Mediaphotos | Getty ImagesFor humans to pass the prestigious, three-part chartered financial analyst exam, it typically takes around 1,000 hours of studying over the course of several years. New research found that the technology underpinning a slew of artificial intelligence models is now advanced enough to pass even the most difficult – Level III – mock exams in a matter of minutes.The new study – developed by researchers from New York University Stern School of Business and GoodFin, an AI-powered wealth-management platform – evaluated 23 large language models on their ability to answer multiple choice and essay questions on mock…
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After a massive 58% weekly surge in refinance demand the week before, mortgage demand stalled again last week, even though interest rates fell further.Total application volume rose 0.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.34% from 6.39%, with points increasing to 0.57 from 0.54, including the origination fee, for loans with a 20% down payment. That is the lowest level since September 2024. That, however, is a weekly average, and last week was particularly…
Jerome Powell gave Alan Greenspan vibes with his latest comments, according to Ed Yardeni. The current Fed chair said Tuesday that “by many measures … equity prices are fairly highly valued.” To be sure, while Powell acknowledged the elevated market valuations, he added that this is not “a time of elevated financial stability risks.” Yardeni, president of Yardeni Research, noted he’s inclined to agree with Powell’s assessment of the stock market. He pointed out the forward S & P 500 price-to-sales ratio is at record levels. He also notes that its forward price-to-earnings ratio is 22.8, just below the tech…
U.S. President Donald Trump speaks as he meets with United Nations Secretary-General Antonio Guterres (not pictured) during the 80th United Nations General Assembly, in New York City, New York, U.S., Sept. 23, 2025.Alexander Drago | ReutersIt’s been a chaotic few days for the tech sector, and industry executives and experts are still assessing how U.S. President Donald Trump’s latest immigration crackdown could shape the future of their workforces. The Trump administration sparked widespread panic Friday after announcing employers will pay a new $100,000 fee for H-1B visas, which are temporary work visas granted to highly skilled foreign professionals. These visas have…
Roger Goodell, NFL Commissioner with Anthony Capuano, Marriott International CEO, CNBC CEO Council Member, speaking at the CNBC CEO Council in Arizona on May 19th, 2025.Chris Coduto | CNBCThe NFL could begin renegotiating its media rights deals as soon as 2026, four years ahead of the current agreement’s opt-out clause, Commissioner Roger Goodell told CNBC in an exclusive interview.A new media rights deal could potentially add billions of dollars to the league’s coffers. The league needs agreement from its current media partners — Disney, Comcast’s NBCUniversal, Paramount, Amazon and Fox — to start discussions on any new deal.The NFL signed…
A Swedish Air Force Saab JAS 39 Gripen jet fighter takes off during the NATO’s Ramsteign Flag 2025 exercice at Leeuwarden Air Base on April 8, 2025.John Thys | Afp | Getty ImagesGlobal defense stocks moved higher on Wednesday after U.S. President Donald Trump, in a major rhetorical shift, said Ukraine could retake territory currently occupied by Russia.In a post published overnight on his Truth Social platform, Trump said that Kyiv, with the support of the European Union and the NATO military coalition, “is in a position to fight and WIN all of Ukraine back in its original form.”The EU…
European stocks have been on a bull run this year — but the region’s outperformance over the U.S. is narrowing as investors assess structural challenges, the long-term outlook and the American AI story. Earlier this year, volatility arising from U.S. President Donald Trump’s trade policies sparked widespread demand for assets outside of the United States . One of the beneficiaries of this movement was Europe , where investors saw a stable but undervalued market. Since the beginning of the year, the outperformance of major European bourses over their U.S. counterparts has narrowed significantly. At the end of the first quarter,…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storyMany in business circles were hoping for a sweeping U.S.-China trade deal, but an agreement now looks even more elusive.The fate of TikTok in the U.S. overshadowed the latest round of trade talks, to the point that it’s now unclear whether both sides are on the same page about what the app’s divestiture from Beijing-based parent ByteDance should look like.Meanwhile, on issues like tariffs, fentanyl and semiconductors, even less has been said…
European shares look poised to open lower on Wednesday, as investors react to a suggestion from Federal Reserve Chair Jerome Powell that equities are “fairly highly valued.”London’s FTSE 100 is expected to open 0.2% lower, according to IG, while the German DAX and France’s CAC 40 are slated to shed 0.3% and 0.4%, respectively.Overnight in Asia, shares broadly moved lower, while U.S. stock futures were flat in the early hours of Wednesday morning.Global markets were rattled after Federal Reserve Chair Jerome Powell on Tuesday said that asset prices, including equities, were trading at inflated levels.”By many measures, for example, equity…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Talk about bad timing. OpenAI’s first Stargate development to come online — a data center in Texas that’s stuffed to the brims with Oracle and Nvidia infrastructure — did so just as investors started questioning the sustainability of the artificial intelligence firm’s trajectory.Shares of Nvidia and Oracle, the major players in OpenAI’s push to establish data centers that are essentially the heart of ChatGPT, fell Tuesday.…
