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Citigroup Employees Have Pitched 350 Use Cases for Generative AI
Citigroup Employees Have Pitched 350 Use Cases for Generative AI
October 27, 2023  |  artificial intelligence

Citigroup is planning to leverage generative artificial intelligence (AI) to analyze documents, improve efficiency and ensure compliance with regulations. The potential applications of generative AI within...

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JPMorgan CEO Jamie Dimon to Sell 1 Million Shares
JPMorgan CEO Jamie Dimon to Sell 1 Million Shares
October 27, 2023  |  Banking

JPMorgan Chase & Co. Chairman and CEO Jamie Dimon and his family plan to sell 1 million shares of JPMorgan stock. They are doing so for financial diversification...

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Shein and Authentic Brands Partner on Co-Branded Forever 21 Collection
Shein and Authentic Brands Partner on Co-Branded Forever 21 Collection
October 27, 2023  |  Retail

Fast-fashion platform Shein and brand portfolio owner Authentic Brands Group have formed a partnership that will bring the Forever 21 brand to Shein’s platform. Under this strategic agreement, Shein will design,...

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Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
Capital One Reports Delinquency Rate Back to Pre-Pandemic Level
October 26, 2023  |  Consumer Finance

The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. The 30-day performing...

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Google Emphasizes Importance of Innovation in Antitrust Trial
Google Emphasizes Importance of Innovation in Antitrust Trial
October 26, 2023  |  ANTITRUST

Google executive Prabhakar Raghavan testified Thursday (Oct. 26) in the search and advertising giant’s ongoing antitrust trial, shedding light on the challenges the company faces...

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Schumer: Legislation Is the ‘Only Real Answer’ to Regulate AI
Schumer: Legislation Is the ‘Only Real Answer’ to Regulate AI
October 26, 2023  |  artificial intelligence

President Joe Biden is preparing an executive order dealing with artificial intelligence (AI). The Senate’s top Democrat, however, reportedly believes action on AI needs to come...

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Camping World and Instacart Partner on Delivery of Outdoor Gear
Camping World and Instacart Partner on Delivery of Outdoor Gear
October 26, 2023  |  Retail

Camping World has become the first dedicated camping and recreational vehicle (RV) supplies retailer to partner with Instacart for same-day delivery. This collaboration allows Camping World customers to...

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Bankman-Fried: I Trusted FTX’s Lawyers to Guide Company
Bankman-Fried: I Trusted FTX’s Lawyers to Guide Company
October 26, 2023  |  Legal

FTX founder Sam Bankman-Fried says the company’s ex-attorneys were central to its collapse last year. That testimony came Thursday (Oct. 26) afternoon during Bankman-Fried’s criminal...

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Bread Financial Reports Economic Pressures Driving Higher Delinquency Rate
Bread Financial Reports Economic Pressures Driving Higher Delinquency Rate
October 26, 2023  |  Earnings

Bread Financial Holdings reported that its credit card net loss rate in September was slightly lower than it was a year ago while its delinquency...

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