Jamie Dimon’s JPMorgan and other North American banks are so far ahead in the AI race that one indexing boss says it’s now a question of ‘Can others catch up?’

While the likes of Google, Amazon and OpenAI battle it out in Big Tech for the top spot, JPMorgan is quietly winning Wall Street’s own contest: leading the AI race in banking. At least, that’s according to one expert who appeared at Fortune’s BrainstormAI conference in London this week. For …

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Global stocks and Asian currencies slide on US rate cut reticence

Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets sank and Asian currencies were hit by a rising dollar on Tuesday, as investors’ hopes for rapid US interest rate cuts waned and fears grew over the conflict …

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BofA raises Charles Schwab shares target, cites macro outlook

On Tuesday, BofA Securities adjusted its outlook on Charles Schwab Corp. (NYSE: NYSE:), increasing the price target to $70.00 from $68.00, while maintaining an Underperform rating. The brokerage cited a strong macroeconomic environment for brokers in 2024, with rising equity markets, expectations of fewer Federal Reserve cuts, and a rebound …

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Iran Closed Nuclear Facilities After Israel Attack: UN Watchdog Chief

United Nations, US: Iran temporarily closed its nuclear facilities over “security considerations” in the wake of its massive missile and drone attack on Israel over the weekend, the head of the UN’s atomic watchdog said Monday. Speaking to journalists on the sidelines of a UN Security Council meeting, International Atomic …

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