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Will AI Become An Assistant Or A Master? Experts Beg To Differ At Benzinga Fintech Conference
Tuesday, November 19, 2024 - 3:20pm | 478While artificial intelligence (AI) has excited financial markets in recent years, its ultimate use is still unclear, especially in fields such as fintech. Some experts argue that AI can be a personal assistant to investors. Others expect it will be a successful market participant itself. At...
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'Position For A Recovery In The Stock Market': 8 Experts React To October Jobs Report, What It Means For The Fed
Friday, November 4, 2022 - 10:47am | 676The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday after the Labor Department reported strong U.S. jobs market numbers from October. The U.S. added 261,000 jobs in October, beating average economist estimates of 205,000 jobs. The unemployment rate increased 0.2% to 3.7%, above...
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Why The Fed's Language On Interest Rates Is Moving Markets Wednesday: 'We Will Stay The Course Until The Job Is Done'
Wednesday, November 2, 2022 - 3:46pm | 700The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon after the Federal Reserve raised its benchmark rate by 0.75% for the fourth straight time and indicated that it's paying attention to the cumulative tightening of monetary policy and the lag with...
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'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off
Friday, October 7, 2022 - 1:58pm | 653The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September. The U.S. added 263,000 jobs in September, beating average economist estimates of 250,000 jobs. The unemployment rate fell 0.2% to 3.5%, below consensus...
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Federal Reserve Issues Third Straight 0.75% Interest Rate Hike: What It Means For The Struggling Stock Market
Wednesday, September 21, 2022 - 2:04pm | 672The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months. The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency mortgage-backed...
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Hot Wage Growth, 'Encouraging' Jobs Data: 5 Experts React With Interest Rates Hanging In The Balance
Friday, September 2, 2022 - 11:00am | 497The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday morning after the Labor Department reported strong U.S. jobs market numbers from August. The U.S. added 315,000 jobs in August, beating average economist estimates of 298,000 jobs. The unemployment rate increased 0.2% to 3.7%, above...
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Experts React To 0.75% Fed Rate Hike: 'Don't Think They Will Pause'
Wednesday, July 27, 2022 - 4:11pm | 647The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months. The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 3% on Wednesday afternoon following the rate hike and bullish commentary from...
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TOGGLE AI, IBKR Start Initiative To Lower Trading Costs For Users
Wednesday, May 25, 2022 - 7:29am | 169TOGGLE AI announced an initiative that enables customers to trade for free using Interactive Brokers Group Inc (NASDAQ: IBKR). IBKR clients who use TOGGLE AI will receive a reimbursement for their trading fees each month, as well as special pricing for options contracts, limited to the dollar value...
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Fintech Focus Roundup For October 31, 2020
Saturday, October 31, 2020 - 8:59am | 2108Robinhood Makes It Easier To Track Performance The Nitty-Gritty: As part of a vision to democratize finance for all, Robinhood introduced high-yield savings accounts, fractional and recurring investments in U.S.-listed stocks and ETFs, as well as cryptocurrency and options trading. To make it...
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Meet Toggle, An Investment Research Platform Actually Used By Institutions
Monday, October 26, 2020 - 9:35am | 704Benzinga will be holding its annual Benzinga Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space, on Nov. 10, 2020. In recognition of those disruptive innovators creating positive and diverse change within the financial services space...