Capital One puts credit risk worries to rest, delivers a strong quarter and new buyback

Capital One shares rose on Tuesday evening after the credit card issuer reported a sizeable quarterly beat, driven by improved credit quality performance. Revenue in the third quarter ended Sept. 30 increased 53% year over year to $15.36 billion, beating the LSEG-complied consensus estimate of $15.08 billion. Adjusted earnings per share increased 32% year over year…

Read More

Hundreds of public figures including ‘AI godfathers’ urge ‘superintelligence’ ban

Worased Boontipchayakun | Istock | Getty Images A group of prominent figures, including artificial intelligence and technology experts, has called for an end to efforts to create ‘superintelligence’ — a form of AI that would surpass humans on essentially all cognitive tasks.  Over 850 people, including tech leaders like Virgin Group founder Richard Branson and…

Read More

Barclays Q3 earnings

One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021.  Bloomberg | Bloomberg | Getty Images British lender Barclays reported a profit on Wednesday as it announced a surprise £500 million ($667 million) share buyback. “We have been robustly and consistently generating capital for our shareholders…

Read More