CNBC Daily Open: Financial firms wobble on AI threats and disappointing U.S. retail sales

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What can’t artificial intelligence claim to do nowadays? Tech platform Altruist announced Tuesday a tool to help users carry out tax planning — an act, as everyone knows, more complex than quantum physics — within “minutes.”

Financial stocks wobbled on those claims as investors feared AI tools could replace — or at least lower the value of established advisory firms and banking names. LPL Financial

lost 8.3%, Charles Schwab

CNBC Daily Open: Financial firms wobble on AI threats and disappointing U.S. retail sales

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