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Older, Wealthy Americans Are Delaying Rate Cuts With Their Big Spending

Photo by Matt Bennett via Unsplash

Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.

1 min read
Artificial Intelligence

OpenAI Inks Licensing Deal with the Financial Times to Train Chatbots

Photo by Financial Times via CC BY 2.0

On Monday, the Financial Times said it struck a deal with OpenAI to allow the generative AI darling to license the FT’s content.

2 min read
Consumer

Blade to Launch Hamptons-Bound Luxury Bus Line

Photo by Sue Elias via CC BY 2.0

Tickets start at $195, with passengers treated to free Sweetgreen salads and espresso martinis.

1 min read
Markets

General Catalyst Closes $6 Billion Fund

Photo by Hardik Pandya via Unsplash

It’s a possible sign that the VC industry’s newest chapter is a story of the haves and have-nots.

2 min read

Advisor Upside

Financial advisor news, market insights, and practice management essentials.

Nelson Peltz Says $7B Take-Private Bid Would Let Janus Henderson ‘De-Risk’

Photo via Kris Tripplaar/Sipa USA/Newscom

2 min read
Keurig Dr Pepper’s Shares Fizz Amid Private Equity Cash Infusion

Photo via RICHARD B. LEVINE/Newscom

1 min read
Qualcomm Makes a Play for AI Chip Market Dominated by Nvidia, AMD

Photo via Pradeep Gaur/ZUMAPRESS/Newscom

2 min read

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