80% of workers make this 401(k) mistake when they retire

A jump in corporate artificial intelligence spending has not translated into a corresponding boost in earnings. That’s according to a report Sunday (Aug. 16) by Seeking Alpha, citing an analysis from Goldman Sachs which found that just 2% of S&P 500 companies quantified the effects of AI in second-quarter earnings reports. Of those, 11% cited…

Week Ahead: U.S. CPI, China's Q2 GDP, And Bank Of Canada Meeting Featured

Investing in semiconductor stocks a few years ago looks like a genius move today. The artificial intelligence (AI) boom has turned the sector into one of the market’s best performers. It’s dangerous to look at historical returns and use them as expectations going forward, especially for a sector that’s performed as well as semiconductors. But…

Savvy Wealth founder and CEO Ritik Malhotra. Credit: Savvy Wealth/ Businesswire. AI-native advisory platform Savvy Wealth has completed a $100m Series C funding round, with Halo Fund as the lead investor.  Existing backers that joined the round included Thrive Capital, Industry Ventures from Goldman Sachs, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures and…

One Los Angeles restaurant group traded $60,000 on Kalshi to hedge against the Dodgers’ abbreviated playoff run, and it’s just one example of how prediction markets are transforming how companies, particularly small businesses, are calculating and responding to risks. Kalshi told Fortune that the hospitality group, which was unnamed but operates 25 bars, including several…

Lisa Su, Advanced Micro Devices’ chief executive, doubled down on her support for open-source AI models on Thursday, reaffirming her commitment to the technology framework after a high-profile security breach this week involving OpenAI agents was ultimately resolved by an open-source model. “I think open source is a great thing,” the AMD CEO said, addressing…