Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON โ The boss of British financial technology giant Revolut told CNBC he is optimistic about the company's chances of being granted a U.K. banking license, as a jump in users saw the firm report...
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A new index is using AI tools to measure U.S. economic growth in a broader way
David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange.Source: NYSEMeasuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.The Zeta Economic Index, launched Monday, uses generative AI to analyze what its...
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year's second half.VettaFi's Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell's annual rebalancing."It's worth paying attention to...
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter...
Millionaires are abandoning the UK in droves, new research shows
Zhangkun | Moment | Getty ImagesLONDON โ A record number of millionaires is expected to leave the United Kingdom this year, according to new research, with this year's general election expected to further exacerbate the exodus.The Henley Private Wealth Migration Report indicates that Britain will experience a net loss of...