Markets

Citi tech chief Tim Ryan explains why he won’t track employees’ every AI move

Around 45 minutes into Citi’s second-quarter earnings call, when talking about AI efficiencies, the bank’s chief financial officer name-dropped another executive: Tim Ryan.Citi is counting on Ryan, the head of technology, to catapult it past an era of outdated technology and regulatory scrutiny, in part by leveraging AI. Ryan oversees…

Why 9 planes had to declare an emergency above one of Europe’s busiest airports

Nine airplanes flying over London declared emergencies early Wednesday morning after an incident at one of Europe’s busiest airports.In total, 14 flights scheduled to land at London Gatwick Airport diverted to other airports between midnight and 1 a.m.Gatwick is the UK’s second-busiest airport and ranks 11th in Europe, having handled…

Teen babysitters provide a lot more than inexpensive childcare for my kids

I joke that most of the neighborhood’s teenagers are on my payroll, but it’s almost true. I’ve gotten referrals from friends, approached them on the street, and asked teachers at the school for names of responsible students.In a family with two working parents, we need support. I’m self-employed, so my…

Jamie Dimon says he understands anti-rich anger over wealth inequality

JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting in a recent interview that he completely understands why many have grown “anti-rich.” The Wall Street billionaire argued that decades of ineffective public policies have left lower-income families behind in struggling rural areas and…