Mastercard launches GPT-like AI model to help banks detect fraud

BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images Payments giant Mastercard says it has built its own … Read more

Stock market today: Live updates

Only 3 S&P 500 sectors on track to end the week in the negative After notching a record close for five trading days in a row, the S&P 500 is on track to end the week up more than 1%. The index’s gains have largely been led by the energy and communication services sectors, respectively … Read more

World’s largest hedge funds record bumper year of profits

Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading fund managers made $67 billion in investor profits in 2023, up from the $65 … Read more

EU laws approved but US is top cop

A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images Regulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it was the U.S. that took some of the harshest … Read more

Last-minute holiday shoppers face fraud risks. These 5 tips can help

Betsie Van der Meer | Getty If you’re a last-minute holiday shopper still checking off the remaining gifts on your list, beware: You could be putting yourself at risk for fraud. “Procrastination is, quite frankly, one of the keys to success for crooks,” Paul Fabara, chief risk officer at Visa, recently told CNBC. “They assume that … Read more