Author: Admin

Bank of America CEO Brian Moynihan said on Wednesday the bank’s data shows consumer spending and credit remain healthy despite rising gasoline prices.”Consumers spent in the month of August about 4% more than they spent last August,” Moynihan said on CNBC’s “Mad Money.” “Last quarter it was 5%, so it’s kicking along. That’s consistent with a strong growing economy.”His comments come as energy prices climbed through August and into September amid escalating tensions between the U.S. and Iran, with Brent crude topping $100 per barrel Wednesday. The surge has raised concerns that higher gasoline prices could squeeze household budgets and…

When geopolitical shocks occur, like the conflict in Iran that has shaken markets since late February, knowing where to put your money to protect your wealth is key.The Association of Investment Companies (AIC), an industry body representing the UK’s investment trusts, has identified the closed-ended funds that have shown the greatest resilience during the conflict’s duration.Technology-focused investment trusts have led the way, with the continued demand for artificial intelligence (AI) stocks and funds lifting the sector in spite of global turbulence. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from.…

SocietySmaller share of new workforce entrants have tax-free NISA investment accountsAlthough Japanese people under 30 are putting more money into securities on average, the age group’s inequality coefficient is higher than any other. (Photo by Sae Kamae)KYOKO TAMADASeptember 10, 2026 05:19 JSTTOKYO — The gap in financial asset holdings among Japan’s younger generations is widening, with more young people than older generations not taking part in the government’s tax-free investment program.

As a general guideline, if you want multiple credit cards, it’s a good idea to wait at least six months between credit card applications. That period gives your credit time to recover from credit inquiries, keeps your average account age healthy, and shows creditors you can manage your debt responsibly.  Key takeaways On average, American adults have 3.7 active cards, according to 2025 data from Experian. Experts typically recommend waiting at least six months between credit card applications to protect your credit.  Each new credit card application can affect your credit because of hard credit checks and a lower average…

Independent researchers have identified multiple new websites where AI agents seemingly built by OpenAI took unauthorized actions, such as accessing websites, posting messages, and sharing data to communicate with each other. The latest revelations, discovered by a group of independent researchers known as the Nightingale collective, add to growing concerns that AI companies are struggling to control the agentic AI technology they’ve created. In August, a swarm of OpenAI’s AI agents hacked the Hugging Face website, and last week the Nightingale collective identified a swarm of rogue AI agents surreptitiously posting messages to an obscure German Wiki page. Now, as…

The industry’s exit drought is due to a pricing standoff between buyers and sellers, not a liquidity crunch. That’s according to Apollo Global Management co-president Scott Kleinman, who noted in a panel at IPEM Global in Paris on Wednesday that sponsors are turning to hybrid capital and take-privates to bridge the gap.

An aerial view of Marvell Headquarters in Santa Clara, California, United States on June 2, 2026. Tayfun Coskun | Anadolu | Getty ImagesMarvell Technology shares fell 6% on Friday despite a second-quarter revenue beat, as its raised fiscal 2028 outlook failed to meet investors’ elevated expectations.The chipmaker said Thursday that it now expects revenue to grow about 50% year-on-year to around $18 billion, higher than its previous forecast of $16.5 billion.Revenue rose 37% to $2.7 billion in its fiscal second quarter. That came in $39 million above the company guidance provided in May. Marvell, which makes networking, connectivity and custom…

This summer, my new AI investment advisor, Mezzi, discovered roughly $300,000 of hidden stock exposure in Google I didn’t know I had. It sounds a little absurd, given the amount. But I’ve been investing in Google for over 15 years, and with a complicated net worth it’s hard to track everything accurately when your mind anchors to old price points. Weeks after I trimmed the position, Google sold off about 10%. I sidestepped over $20,000 in losses. As an AI maximalist, I’m always hunting for new AI products that help build wealth, and for promising private AI companies to invest in. Mezzi…

The public opposition to artificial intelligence and data centers was front and center at the Goldman Sachs Communcacopia + Technology Conference.CoreWeave CEO Mike Intrator told CNBC’s David Faber that companies haven’t explained the technology’s benefits well enough to the public.”I don’t think we have done a particularly good job of talking about the benefits of what the data centers allow the AI companies to be able to deliver to people, to governments, to decision making,” Intrator said in comments that aired Wednesday.The annual conference brings together leaders across the biggest tech and media companies, and AI adoption — along with…

Yes I will be doing a podcast with him.  From Wikipedia: Kevin Roose…is an American author and journalist. He is the author of three books, and is a technology columnist and podcast host for The New York Times. He wrote a book about Liberty University, an evangelical Christian university known for strict rules imposed on students… Kevin of course has a new book coming out, namely The AGI Chronicles: The Inside Story of the Race to Create an Artificial Superintelligence.  I have yet to read it, but I expect it to be gripping. So what should I ask him?