D-Wave Quantum: Tread Lightly On Quantum Hype
D-Wave Quantum: Tread Lightly On Quantum Hype
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PSLF rule changes student loan borrowers should know about
Xavier Lorenzo | Moment | Getty Images While federal courts have blocked the Trump administration’s efforts to curb eligibility for Public Service Loan Forgiveness, other recent changes still impact borrowers’ ability to benefit from the program. For example, a new repayment plan doesn’t qualify for PSLF, and many parent borrowers may now be locked out…
OpenAI Has Seen a ‘Resurgence’ of Interest in Secondary Markets.
For most of this year, investors couldn’t get enough of Anthropic while largely ignoring OpenAI. Now the tide is turning: although Anthropic remains the clear favorite, OpenAI is experiencing a significant surge in demand after it released highly touted new models and saw success with its AI coding agent, Codex. “In the last month, there…
Unspoken Rules Have Made Our Multigenerational Household Work
We’ve been living with my parents in a multigenerational home in Australia since March, when they came home from traveling, and it’s been a rollercoaster with plenty of ups and downs. But it’s one I wouldn’t trade. My sassy 3-year-old is the youngest member of our household; the oldest is my 81-year-old dad. From the…
Fidelity Expands SMA Lineup for Advisors
Fidelity Investments announced the addition of six new custom strategies and two new models to its SMA lineup for RIAs and broker/dealers. In addition, Fidelity launched new equity model SMAs that can be integrated into UMAs to offer a tax-efficient approach to portfolio management. The firm’s Institutional Tax-Managed Enhanced Equity and Institutional Tax-Managed Fundamental Equity…
JPMorgan posts record profit on big gains from dealmaking, stock trading
JPMorgan Chase reported a record second-quarter profit on Tuesday, as a wave of big-ticket IPOs and dealmaking helped drive investment banking fees to their highest levels since 2021, while its trading desk capitalized on volatile markets. Revenue rose across all business units at the bank. Investment banking rode a sharp rebound in the U.S. IPO…
RBI proposes one-time nod for MFs, insurers to raise bank stakes | Mutual Funds
The Reserve Bank of India (RBI) on Tuesday proposed doing away with the requirement for mutual funds, insurance companies and pension funds to seek fresh approval for every subsequent acquisition of major shareholding in the same bank by introducing a one-time approval mechanism. At present, these entities must obtain prior RBI approval to…
