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…
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely, voting to keep the benchmark level steady, but dropped several surprises that kept markets guessing about where things are heading. Markets didn’t like it, with major averages swooning after the meeting and as Warsh spoke in his news conference….
Kalshi and Polymarket. Gabby Jones | Bloomberg | Martin Lelievre | Getty Images High volume and short-term markets that ask simple questions with clear resolution rules — that’s the formula Evercore ISI strategists say make prediction markets helpful for forecasting. Led by Julian Emanuel, they found contracts with higher volume produce more reliable probabilities than…
TOPSHOT – Chinese President Xi Jinping (R) shows the way to Russian President Vladimir Putin after the photo session of the Shanghai Cooperation Organization (SCO) Summit 2025 at the Meijiang Convention and Exhibition Centre in Tianjin on September 1, 2025. Suo Takekuma | Afp | Getty Images Russian President Vladimir Putin is set to arrive…
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, D.C., U.S., March 18, 2026. Kevin Lamarque | Reuters Federal Reserve Chair Jerome Powell is likely in his final weeks at the central bank helm and now faces…
Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026. Altaf Qadri | AP The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential relationships in Asia…
The clock is ticking on Nike’s recovery. Without any signs of improvement, Jim Cramer said we may soon have to make a hard decision on the stock. “I want to wait until the fall before we cashier [Nike’s stock] and take the loss, or I see some green shoots by then,” Jim said Friday during…
A Goldman Sachs logo is displayed on the floor of the New York Stock Exchange in New York City, on Wednesday, August 11, 2010. Ramin Talaie | Corbis Historical | Getty Images The global mergers and acquisitions boom that defined 2025 is carrying into 2026, as companies reassess their portfolios and artificial intelligence-led demand fuels…
