AI Chatbots Don't Understand Annuities
By John ManganaroOne popular program offered surface-level detail but got important details wrong, Tamiko Toland of TIAA says.
May 31, 2023
Ritholtz CEO Brown Sells 25% of Nvidia Stake, Taking ProfitsBrown decided to "take something off the table because man, this is one for the ages," he said.
May 31, 2023
S&P 500 Nearly Wipes Out Its Monthly Advance"Those planning for a relief rally following the passage of the debt ceiling increase may be disappointed," said Nationwide's Mark Hackett.
May 31, 2023
8 Trends Shaping the Future of Portfolio ManagementHere's what's next for RIAs, BDs, wirehouses and their tech partners, according to Aite-Novarica.
May 31, 2023
Here's How FINRA Spent $48M of Fine MoneyThe regulator spent an additional $63.3 million on "fines-eligible expenditures," it said.
May 31, 2023
Franklin Templeton to Buy PutnamFranklin, which managed $1.4 trillion in April, has been on a deal spree — buying two alternative-asset managers over the past two years.
May 30, 2023
Financial Stress Hits These Households Hardest: StudyFinancial stress leads to a scarcity of cognitive resources that pushes people into a counterproductive state of tunneling.
May 30, 2023
Ex-Wells Fargo Exec to Pay $5M to SEC for Misleading InvestorsCarrie Tolstedt publicly endorsed the bank's "cross-sell metric" while knowing it included fake accounts, the SEC said.