Gartner predicts that AI software spending will surge to $298bn (£230bn) by 2027, up from $124bn (£96bn) in 2022. As investment in the technology balloons, finance leaders are under pressure to figure out if it will deliver on its promises of growth and productivity. Most businesses assume that AI can boost their bottom lines, but
KANSAS CITY, Mo. (KCTV) – An increasing number of people in the metro have been cheated out of their money through cryptocurrency scams. Scammers can get you even if you don’t use it. Cryptocurrency scams have stolen billions worldwide and can snatch up your savings, too. Now, law enforcement has stepped up their game to
Loan performance showed signs of worsening last month, with foreclosure numbers reflecting a potential pivot to what had been improving trends among distressed borrowers. Foreclosure filings, including default notices, scheduled auctions or bank repossessions, appeared on a total of 31,929 U.S, mortgaged properties in July, representing one out of every 4,414 units, according to real
For all the fretting over office building loans at banks, relatively few observers are worrying about the growing strain among business borrowers. The stress is nowhere close to Great Recession levels, but it’s nonetheless risen quickly as businesses struggle to keep up with inflation and higher interest rates. Business bankruptcies are up, suggesting that banks
Whistleblower’s disclosures are a vital tool in identifying incidences of fraud and protecting businesses from any potential financial and reputational repercussions. However, finance professionals are becoming increasingly reluctant to blow the whistle. More than half (52%) of people working in the finance sector have spotted or suspected internal fraud in their workplaces, according to a new
San Mateo County immigrant defense organizations and community members are rallying in one final effort to convince supervisors to allocate sales tax money toward rapid response and removal defense services for the upcoming fiscal year. The county has supported removal defense services provided by a network of legal services and community-based organizations since 2018. Funding
The 2024 stock market rally has some everyday investors looking to ratchet up the risk. The 2024 stock market rally has some everyday investors looking to ratchet up the risk. Thrill-seeking investors are turning to single-stock exchange-traded funds, a relatively new product that aims to amplify the return of one stock using borrowed money or