Elon Musk reportedly cussed out a JPMorgan exec years ago, but his cold war with Jamie Dimon may be starting to thaw
Fortune Magazine
by Jason Ma
2h ago
Any improvement in their relationship could clear the way for the largest bank by market cap to do more business with billionaire Musk or his constellation of companies. Read More ..read more
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JPMorgan will play more 'Moneyball' as the Wall Street giant expands use of an AI tool to help portfolio managers 'correct for bias'
Fortune Magazine
by Jason Ma
2h ago
The AI tool is designed to show users “how they and the market have behaved in similar circumstances and helps them correct for bias and improve their process.” Read More ..read more
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Here’s how property tax laws can leave a baby boomer with an annual bill below $8 and a recent buyer with a $3,236 tab—for homes that are worth the same
Fortune Magazine
by David A. Lieb, The Associated Press
5h ago
Limits on the growth of assessed property values may provide a greater benefit to the wealthy. Exemptions for homes used as primary residences can shift a greater tax burden to rental properties and businesses. Read More ..read more
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Donald Trump joins TikTok after he tried to ban it while president as campaign woos youth vote and looks to turn attention away from his felony convictions
Fortune Magazine
by Stephanie Lai, Michael Sin, Bloomberg
5h ago
“We will leave no front undefended and this represents the continued outreach to a younger audience consuming pro-Trump and anti-Biden content,” Trump campaign spokesperson Steven Cheung said. Read More ..read more
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OPEC+ extends oil production cuts through all of 2025 to help prop up weaker crude prices
Fortune Magazine
by David McHugh, The Associated Press
6h ago
Members of the producers cartel and allied countries including Russia decided at an online meeting to hold steady its production levels, which include collective cuts of 2 million barrels per day, through Dec. 31, 2025. Read More ..read more
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Nvidia says next-gen AI platform Rubin to come in 2026 as CEO Jensen Huang touts chip giant's tech to tackle 'computation inflation'
Fortune Magazine
by Ian King, Vlad Savov, Bloomberg
6h ago
Huang said the upcoming Rubin AI platform will use HBM4, the next iteration of the essential high-bandwidth memory that’s grown into a bottleneck for AI accelerator production, with leader SK Hynix Inc. largely sold out through 2025. Read More ..read more
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Former Yum Brands CEO: How active learning took me from 30 trailer parks to the helm of a $32 billion global corporation
Fortune Magazine
by David Novak
9h ago
David Novak developed the "vital discipline of learning from anybody, any experience, and any new environment that had something valuable to offer." Read More ..read more
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As the climate heats up, meteorology emerges as the new hot degree on Wall Street
Fortune Magazine
by Dylan Sloan
10h ago
As financial firms seek an edge in commodities and energy markets, they’re increasingly turning to climate scientists for an advantage. Read More ..read more
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Non-alcoholic beer is booming as GenZers stay sober—and brewers like AB InBev are looking to the Paris Olympics to cash in
Fortune Magazine
by Sarah Jacob, Sabah Meddings, Andy Hoffman, Bloomberg
11h ago
Breakthroughs in low-temperature distillation have improved quality, helping low or zero alcohol become the only beer category that is still growing. Read More ..read more
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Live Nation reveals ‘a criminal threat actor’ offered to sell Ticketmaster data on the dark web, while reports say hackers seek $500,000 for customer info
Fortune Magazine
by The Associated Press
22h ago
The data reportedly includes names, addresses, phone numbers and some credit card details of millions of Ticketmaster customers. Read More ..read more
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