Markets

JPMorgan rolls out Claude changes: ,000 spending limits and extra security

JPMorgan has launched $2,000 monthly spending limits for some employees using Claude Code, internal messages seen by Business Insider show.The cap, along with a new security effort for some Claude users, marks another evolution in how America’s biggest bank is refining its AI use amid ballooning costs and risks, and…

3 takeaways for what the first Fed hike in 3 years means for your wallet

Kevin Warsh is taking a big swing at America’s inflation problem.Alongside the Federal Open Market Committee, the new central bank chair opted to hike rates by a quarter point on Wednesday. It’s the first time the Fed has increased interest rates since summer 2023, and the first policy change under…