OpenAI is taking aim at some of Wall Street’s most labor-intensive tasks with a new version of ChatGPT designed to research companies, analyze financial data and generate the presentations that investment bankers rely on. The product unveiled Thursday, called ChatGPT for Financial Services, is a tailored version of its enterprise product, ChatGPT Work, that was…
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., Sept. 8, 2026. Brendan McDermid | Reuters For some investors, uncertainty in the bond market and a relentless rise in rates driven by inflation, geopolitical concerns and other factors is enough to throw in the…
Crude oil is back above $90 and energy stocks in the S&P 500 index are approaching fresh 52-week highs as the group’s year-to-date rally surpasses 40%. Despite energy stocks holding the title as the best-performing sector in the S&P 500 in 2026, options traders seem unconvinced the strength in conventional energy assets will continue. Instead,…
A drill rig stands at a Fervo Energy geothermal site under construction near Milford, Utah, Nov. 26, 2023. Ellen Schmidt | AP MILFORD, Utah — Deep in the Utah desert, down miles of gravel roads and hours from a major city, Fervo Energy bets it can economically harness heat from the Earth’s core for power,…
Fg Trade | E+ | Getty Images On a recent weekend, Jami Hagerman embarked on the budget-vacation equivalent of a blind date. The hairstylist and her husband spent about $400 on Groupon “mystery vacation” vouchers that promised accommodations and airfare for the pair — but no say in the destination. The Oklahoma City residents were…
The trendy Hillcrest neighborhood of San Diego, California, was the backdrop for violent acts and hate crimes. Business owners had enough. The Hillcrest Business Association‘s members in 2024 began paying a third-party service around $400,000 annually for eight hours of unarmed security guard patrol each day. The association plans to add about $150,000 to the…
Jobseekers speak with a recruiter during the Catalyst Career Group Dallas Job Fair in Dallas, Texas, US, on Wednesday, July 29, 2026. Dylan Hollingsworth | Bloomberg | Getty Images There’s a group to thank for August’s blockbuster jobs report: women. Women accounted for 158,000 — or around 98% — of the 162,000 jobs added in…
C. K. E. Those aren’t initials or Greek life letters. They’re some of the terms that economists, corporate leaders and politicians are using as they attempt to define the U.S. current economic moment. Ever since the recovery from the pandemic, a consensus among economists has viewed the economy as acting in a “K”-shape, displaying an…
The CEO of Trump-linked World Liberty Financial said the company offers real utility and operates independently of political influence, refuting allegations of potential conflicts of interest. The crypto venture, launched in 2024 by President Donald Trump, his sons and associates, operates the USD1 stablecoin and recently received conditional approval for a national trust bank charter,…
A photo illustration showing a gold necklace, silver coins and visual representations of bitcoin placed on top of different currencies. Yuriko Nakao | Getty Images The debasement trade is gaining new traction on Wall Street as concern over the size and cost of the budget deficit mounts. The conventional wisdom behind the trade is that…
