Finance News
SEC settles its first AI-washing cases for a combined $400,000
Two advisers paid penalties in March 2024 for overstating their use of machine learning, and the orders turn on the gap between claimed and actual model use.
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Finance News
Finance News coverage from UZU NEWS.
Finance News
Every backtest is one of many: what the trial count does to measured performance
Ten trials are enough to yield an in-sample Sharpe ratio of 1.57 from strategies with zero expected out-of-sample performance. What validation, multiple-testing…
Finance News
July FOMC holds again — this time with three members voting to raise
The 9-3 vote on July 29, 2026 kept the range at 3.50 to 3.75 percent, the year's first hawkish dissents arriving after a unanimous June.
Finance News
AI-washing is not a model failure: what the SEC's enforcement actually measured
The SEC's first AI-washing settlements penalized false marketing about artificial intelligence, not a model's forecasting accuracy — a distinction that matters…
Finance News
CPI cools to 3.5 percent in June, from 4.2 in May
The 12-month rate fell sharply on a 0.1 percent monthly print — energy mechanics and base effects deserve the credit before narratives do.