Articles for author: Market News

October 26, 2024

Wall Street Closing Bell: Expert Insights and Market Analysis

Bloomberg Television features expert insights and analysis just before and after the closing bell on Wall Street. Today's lineup includes Chuck Lieberman from Advisors Capital Management, Amanda Lewis from Cuneo Gilbert & LaDuca LLP, Jay McCanless of Wedbush Securities, Michael Zezas from Morgan Stanley, Ellen Hazen of F.L. Putnam, Chris Cain from Bloomberg Intelligence, Eric Van Nostrand of the Treasury Department, Sean Dobson of Amherst, Patrick Murphy from Togal.AI, Aisha Bowe, founder and CEO of Lingo, and former MLB player Johnny Damon.

October 26, 2024

Market News

2025 promises explosive growth for AI stocks, with Nvidia and Meta leading the charge amid fierce competition and bold innovations.

As we wrap up 2024, the outlook for AI stocks in 2025 looks promising, with the Market projected to reach $826 billion by 2030. Nvidia remains a top contender, expecting substantial growth from its upcoming “Blackwell” AI chips, alongside strong demand for its current models. Meanwhile, Meta, despite recent losses in its metaverse division, continues ...

October 26, 2024

Market News

Business

Geoffrey Hinton on AI Risks and Mexico’s Near-Shoring Transformation

This week, we have a special conversation with Geoffrey Hinton, the "Godfather of AI," following his Nobel Prize win. He shares insights on the new risks associated with AI, what it means for CEOs, and how close we are to AI surpassing human intelligence. We also visit Mexico to explore how near-shoring is changing the business landscape. In an exclusive interview, we hear from Mexico's Economy Minister Marcelo Ebrard, marking his first talk with foreign press since his appointment.

October 26, 2024

Market News

Business

Young Voters Excited Yet Anxious Amid Election Day Legal Challenges

On today's episode of "Balance of Power," Syracuse University Political Science Professor Jenn Jackson highlights the enthusiasm and nervousness of young voters as they prepare to head to the polls. Meanwhile, undecided voters feel overwhelmed by the negativity surrounding both candidates. Criminal defense attorney Robert McWhirter also weighs in on the anticipated legal challenges that may arise after Election Day.

October 26, 2024

Market News

A Massachusetts student’s appeal against a low grade for using A.I. in class ignites a heated legal debate over academic integrity.

A recent case in Massachusetts has brought the issue of artificial intelligence in education to the forefront. An attorney is pushing for Hingham High School to raise a student’s AP U.S. History grade, arguing the school lacked clear policies against using AI for research. The debate centers on whether utilizing AI tools constitutes cheating or ...

October 26, 2024

Market News

Business

Tether Holdings Faces Potential Crackdown by US Regulators, Industry Shaken

In a significant move, US regulators are considering a crackdown on Tether Holdings Ltd., which could dramatically impact the entire cryptocurrency industry. This potential action comes amidst a year of heightened legal scrutiny against various crypto companies, and Tether's response may reshape the landscape for digital assets moving forward.

October 26, 2024

Market News

Business

Keystone Pipeline Operator Found Partly Responsible for Massive Oil Spill

U.S. regulators have reported that the operator of the Keystone pipeline is partly responsible for failures that led to the spill of nearly 13,000 barrels of crude oil in 2022.

October 26, 2024

Market News

AI identifies St. Joseph in Raphael’s painting as likely not created by the master, hinting at an artist’s secret collaboration.

A new AI system has discovered that a face in Raphael’s painting “Madonna della Rosa” does not match his style, suggesting it was painted by someone else. Researchers from the UK and US developed a custom algorithm to analyze Raphael’s known works, focusing on details like brushstrokes and color. This method, which has shown 98% ...

October 26, 2024

Market News

Business

India’s RBI Governor Rejects Proposal to Exclude Food Prices from Inflation Targets

India's central bank Governor Shaktikanta Das has rejected a proposal from a senior government adviser to exclude volatile food prices from inflation targets. Das emphasized that removing food prices from inflation calculations would not benefit ordinary consumers, underscoring the importance of keeping a realistic view of inflation that includes essential items.

October 26, 2024

Market News

Business

Brookfield Wealth Solutions to Sell .5 Billion Private Credit Portfolio

Brookfield Wealth Solutions to Sell $1.5 Billion Private Credit Portfolio

Brookfield Wealth Solutions is seeking to sell a private credit portfolio valued at approximately $1.5 billion. This portfolio is part of American National, an insurance company Brookfield acquired in 2022. Sources familiar with the situation say the company is actively exploring this divestment.