Vale ADR earnings missed by $0.17, revenue topped estimates

Key insight: Credit unions are expressing less concern about AI model risk, according to American Banker research.   What’s at stake: As more financial institutions use AI, the risk of models performing outside of their training will become a broader threat.  Expert quote: “AI is no longer a future issue. The decisions credit unions make today…

The head of Douglas Elliman’s New York City brokerage is stepping down, The Real Deal has learned.  Richard Ferrari, who served as CEO of Elliman’s New York City and Northeast operations since 2021, is retiring from his position to take on a role as a senior executive adviser in the region, according to an e-mail…

Volatility has been the name of the game so far this year. And I’m not talking just about the stock market. Projections for what the 2027 Social Security cost-of-living adjustment (COLA) will be have also been all over the map. As a case in point, in January, The Senior Citizens League (TSCL), a nonprofit organization…

Fund review: Bandhan Flexi Cap Fund

(Bloomberg Opinion) — When the Supreme Court voted narrowly to preserve the independence of the Federal Reserve at the end of June, many investors breathed a sigh of relief. It may have been premature. Because on the same day, in another decision, the court killed the independence of every federal agency — including the Securities…

Being diagnosed as neurodivergent in adulthood can leave people processing their condition and in need of flexibility from their employer, while they determine the support they need. Nathyn Kerchhoff, neuro-inclusive business consultant, said many people waited as long as five years for a diagnosis and businesses needed to consider how to make reasonable adjustments…