Finance

Goldman Sachs CIO Marco Argenti told FOX Business that companies are already expecting real gains and results from AI in terms of boosting productivity and transforming workflows.

The Biden administration is warning lenders that they need to give specific reasons for taking negative action against borrowers, and cannot rely on artificial intelligence.

Sam Bankman-Fried was ordered to remain in jail after an appeals court in Manhattan was tasked with reviewing a decision to put in him jail for witness tampering.

The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.

JPMorgan, the big bank serving as Zelenskyy’s financial adviser to attract private capital for a new investment fund to rebuild Ukraine’s infrastructure, is hosting the meeting.

The U.S. announced new sanctions against a network of companies and individuals providing financial and material support for Iran's drone industry, including Chinese and Russian firms.

Blackstone CEO Steve Schwarzman joined the firm's employees in celebrating a a prestigious milestone for the private equity giant.

If the unemployment rate rises slightly this month, it could mean a recession in October, according to a mathematical model that correctly signaled the 2020 recession. But economists are split about the likelihood of a recession this year. Here’s what you need to know.

Strategists with Goldman Sachs projected that the Federal Reserve wouldn't raise interest rates at its Oct. 31-Nov. 1 meeting, predicting that inflation would go down.

Planet Fitness said on Friday it is replacing chief executive Chris Rondeau replacing him with board member and former New Hampshire Gov. Craig Benson.

Global debt provides another negative for an already stretched equity multiple, JPMorgan says. Inflation ticked up again in August, putting more pressure on equities.

U.S. air carriers like and American Airlines and Spirit Airlines are cutting their third-quarter profit forecasts due to rising fuel costs and other expenses.

Amid efforts to enforce sanctions against Iran, authoritarian regimes like Russia and China and some Western companies are bypassing U.S. sanctions to attend the Iran Oil Show.

The U.S. economy is likely to tumble into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank analysts.

UBS will absorb Credit Suisse's Securities Research service later in September, wrapping the business into its own research operations, the bank said in a letter.

For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.

The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried's FTX and Emergent filed for bankruptcy protection last year.

Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.

Commerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.

A new study by Intuit Credit Karma via Qualtrics found that American consumers want generative artificial intelligence tools to help them manage their personal finances.