JPMorgan Addresses 'Rogue Agents' as AI Gives Banks New Security Problems
JPMorgan is restricting outside AI agents as Citi and Bank of America invest in AI tools and cybersecurity to protect customers.
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US stocks fell Wednesday as Nasdaq dropped 1.54% and Dow 0.35%; Bank of America sank 5% after weak results, while oil rose and inflation topped forecasts.
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JPMorgan is restricting outside AI agents as Citi and Bank of America invest in AI tools and cybersecurity to protect customers.
Major stock indexes declined on October 14, 2026, as a hotter-than-expected CPI report of 3.7% revived concerns about potential Federal Reserve rate hikes. The S&P 500 fell 0.91%, the Nasdaq dropped 1.31%, and the Dow slipped 0.09%. The semiconductor sector led declines with a 10% drop over five days, while Bank of America fell 6% following a $1.2 billion regulatory fine. CoreWeave plummeted 15% due to rising bond yields, and GlobalFoundries surged after securing a major U.S.-Japan semiconductor initiative with up to $21 billion in funding.
Berkshire Hathaway has risen 10 sessions in a row, its first such streak since January 2018 and the first under CEO Greg Abel.
Bending Spoons stock surges 45% as Berkshire Hathaway invests another $330 million, raising its stake to 4% and backing future acquisitions.
U.S. stocks mostly fell, but Bending Spoons surged 40% after Berkshire’s $330M investment. Liquidia and Verastem also posted strong gains.