Hedge-fund manager Brian Kelly has slashed his annual labor-related costs from approximately $5 million down to between $30,000 and $40,000 by replacing his human staff with agentic artificial intelligence at his new trading firm, Bracket22, according to reports. Bracket22 Replaces Human Payroll With Autonomous AI Agents Kelly, a former trader featured on CNBC’s “Fast Money,” … Read more
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh christened Monday’s gathering of the Group of 20 finance ministers in Asheville, North Carolina, by emphasizing economic growth as the primary solution to mounting global financial pressures. Bessent told reporters before the two-day event that the world is awash in debt and that growth provides … Read more
According to Jamie Dimon, CEO of JPMorgan Chase, the stock market feels a little too complacent about risks, drawing on what happened during the dot-com boom (and bust) of the late 1990s. Speaking on the Master Investor Podcast with Wilfred Frost, Dimon said that the stock market feels a little too complacent about risks. Jamie … Read more