How Artificial Intelligence is Changing the Money Business | May 2023
AI is growing popular with financial advisors to potentially assist with concerns regarding fraud, tax analysis, fraud detection, wealth management, and more.
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AI is growing popular with financial advisors to potentially assist with concerns regarding fraud, tax analysis, fraud detection, wealth management, and more.
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Wall Street is putting restrictions on generative AI, prohibiting employees from using the popular tool ChatGPT.
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While some investors have become rich by trading crypto, many have lost millions as large, systemic problems in the industry have been uncovered.
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Consumer prices have increased with inflation affecting airfare, rent, food, and more. To fight increasing prices, the Federal Reserve has increased interest rates.
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After months of negotiations in the House, the Inflation Reduction Act was passed and signed by President Joe Biden into law.
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Inflexible supply chain systems have become a major problem, preventing organizations from responding to sudden changes in supply and demand.
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Today’s rapid inflation can be seen everywhere, from airfare to rent. The main avenue for combating price increases is the Federal Reserve policy, which can be used to increase interest rates.
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Cryptocurrencies crashed after Celsius, a crypto loan company with $12 billion in assets under management, paused account withdrawals and transfers due to “extreme market conditions.”
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A lawsuit seeking class-action status alleges McDonald’s and Wendy’s deceptively advertised the size of their burgers.
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Years after the onset of the COVID-19 pandemic, retailers, and manufacturers are still struggling to balance their inventories.
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Environmentalism, social responsibility, and corporate governance are in the spotlight.
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The United States and China have been engaged in a decades-long auditing dispute over Chinese companies listed on U.S. stock exchanges.
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In one of the biggest cryptocurrency breaches to date, hackers stole more than $600 million.
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Nasdaq enters its first bear market since the onset of the COVID-19.
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Day trading—speculating on securities within the same trading day—has become popular in recent years with many young investors.
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According to a recent study, women are outperforming men when investing which poses a significant opportunity for many wealth management firms.
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A technology known as direct air capture is being championed for vacuuming carbon out of the atmosphere, and investors are on board.
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For many years the U.S. Government has seized, stockpiled, and sold cryptocurrencies linked to cybercrime. Over the years the amount obtained has increased and in 2020 over $1 Billion has been seized.
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Archaeologists discovered the world’s oldest known coin mint in Guanzhuang, China. The coin dates between 640 and 550 B.C.E. and shifts what we know about the history of money.
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Grant Thornton, one of the world’s largest accounting networks, was awarded a patent by the U.S. Patent and Trademark Office (USPTO) for innovative technology that enhances general ledger analysis.
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