Raymond James Sets CEO Transition Date

Published on December 4, 2024

Paul Reilly will step down from his CEO responsibilities Feb. 20, with Paul Shourkry taking over.

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Health-Care Spending Is Sinking the Federal Budget

December 4, 2024
The $1.8 trillion federal budget deficit in the fiscal year that ended in September was the third biggest ever in dollar terms, trailing only the pandemic deficits of the 2020 and 2021 fiscal years. As a share of gross domestic product, a better gauge for historical comparisons, it was, at 6.4%, the biggest ever outside of a large war or global crisis.

China Tech Stocks Left Behind in Traders’ Hunt for AI Winners

December 4, 2024
China’s major technology stocks have been left behind in this year’s global frenzy over artificial intelligence, and a lack of demand for actual AI usage coupled with geopolitical pressures make it unlikely they can cash in anytime soon.