The Financial Times cites two new data sources suggesting AI is affecting US employment: analyst Eric Basmajian found productivity gains concentrated in roughly 15% of jobs, especially in information, professional services, and finance. A reportedly internal Goldman Sachs report also circulated showing rising unemployment correlated with AI exposure in sectors like finance, telecoms, technical services, and administration.
futurism.com
· 2026-11-03
Brent and WTI crude both dropped more than 4% in early trading as negotiators pursued renewed diplomatic talks with Iran, with Reuters reporting a draft proposal circulating after discussions in Doha. U.S. Secretary of State Marco Rubio said President Trump would prefer a diplomatic resolution to the conflict, though he noted the U.S. retains military options if needed.
cnbc.com
· 2026-11-02
A sharp selloff has hit China's AI-related equities, with Goldman Sachs estimating such stocks make up 42% of total market capitalization and 57% of trading turnover. Traders cited elevated valuations, new tax bills, and fears that foreign governments could restrict exports of data center equipment to China as triggers, though no single catalyst was identified. Investment managers quoted by Reuters described the pullback as the bursting of a bubble built on overweighting tech firms in major indexes.
slashdot.org
· 2026-10-27
Bitwise's latest quarterly report shows tokenized stock trading rising sharply on platforms like Robinhood Chain, Hyperliquid and Solana, with Robinhood Chain's volume jumping from $526 million in July to $11.31 billion in September. At the same time, Goldman Sachs, Microsoft, Qualcomm, Caterpillar, McDonald's, Western Digital and Alphabet have formally objected to having tokenized versions of their shares traded on OKXICE, a venue launched by OKX and Intercontinental Exchange, joining earlier objectors like CoreWeave and UnitedHealth.
cnbc.com
· 2026-10-21
JPMorgan Chase's third-quarter results fell short of Wall Street's revenue and profit estimates, an unusual miss for the largest U.S. bank by assets. CEO Jamie Dimon attributed part of the shortfall to softer fixed-income trading revenue and expenses outpacing revenue, while the bank also said trading and investment banking activity had moderated. JPMorgan shares dropped more than 3% in premarket trading before trimming losses after the bank raised its 2026 net interest income guidance.
cnbc.com
· 2026-10-13
CNBC's Jim Cramer outlined a busy week ahead featuring quarterly results from Goldman Sachs, Wells Fargo, JPMorgan Chase, Citigroup and Johnson & Johnson on Tuesday, followed by the Consumer Price Index report Wednesday and earnings from chip equipment maker ASML. He said stocks rallied Friday after a volatile week marked by high Treasury yields, rising oil prices and an AI stock pullback.
cnbc.com
· 2026-10-09
Oracle, Broadcom, and SpaceX are engaging in discussions with lenders to secure substantial debt funding aimed at financing their investments in AI chip technology. These deals are expected to involve tens of billions of dollars each, highlighting the scale of their ambitions in the AI hardware sector.
wsj.com
· 2026-10-07
A 2026 Goldman Sachs survey of over 5,000 U.S. adults reveals that more than a third of households earning above $300,000 still experience paycheck-to-paycheck living. The study shows that financial strain does not decrease steadily with income, with middle-income earners feeling less pressure than both lower and higher earners. Credit card payment patterns also indicate financial stress among the wealthiest Americans.
entrepreneur.com
· 2026-10-05
A Goldman Sachs survey found that more than one in three Americans earning over $300,000 a year describe themselves as living paycheck to paycheck. The survey also found that high earners are struggling to save and are delaying major financial milestones such as buying homes or retiring.
fastcompany.com
· 2026-10-01
Meta shares sold off sharply since last Friday, cutting Mark Zuckerberg's paper fortune by roughly $20 billion after Goldman Sachs questioned the long-term payoff of Meta's heavy AI investment. The decline comes as Zuckerberg pushes deeper into AI, hiring veteran executive Chirantan Desai to lead a new division selling Meta's AI tools to corporate customers. Despite the drop, Meta's stock remains up more than 28 percent over the past month.
futurism.com
· 2026-10-01
Apple and Goldman Sachs raised the annual percentage yield on the Apple Card Savings Account from 3.4% to 3.5%. The new rate matches Goldman Sachs' own Marcus savings account rate, though Marcus is separately offering a promotional 4.50% rate for a limited time. The account remains exclusive to Apple Card holders, who can fund it via Daily Cash rewards, linked bank accounts, or Apple Cash.
9to5mac.com
· 2026-09-23
Wall Street saw another volatile week as the Federal Reserve raised interest rates a quarter point to a range of 3.75%-4%, its first hike in three years, while renewed concerns about AI safety rattled tech stocks. The Dow fell 1.7% for its third consecutive losing week, led by steep declines in bank stocks including Goldman Sachs, which dropped nearly 8.5%. The S&P 500 and Nasdaq held up better, with the Nasdaq even gaining slightly as investors bought back into AI names after an early sell-off, while oil price swings tied to Mideast tensions added further pressure on companies like Boeing and FedEx.
cnbc.com
· 2026-09-19
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