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11/02/2026
New York silver futures fell 3% intraday, now trading at $79.65 per ounce.
Latest
4 m ago
Federal Reserve Chairman Powell: It is too early to assert what kind of impact artificial intelligence will have on the economy.
5 m ago
Federal Reserve Chairman Powell: It is crucial to achieve the 2% inflation target before adjusting interest rates again.
6 m ago
Federal Reserve Harker: Achieving the 2% inflation target is crucial.
7 m ago
Federal Reserve Hammack: Concerned that inflation may be deeply rooted in the economy, but current inflation expectations are still under control.
7 m ago
After the financial software company Altruist introduced an artificial intelligence tool for tax planning, stock prices in the tax planning and wealth management sector plunged significantly on Tuesday, as the market worried that traditional institutional business models could face disruption. Jiaxin Wealth Management's stock price fell by 8.1% at one point, and other wealth management companies were also under pressure, with Raymond James Financial dropping by 8.5%, LPL Financial Holdings by 8.4%, and Stifel Financial Corp. by 7.2%. The new tool released by Altruist on Tuesday can help financial advisors tailor strategies for clients and generate documents such as pay stubs and account statements. Analysts believe that this round of selling appears to stem from broader concerns in the market about the potential disruption of financial advisors and wealth management models by artificial intelligence. Investors are likely focusing on issues such as the weakening of competitive advantages in efficiency, long-term fee compression, and potential shifts in market share.
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