Before you ask AI to invest your life savings, you need to understand its hidden biases
Bots can build a portfolio in seconds — but wait until you see where their financial advice fails.
Bots can build a portfolio in seconds — but wait until you see where their financial advice fails.
Sam Waldon The Securities and Exchange Commission announced Wednesday that Sam Waldon, principal deputy director of its Division of Enforcement, will leave the agency after serving more than 14 years. Osman Nawaz, who will succeed Waldon as principal deputy director, rejoined the SEC in June, after previously serving with the agency from 2010 to 2024….
Investors found World Acceptance (WRLD +13.03%) stock more than acceptable on Friday; in fact, they found it so appealing that they traded its stock up by over 13% that trading session. It wasn’t difficult to figure out why — the specialty lender posted quarterly results that absolutely crushed analyst profitability estimates. A fine start to…
Kristy & Bryce with their new edition in front ofThe Turia Fountain in Spain From JL: Turns out you can still travel, even with a kid. Who knew? Certainly not their detractors. For years they confidently said, “You can only travel as you do, and be FIRE’d, because you don’t have kids. Once you have…
Encryption Edge Computing Data Lake Just_super | E+ | Getty Images Shares of China’s Zhongji Innolight surged as much as 8% Monday before paring some gains, after the company received approval for a major Hong Kong listing worth up to $8 billion on Friday, in what is likely to be one of the city’s biggest…
Record keepers, asset managers and tech companies spend tens of millions of dollars annually on market research and product development, looking to find the next great thing for defined contribution plans. But there are much simpler ways to determine whether a product or service category will resonate. In the $3 million to $250 million 401(k)…
The Securities and Exchange Commission on Thursday proposed a rule that would make electronic delivery the default for most required investor communications, replacing a decades-old system that generally requires paper delivery unless investors affirmatively opt into electronic communications. The proposed Regulation E-Delivery, announced today, would permit issuers, broker/dealers, investment advisers and other regulated entities to…