"We don't know exactly what role #AI will play, but we know it's going to be a big and important one." #Citi CEO #JaneFraser weighs in on #artificial #intelligence. #business #money #2024 #YearInReview #finance

Net #worth coming from #inheritance, not earned #income, is on the rise. Chayce Horton of Cerulli Associates says this jump is a confluence of three trends. Watch "Wall Street Week" with David Westin on Fridays to learn more. #finance #money #wealth

The #Nordstrom family is joining forces with a Mexican #retailer to take its namesake department store private in an all-cash transaction valued at about $6.25 billion, including debt. The founding family is betting that the century-old retail chain will be more successful without the scrutiny and demands of the public market after shares in Nordstrom plunged 40% in the last five years. #fashion #clothes #business #stocks #money #investing #finance

The Federal Reserve is expected to make the third successive cut to interest rates today and then we'll know more about the Fed's path. In other news, Honda is pursuing Nissan for a deal, according to people familiar with the matter. Manus Cranny reports. @manus_cranny #stocks #markets #investing #finance #money #inflation #economy

Ankur Daga, the #CEO of Angara, an online jeweler, discusses how lab-grown #diamonds are disrupting the #jewelry industry by becoming cheaper and more accessible. #fashion #business

Citigroup #CEO Jane Fraser said #geopolitics is going to be the "biggest shift in the world of #finance," and a "big differentiator" alongside innovations in #technology and the green transition. #Citi #investing #business #markets #stocks

Which #AbuDhabi spots should you make sure to hit with one hour left in the city? Mohamed Al Mubarak, chairman of Abu Dhabi's Department of #Culture and #Tourism and Aldar Properties, tells David Rubenstein on "Peer to Peer Conversations." #travel #business

Takeovers of London-listed companies are shrinking the #UK stock market at the fastest pace in more than a decade. Ben Scent explains. #stocks #markets #economy #investing #finance

"Dr. Doom" or Nouriel Roubini, CEO at Roubini Macro Associates, pushes back against his nickname, saying he is more of a "Dr. Realist" and details upsides he sees in economic growth. #economy #inflation #money #finance

#BlackRock agreed to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world’s largest asset manager into the highest ranks of private credit. #finance #investing #money #WallStreet #business