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India’s digital commerce companies are preparing for a future in which personal artificial intelligence (AI) assistants could increasingly make online shopping decisions and carry out transactions on behalf of consumers.   Ecommerce platforms, online travel agencies and insurance marketplaces have begun reassessing product pricing, customer acquisition costs and bot-verification systems as AI agents capable of…

Meta’s fast-rising Muse AI agent has emerged as a fresh concern for finance stocks, as investors assess whether autonomous AI assistants could weaken the customer stickiness that supports banks, brokerages and wealth managers. The development weighed on several major financial names yesterday. Charles Schwab SCHW was among the hardest hit, declining 6.1%, while JPMorganJPM and…

The Federal Reserve’s Sept. 16 rate hike could provide a modest tailwind to JPMorgan’s JPM banking revenues, though the overall impact will depend on deposit pricing, loan demand and credit quality. The Fed raised its target range by 25 basis points (bps) to 3.75-4.00%, prompting major banks, including JPMorgan, to increase lending rates. The move…