Finance

Electric vehicles (EVs) have been touted as a cost-effective alternative to traditional gasoline-powered cars. While initial purchase prices may be higher for EVs, the overall lifetime cost could potentially be lower due to cheaper fuel and maintenance costs. Experts suggest that as battery prices continue to fall, EVs will eventually reach cost parity with gasoline
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Investors looking to hedge against recent market volatility may find buffer ETFs to be a valuable asset. Bruce Bond, the CEO of Innovator ETFs, points out the advantage of buffer exchange-traded funds in providing protection from the market’s downside. According to Bond, this strategy caters to individuals who want market exposure without fully risking their
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Financial technology firm Klarna is making waves in the banking industry with the introduction of new products that aim to disrupt traditional retail banking. The company, known for its buy now, pay later loans, is expanding its offerings to include a checking account-like product and a cashback program. Klarna’s CEO and founder, Sebastian Siemiatkowski, highlighted
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The recent sharp stock-market selloff due to recession fears has raised concerns among investors. The S&P 500 index experienced a 3% loss, which was the worst in almost two years. Weaker-than-expected job data has fueled these concerns, hinting at a possible downturn in the economy. The Federal Reserve’s goal of achieving a “soft landing” might
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Mega events like the Olympic Games and major concerts have been known to cause a surge in prices for various goods and services, including hotel rooms and airline tickets. However, according to UBS, the impact of these events on the average consumer may not be as significant as one would expect. The method used to
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In recent weeks, JPMorgan Chase has made a significant move by introducing a generative artificial intelligence assistant, known as LLM Suite, to tens of thousands of its employees. This initiative marks the initial phase of a broader plan to integrate AI technology throughout the financial institution. With the goal of enhancing efficiency and productivity, the
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