Despite progress, nearly 30 states still lack deed theft laws: EquityProtect study
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FCA's Landmark AI Review Lands After the Agents Already Arrived
The UK’s Financial Conduct Authority published a wide-ranging review of artificial intelligence in retail financial services today (Monday), the first of its kind commissioned by a financial regulator globally, the FCA said. The report, led by FCA executive director Sheldon Mills and known as The Mills Review, concludes that AI is likely to reshape how…
Greg Brockman Takes Over OpenAI Product Business
OpenAI President and Co-Founder Greg Brockman will oversee the company’s ChatGPT product business following the departure of Fidji Simo that was announced Thursday (July 9), CNBC reported Friday (July 10), citing unnamed sources. Brockman has handled product responsibilities since Simo took a medical leave in April, and he will continue to do so after Simo said Thursday that…
Block Pays $45 Million to Settle Cash App Fraud Probe
Block will pay $45 million to settle allegations from 46 states that the company misled consumers about the safety of its peer-to-peer payments app, Cash App, and failed to provide the fraud protection and resolution required by law. The investigation was led by Oregon and Texas, the Oregon Department of Justice said in a Wednesday (July 8) press release. The states alleged…
Mag 7 and software could boost portfolio in second half: ETF Action
Overlooked market areas may have a banner second half of the year. ETF Action co-founder Mike Akins is encouraging investors to boost exposure to groups that underperformed compared with major artificial intelligence stocks. He told “ETF Edge” this week that his list includes software and cloud computing names. Many have fallen from “nosebleed valuations” and…
U.S. Pending Home Sales Rise to Highest Level in 6 Weeks
Pending home sales ticked up as housing payments temporarily dipped down. U.S. pending home sales rose 1.3% from a week earlier to their highest level since the first half of May during the four weeks ending July 5. This data is seasonally adjusted. Homebuying demand picked up partly because of temporarily declining mortgage rates. The…
Brightline Florida distress could pressure West Coast sister project
Rendering of Las Vegas Brightline West station.Brightline West Brightline Florida’s expected restructuring may chill investor enthusiasm for its West Coast sister project as Brightline West tries to assemble a $21 billion financing package for what aims to be the country’s first electric high-speed train. Processing Content With the same corporate parent, some cross pollination between…
