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HSBC Appoints First Chief AI Officer As It Seeks Cost Cuts

by The Wealth Advisor Contributor
HSBC has appointed David Rice as its first chief AI officer.

Featured

Bonds Lose $2.5 Trillion In Iran War Wipeout That Mirrors 2022

The specter of stagflation caused by the Iran war has wiped out more than $2.5 trillion from the value of global bonds in March.

Trump's Long-Running Push to Oust Powell Could Keep the Fed chair Around for Longer

Trump’s drawn-out campaign to oust Jerome Powell may end up prolonging the Fed chair's tenure at the central bank.

Fannie, Freddie Place Large Bids for Mortgage-Backed Securities

Fannie Mae and Freddie Mac have been placing orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads.

Recent

Washington Wire

Fed's Goolsbee: Inflation Now The Greater Risk, Watching Expectations Closely - CNBC

Inflation is the greater risk facing the ‌U.S. economy right now ‌with the unemployment rate remaining fairly stable, ​Chicago Fed President said.

Family Wealth Watch

'The Energy Tax': Analysts Weigh Impact of Surging Gasoline Prices on Inflation, Consumers

Economists and strategists are taking stock of what surging oil prices mean for consumer spending, inflation, and Federal Reserve's path this year.

Companies

Edelman Financial Engines Launches Transformative Firmwide Planner Ownership Program

Edelman Financial Engines today announced the transformational expansion of its employee equity ownership with a $175 million equity distribution.

FundFocus

Gold, Silver, Bitcoin Crash As Safe-Haven Luster Fades Following Fed Decision

Investors went risk-off as the prospects of higher inflation lowered the chances investors are placing on Fed rate cuts.

  • More Articles

Popular

Economy

Ray Dalio Sees A Pattern That Shows China Killing America’s Economy. This 2,000-Year Chart Explains Why

News

Supermicro’s Co-Founder Was Just Arrested For Allegedly Smuggling $2.5 Billion In GPUs To China

The Trust Advisor

The Point At Which Wealth Becomes Taxable At Death Remains Subject To Ongoing Legislative Change

News

Peter Thiel Is Actively Convincing Billionaires To Abandon The Giving Pledge—And It May Be Working

Washington Wire

The Trump Administration’s Proposed Capital Gains Tax Cut Could Add Nearly $1 Trillion To The National Debt Within The Decade, Think Tank Warns

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