Wealthy investors and family offices shied away from stocks leading up to market swings this week, but many saw the drop in prices as an opportunity for tax savings and estate planning, according to wealth advisors.
Category Archives: business
JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant.
Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan.
Stocks close higher, clawing back some losses from Monday’s sell-off
Stocks ticked up Friday as the stock market built on its incredible comeback from Monday’s violent rout.
Samsung recalls over 1 million electric ranges due to fire hazard
Samsung has issued a recall for over 1 million slide-in electric ranges due to fire hazard after the company received reports that its front knobs could be unintentionally activated by people or pets, and resulted in 250 blazes.
Two years since the CHIPS Act, the race heats up to train tens of thousands of workers
A Purdue University program just finished its second year prepping undergrads for chipmaking jobs, part of a broader semiconductor workforce development push.
Applebee’s, Chili’s, and PF Chang’s add new value items to menus
As many well-known fast food giants offer deals to lure customers back, some popular chain restaurants are now trying to get in on the action with Applebee’s, Outback and P.F. Chang’s adding new value items on their menus. NBC’s Christine Romans reports for TODAY.
Dow Jones suffers worst day in 2 years over US economy concerns
The Dow Jones suffered its worst day since 2022 in a massive selloff sparked by concerns over the health of the U.S. economy and fears the Federal Reserve is behind in cutting interest rates. NBC’s Christine Roman’s reports for TODAY.
Federal judge rules against Google in massive antitrust lawsuit
A federal U.S. judge ruled that Google has illegally held a monopoly in two market areas: search and text advertising. NBC News’ Brian Cheung explains the background of the case.
Noah Lyles wins Olympic 100m gold in epic photo finish
Noah Lyles won his first Olympic gold medal in an epic photo finish, edging Jamaica’s Kishane Thompson by five thousandths of a second. American Fred Kerley took bronze.