rules, so that some stocks will be quoted in increments of $0.005. According to Reuters, the decision to apply the…
The Fed gives the US its first jumbo interest-rate cut in 4 years
The Federal Reserve delivered a jumbo rate cut of 50 basis points on Wednesday. An interest-rate cut has arrived — and it’s a big one. On Wednesday, the Federal Open Market Committee announced it would be cutting interest rates by 50 basis points. It’s the first time the Federal Reserve has cut rates since March…
3 reasons why today’s Fed rate cut is the beginning of a more aggressive cutting spree than investors expect: chief economist
Federal Reserve Bank Chair Jerome Powell The Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. The move is widely anticipated among investors after Jerome Powell’s dovish speech in Jackson Hole, Wyoming, in August. What the market is wrongly forecasting,…
Stock market today: Indexes edge up ahead of major Fed interest rate decision
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves’s William McChesney Martin building on June 12, 2024 in Washington, DC. Following the two-day Federal Open Markets Committee meeting Powell said the Fed has decided to keep their current rate range of 5.25-5.50 percent…
A portfolio manager who’s outperformed a major value index for over a decade shares 4 cheap stocks that the market’s overlooking
When it comes to stock-picking, portfolio manager Scott Rosenthal of Hotchkis & Wiley Capital Management has a sharp eye. Under his leadership, the firm’s Hotchkis & Wiley Global Value Fund (HWGAX) has outperformed global value benchmarks, yielding a 9.58% average annual return after fees since its launch in 2011. In contrast, the MSCI World Value…
Home buyers are holding their breath for rate cuts as existing home sales plunge to lowest since the pandemic
Buyers are back on the sidelines as they wait to see if mortgage rates fall further after , a Redfin report shows. Existing home sales fell 1% in August from July, reaching a seasonally adjusted annual rate of about four million, the report finds. That’s the lowest level since the pandemic stalled home sales in…
