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Wells Fargo Advisors names electric utilities as the chief beneficiary of AI and data center spending now driving stock market performance, pointing to dividend yields near 3%. Key Points: Wells Fargo Advisors ties recent stock market strength to spending on AI and data centers. The firm calls elect

Morgan Stanley doubled its forecast for AI-driven job losses across Europe's banking sector, saying as much as 20% of the workforce could disappear by 2030. Key Points: Morgan Stanley now projects up to 400,000 European banking jobs could be cut by 2030, double its January estimate. The hardest-hit

The European Central Bank has called the region's largest banks to a Tuesday meeting over cybersecurity risks tied to advanced artificial intelligence models, including Anthropic's Claude Mythos. ECB Summons Banks Over Mythos Threat The regulator wants lenders to deploy software patches far faster,

The maker of ChatGPT on Friday opened a preview that lets paying U.S. users link their bank, brokerage and credit card accounts to the chatbot. OpenAI Plaid Partnership The feature, restricted to ChatGPT Pro subscribers in the United States, was unveiled by OpenAI in a blog post. It runs on a partne

JPMorgan Chase has filed with U.S. regulators to launch a tokenized money market fund on Ethereum, built to hold reserves for stablecoin issuers. SEC Filing Details The bank submitted the registration on May 12 to the Securities and Exchange Commission, according to documents reviewed and a filing s