Nvidia announces new chip to power AI models, reduce costs
Nvidia announced a next-generation computer chip to power artificial intelligence programs and large language models, reducing costs for running AI models while scaling data centers.
Small businesses using AI are loving it
A new survey finds that more than 90% of small business owners using artificial intelligence tools like ChatGPT say AI has made their businesses more successful.
401(k) hardship withdrawals on the upswing as inflation squeezes consumers
More Americans are making hardship withdrawals from their 401(k) retirement plans to cover expenses as they struggle with chronic inflation.
Amazon holding second Prime sale ahead of holiday season
Amazon announced Tuesday it's planning another exclusive sale for Prime members this year and it will kick off right before the 2023 holiday season.
Disney looks to AI to possibly cut costs
Disney is exploring opportunities for artificial intelligence with a newly-launched task force, unnamed sources told Reuters. The company set up the group in 2023.
Moody's bank rating downgrades are a bit 'overblown': Phil Blancato
Advisor Group chief market strategist Phil Blancato and Whalen Global Advisors Chairman Chris Whalen analyze the financial sector selloff triggered by bank rating cuts on 'The Claman Countdown.'
Wells Fargo, BNP among firms fined $260 million over use of WhatsApp, texts
Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.
Credit card debt hits $1T for the first time ever
Credit card debt surpassed $1 trillion for the first time ever in June as American consumers continued to rely on their cards to cover everyday expenses.
Syrian pharmacy drugs to increase 50% in cost as pound hits new low
As Syria’s economy continues to tumble due to factors such as conflict and Western sanctions, the government has decided to increase the cost of pharmacy drugs by 50%.
Some Americans drowning in credit card debt following the COVID-19 pandemic: survey
Post-pandemic, 35% of Americans said they are carrying their highest level of debt ever; 43% said their debt is close to or at a historic low, according to a Northwestern Mutual survey.
British data regulator investigates Snapchat for allegedly not doing enough to remove underage users
Regulators in the United Kingdom are investigating whether Snapchat is doing enough to remove underage users from its platform. Snapchat is the most popular app for underage users.
Today’s biggest mortgage savings? 10- and 15-year terms at 6.125% | August 8, 2023
Check out the mortgage rates for August 8, 2023, which are largely unchanged from yesterday.
Moody's downgrades US banks, warns of possible cuts to major lenders
Moody's downgraded several small and mid-sized banks and put six major Wall Street lenders on negative watch amid concerns over higher interest rates.
Most financial services execs who work from home would quit if required to return to the office
A majority of financial services leaders who work from home at least some of the time say they would leave their jobs if they were forced back to the office fulltime.
Think tanks sue Biden for $39 billion student loan relief plan
The battle over student loan debt continues as a group of think tanks sues the Biden administration for it's latest $39 billion student loan forgiveness plan.
Two US tech groups side with TikTok in lawsuit against Montana's ban
Two U.S. tech groups backed TikTok's lawsuit seeking to block Montana from enforcing a statewide ban on the social media app before it takes effect next year.
Credit card debt set to hit $1T as inflation continues squeezing Americans
Federal Reserve data released Tuesday is expected to show that U.S. households are carrying $1 trillion in credit card debt, the highest level on record.
Zoom's latest terms of service allows use of customer data for AI efforts
Zoom can use certain customer data for its artificial intelligence efforts after making alterations to its terms of service. Those changes apparently happened in March.
SEC should be approving all spot Bitcoin ETF applications: Grayscale's Michael Sonnenshein
Grayscale Investments CEO Michael Sonnenshein discusses his firm's lawsuit against the SEC for denying its spot Bitcoin ETF on 'The Claman Countdown.'
PayPal bullish on crypto, launches dollar-backed stablecoin
PayPal on Monday rolled out a U.S.-dollar back stablecoin PayPal USD (PYUSD), becoming the first major fintech firm to introduce a digital currency for payments and transfers.