CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said Monday that his bank will disclose markdowns on commercial real estate holdings as the industry …

The GPT-4 logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland.  Jaap Arriens | Nurphoto | Getty Images AMSTERDAM, Netherlands — Major banks and fintech companies claim to be piling into generative artificial intelligence as the hype surrounding the buzzy technology shows no signs of fizzling …

JPMorgan Chase is prepared to pay $290 million in a settlement with victims of the late sexual predator Jeffrey Epstein, a person familiar with the matter told CNBC on Monday. The settlement does not include an admission of liability by the bank, the person said. The announcement of the settlement …

Richard Newstead | Moment | Getty Images Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer. As the largest expense for an average U.S. household, shelter accounts for more than a third of the CPI weighting, the most of any other consumer good …

Jamie Inlow’s ears perked up when her neighbor said the luxe apartment above his rust-red barn sat empty. It was June 2019. Inlow, her husband and their redheaded toddler had just moved to Scottsville, Virginia, 20 miles south of the University of Virginia, where Inlow worked as a student program …

Illustration by Elham Ataeiazar Artificial intelligence is scary to a lot of people, even within the tech world. Just look at how industry insiders have co-opted a tentacled monster called a shoggoth as a semi-tongue-in-cheek symbol for their rapidly advancing work. But their online memes and references to that creature …

Zepz, which owns the WorldRemit and Sendwave brands, has a total headcount of around 1,600. Sopa Images | Lightrocket | Getty Images LONDON — Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions after cutting 26% of its workforce last month, …

British Prime Minister Rishi Sunak speaks to the media during London Tech Week at the QEII centre on June 12, 2023. Ian Vogler | Wpa Pool | Getty Images British Prime Minister Rishi Sunak made a big pitch to the tech community Monday, casting the U.K. as a global center …

Republican Florida Governor Ron Desantis arrives to kick off his campaign for the 2024 Republican U.S. presidential nomination with an evening campaign rally at the evangelical Eternity church in West Des Moines, Iowa, U.S. May 30, 2023.  Scott Morgan | Reuters Florida Gov. Ron DeSantis is coming to New York …

After more than a year of steady rate hikes, the Federal Reserve held its target federal funds rate steady Wednesday. For households, however, that offers little relief from record-high borrowing costs. “It’s not like rates will go down,” said Tomas Philipson, University of Chicago economist and a former chair of the …