ChatGPT-powered Wall Street: The benefits and perils of using artificial intelligence to trade stocks and other financial instruments

  Artificial Intelligence-powered tools, such as ChatGPT, have the potential to revolutionize the efficiency, effectiveness, and speed of the work humans do.

  And this is true in financial markets as much as in sectors like health care, manufacturing, and pretty much every other aspect of our lives.

What’s a bear market? An economist explains

   A 16th-century proverb advises: “It’s unwise to sell a bear’s skin before catching it.”

  That’s one of the stories used to explain why, in modern times, Wall Street types call someone who sells a stock expecting its price to drop a “bear.” It follows that a market in which securities or commodities are persistently declining in value is known as a “bear market,” like the one U.S. stocks are experiencing now.

Joe Valenti: Please stand up if you support financial deregulation

  The first 100 days of the Trump administration have had no shortage of broken promises to American workers and families. But the president’s troubling promise “to do ‘a big number’” on Dodd-Frank—the financial reform law passed in 2010—may actually be kept. Congress takes a big step toward that goal this week when the House Financial Services Committee votes on the Financial CHOICE Act, committee Chairman Jeb Hensarling’s (R-TX) bill that would largely undo financial reform. The sweeping, 593-page bill would take a wrecking ball to financial reform, undermining tools that regulators use to safeguard the financial system and decimating key consumer and investor protections.

Alex Rowell: Trump’s 100 days of failing working Americans

  President Donald Trump ran for office promising to bring back good jobs, accusing entrenched corporate interests—as well as falsely blaming immigrants—for many Americans’ economic struggles. During the closing months of his presidential campaign, he spoke out against “economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations and political entities.”

  One hundred days into his administration, it is clear that Trump’s economic populism was mostly just talk. He has broken his promise to stand up for American workers, and his administration’s actions have combined the worst elements of right-wing policies: doing the bidding of corporate interests while attacking immigrants and people of color.

Cameron Smith: Government-supervised financial sector may lose value

  JPMorgan Chase recently disclosed a $2 billion trading loss associated with its principal risk management unit. For a bank with a capital base of almost $200 billion, a loss of $2 billion is more of a grand annoyance than a “systemic risk,” but the political rhetoric has been explosive.   Despite the reality that taxpayer-backed deposits were not actually at risk, droves of politicians from the left are clamoring that JPMorgan’s loss is ample evidence that more government regulation is necessary while the political right is wavering on its commitment to repeal Dodd-Frank.

  But is federal control truly a better alternative? Greed, incompetence, and all sorts of other negative monikers could be applied to the American financial services industry at times. The same President, politicians, and bureaucrats who have shepherded almost $16 trillion in federal debt are gearing up the immense regulatory authority under Dodd-Frank to put the screws to banks concerning fiscally responsible behavior.