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JPMorgan Unveils In-House Chatbot To Enhance Research Capabilities: Report

JPMorgan Chase & Co. Has reportedly started deploying its AI tool. The bank has provided its employees with access to a large language model named LLM Suite. Executives say the tool can perform tasks of a research analyst. About 50,000 employees now have access to the tool.

The Top Three Sectors Benefitting from Tech’s Decline

Sector rankings to consider with a market rotation underway

Financials Tech Energy Consumer Sector rankings to consider with a market rotation underway. A stock market rotation has been seen in recent weeks. Seeking Alpha polled 1,000 subscribers on the strongest and weakest sectors of the market in July. The graphic below reflects the dominant responses for each sector.

Surprise Q2 GDP Growth, Inflation Eases — 'Economy Is Much Stronger Than People Realize': 7 ETFs On The Move

U.S. Gross domestic product grew 2.8% in the second quarter, surpassing the 2% estimate. Inflation pressures eased to 2.6%. U.S equity futures turned positive following the GDP report, reflecting a resurgence in risk sentiment. In the secondquarter, the U.s. Saw a robust real growth of 2.7%.

What to Expect From PayPal’s Next Quarterly Earnings Report

PayPal Holdings, Inc. (PYPL) is expected to announce its Q2 earnings before the market opens on Tuesday, July 30. The fintech company enables digital payments on behalf of merchants and consumers. PayPal stock is down 5% on a YTD basis. Analysts expect PayPal to report a profit of $0.96 per share.

KCE: A Capital Markets Boom Possible In 2025, IPOs Tick Up

GDP Q2 Preview: 5 ETFs To Monitor Thursday As Economic Data Unfolds

U.S. Economy is expected to grow by 2% in the second quarter of 2024. The advance estimates for second quarter’s gross domestic product will be released on Thursday. The Atlanta Fed has raised its second-quarter real GDP growth forecast to 2.7%. The first-quarter GDP grew at 1.4% in 2024.

US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?

The S&P 500 index is heading toward its worst close in over a year. The tech-focused Nasdaq 100 is eyeing its fifth decline in the last six sessions. The Magnificent Seven group of tech companies wiped out over $570 billion in their combined market valuation. Tesla shares plummeted over 11% after missing earnings expectations.