Artificial intelligence (AI) has made its way into the financial sector with JPMorgan Chase rolling out a generative AI assistant for tens of thousands of its employees. This move marks the beginning of a broader plan to integrate AI technology throughout the financial giant. The program, known as LLM Suite, is already in use by
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The stock market has been witnessing a mix of positive and negative trends in recent sessions. Companies like E.l.f. Beauty and Paramount Global have shown significant gains in sales and stock performance. However, other companies like Sweetgreen and Archer Aviation have experienced ups and downs in after-hours trading. This erratic behavior reflects the unpredictable nature
Delta Air Lines recently revealed that the CrowdStrike outage that occurred last month had significant financial repercussions, costing the company approximately $550 million. This hefty price tag includes a $380 million revenue hit in the current quarter, primarily due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, the airline
E.l.f. Beauty, a cosmetics retailer, has been experiencing tremendous growth in sales, with a 50% increase in the latest fiscal quarter. While the company exceeded quarterly estimates, the growth did not meet the high expectations set by Wall Street. Despite raising its full-year guidance, the outlook fell flat compared to the significant first-quarter beat. This
Credit card debt in the United States has reached an all-time high, with Americans collectively owing a staggering $1.14 trillion on their credit cards. The average balance per consumer has also seen a significant increase, standing at $6,329, up by 4.8% year over year. Additionally, credit card delinquency rates are on the rise, indicating that
Eli Lilly shocked the market by reporting second-quarter earnings and revenue that exceeded all expectations. The company’s revenue outlook for the year has been raised by a staggering $3 billion, a move that sent shares soaring by more than 7%. This incredible growth is primarily attributed to the exceptional sales performance of two of their
Dolce and Gabbana’s recent release of a luxury perfume for dogs has caused quite a stir among animal welfare organizations. Priced at over $100, this fragrance mist for dogs is marketed as a lavish product inspired by the brand-owner’s own pet. While the company claims that the perfume has been certified as safe for animal
Siemens, the German industrial technology giant, has reported a quarterly operating profit of 3 billion euros, surpassing analyst expectations. This represents an 11% increase from the same period last year. Despite a 15% decline in comparable orders, the company highlighted growth in its digital industries and smart infrastructure sectors. However, the mobility business experienced a