AI is changing how people view creativity in the workplace. While some leaders have touted AI as improving the creative process at their companies, there are also broader concerns about outsourcing the creative process to the tech. This week, an Adobe survey revealed that 90% of workers want to use creative AI tools at work,…
Nvidia (NVDA +2.39%) disclosed this week that it beneficially owns 9.3% of Nebius Group (NBIS +0.61%), an artificial intelligence (AI) cloud infrastructure provider that has become one of the market’s hottest stocks. The disclosure came in a Schedule 13G (which Nvidia filed under the rule for passive investors) covering about 22.3 million shares. Investors treated…
We have bad news and slightly less bad news. Starting with the latter, today’s mortgage rates are only marginally higher than they were yesterday with the average top tier 30yr fixed rate up 0.02%. The bad news is that this takes our rate index to 6.77%–the highest level since July 28th, 2025. Mortgage rates are…
Sen. Cynthia Lummis (R-Wyo.) released an amended draft of the Clarity Act on Wednesday (July 22), saying it includes a ban on federal officials issuing or sponsoring digital assets and that she aims to reach a deal with Democratic senators within days. It was reported July 17 that Democratic senators’ reservations around ethics issues and…
Munis weakened further Wednesday, as U.S. Treasuries cheapened and equities ended lower. Processing Content Muni yields were cut by up to six basis points, depending on the scale. USTs cheapened by two to four basis points. The 10-year muni-to-UST ratio is now around 70%. Chad Farrington, co-head of muni investment strategy at DWS, said the…
Just Another Reasonably Bad Day For Bonds 2 Hours, 9 Min ago Just Another Reasonably Bad Day For Bonds Bonds had a bad day for the 3rd time this week. The weakness was reasonable in light of fuel prices hitting the highest level since 2022 by some measures. That said, the intraday…
The CFP Board is seeking feedback on proposed revisions to how it evaluates applicants with expunged criminal convictions. The changes would amend the Board’s Fitness Standards, Procedural Rules and Sanction Guidelines, following the establishment of the Criminal Expungement Commission in March. According to CFP Board Counsel Leo Rydzewski, there is currently no language in the…
Health Secretary Robert F. Kennedy Jr. said the new actions — which come after previously announced Medicaid funding deferrals in those states — are part of the administration’s strategy to “stop the fraud before it happens” rather than claw back problematic spending after bad actors are prosecuted, as previous administrations had done. “We have a…
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Helping the people side of AI adoption A dedicated AI enablement team and roles have their value not in technology terms, but for the workforce, according to Diana Bartolic, Head of HR at CCL. “There’s a lot of transformation and change happening in workplaces now, probably more so than we’ve ever seen before,” says Bartolic….