AI might come for financial firms next — and a weak U.S. retail report weighs on stocks

AI might come for financial firms next — and a weak U.S. retail report weighs on stocks

Traders work at the New York Stock Exchange on Feb. 10, 2026. NYSE What can’t artificial intelligence claim to do nowadays? Tech platform Altruist announced Tuesday a tool to help users carry out tax planning — an act, as everyone knows, more complex than quantum physics — within “minutes.” Financial stocks wobbled on those claims…

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Asia markets mostly rise as investors shrug off weak U.S. retail sales, assess China inflation

Asia markets mostly rise as investors shrug off weak U.S. retail sales, assess China inflation

19 November 2025, China, Shanghai: Boats sail past downtown Shanghai on the Huangpu River. The tallest building on the skyline is the Shanghai Tower (rear). Bernd von Jutrczenka | Picture Alliance | Getty Images Asia-Pacific markets traded mostly higher Wednesday, continuing their rally despite AI fears and weak economic data spooking U.S. investors. The U.S….

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The world’s rich are relocating at a pace unseen in history — where are they going?

The world’s rich are relocating at a pace unseen in history — where are they going?

The movement of the world’s richest families across borders is accelerating into what experts are calling the most significant private wealth migration ever recorded. Demand for cross-border relocation, residency planning and citizenship consultancy services is being driven by geopolitical tensions and sudden policy shifts, advisers who work with ultra-high-net-worth clients told CNBC. According to a…

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The AI threat wrecked software stocks. Now financial stocks look next with LPL down 11%

The AI threat wrecked software stocks. Now financial stocks look next with LPL down 11%

Traders work at the New York Stock Exchange on Feb. 10, 2026. NYSE Shares of financial services firms tanked Tuesday after the launch of a new tax planning tool powered by artificial intelligence that promises to do the work “within minutes.” LPL Financial tumbled nearly 11%, while Charles Schwab and Raymond James Financial both dropped…

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