Steve Cohen says his firm can already save $25 million by using AI

Steve Cohen at Point 72 Asset Management. Adam Jeffery | CNBC You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world. The Point72 founder told CNBC’s Andrew Ross Sorkin on “Squawk Box” that his financial firm has found ways for even the early … Read more

Stripe reveals it passed $1 trillion in total payment volume in 2023

Fintech giant Stripe revealed in its annual letter published on Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. The milestone, which comes 15 years after the company was founded, offers a glimpse into the financials of one of the world’s largest private companies and how fast it’s … Read more

Jamie Dimon warns on U.S. economy in 2024, 2025

JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at … Read more