Latest news with #AbbyJosephCohen
Bloomberg
30-07-2025
- Business
- Bloomberg
Abby Joseph Cohen on Fed Rates, Tariff Concerns and M&A
Abby Joseph Cohen, a Columbia Business School professor, says she's concerned about the potentially disruptive economic impact of President Donald Trump's tariffs in the second half of the year, which she sees as being at the level of Smoot-Hawley tariffs. Speaking on "Bloomberg Open Interest," Abby Joseph Cohen also discusses Federal Reserve monetary policy and Palo Alto Networks agreeing to buy CyberArk Software. (Source: Bloomberg)
Bloomberg
30-07-2025
- Business
- Bloomberg
Abby Joseph Cohen Says Fed Likely on Hold, May Cut in 2H
Abby Joseph Cohen, a Columbia Business School professor, says she's concerned about the potentially disruptive economic impact of President Donald Trump's tariffs in the second half of the year. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Bloomberg
30-07-2025
- Business
- Bloomberg
Single Best Idea: Abby Joseph Cohen
Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. In this episode, we feature a conversation with Abby Joseph Cohen. Watch Tom and Paul LIVE every day on YouTube:
Yahoo
26-04-2025
- Business
- Yahoo
Finance execs are the new targets of deepfake videos
It's no secret that AI-generated hyper-realistic impersonations known as deepfakes have become more sophisticated. Last year, it was a wake-up call when a finance worker was duped by a fraudulent AI-digitally manipulated video featuring a deepfake of the firm's CFO ordering money transfers that cost the Hong Kong-based company millions. But now fraudsters are imitating prominent finance professionals on Instagram. In a new report, Fortune's Jim Edwards details how a video ad campaign on Instagram used a convincing deepfake of Goldman Sachs executives Abby Joseph Cohen and David Kostin. The goal was to tempt amateurs who want to get rich quickly into a stock-buying WhatsApp group. 'Abby Joseph Cohen is a legend in the world of investing,' Edwards writes. 'She was chief investment strategist at Goldman Sachs until 2008, when she moved to the bank's Global Markets Institute, before retiring from Goldman in 2021. Currently, she is a professor at Columbia Business School.' So it was most likely a surprise for retail investors to see Joseph Cohen in a video on their Instagram feed with a compelling offer: 'We have found three severely undervalued technology stocks. Join my group now to get it immediately. Anyone who owns these three stocks in the next five years can retire comfortably.' The video is fake, Edwards confirmed with Goldman Sachs, and it was seemingly generated by AI. 'There should always be caution exercised around any unverified communication purporting to come from a Goldman Sachs employee,' the bank said. And Meta, owner of Instagram, took down the video. The deepfake was so convincing even people who have met Joseph Cohen in person likely would think it was real, at least at first glance, according to Edwards. But she isn't the only financial expert who's a target. 'There is a whole raft of fake AI video chief investment officers making the rounds on social media right now,' Edwards warns. You can read the complete report here. In an era of deepfakes, cybersecurity is indeed top of mind for CFOs who are collaborating with chief information security officers to mitigate risk. A recent prediction from Deloitte's Center for Financial Services said generative AI could amplify deepfakes and enable fraud losses to reach $40 billion by 2027 in the U.S. From the workplace to social media, deepfakes are becoming more pervasive. But companies can use AI to beat fraudsters at their own game. Have a good weekend. See you on Monday. Sheryl This story was originally featured on
Yahoo
24-04-2025
- Business
- Yahoo
Goldman Sachs execs' images used in deepfake video campaign on Instagram
A video ad campaign on Instagram used convincing deepfakes of Goldman Sachs executives Abby Joseph Cohen and David Kostin, in addition to Michael Hewson (formerly of CMC Markets), to tempt amateurs who want to get rich quick into a stock-buying Whatsapp group. Fortune confirmed the videos were fake and Meta says it has removed the campaign from its platform. Abby Joseph Cohen is a legend in the world of investing. She was the chief investment strategist until 2008 at Goldman Sachs, when she moved to the bank's Global Markets Institute, before retiring from Goldman in 2021. Currently, she is a professor at Columbia Business School. Retail investors may remember her as a frequent guest on Wall Street Week, the PBS TV show that ran for 32 years until 2002, on which the great and the good from the world of finance sat down with the late Louis Rukeyser and discussed the financial events of the preceding seven days in calm, measured tones. So it may have come as a surprise to many to see Joseph Cohen pop up in their Instagram feeds with an offer that's hard to refuse: 'We have found three severely undervalued technology stocks. Join my group now to get it immediately. Anyone who owns these three stocks in the next five years can retire comfortably,' the video says. This is decidedly not something Joseph Cohen would be likely to do. The video is fake, Fortune has confirmed, seemingly generated by AI. It's a pretty good fake, however. Even people who have met Joseph Cohen in person would be likely to think it was real, at least on first glance. 'This is a fraudulent message and not representative of Goldman Sachs,' the bank told Fortune. 'There should always be caution exercised around any unverified communication purporting to come from a Goldman Sachs employee. Customers can learn more by visiting and should report any suspected fraud by emailing abuse@ a spokesperson said. In fact, there is a whole raft of fake AI video chief investment officers making the rounds on social media right now. Goldman's chief U.S. equity strategist, David Kostin, who has been at the bank for 30 years, has one. Former CMC Markets chief analyst Michael Hewson (16 years at the company) has another. 'I've set up a Whatsapp investment group. Every day I share three stocks,' the fake Kostin says. Hewson has a similar pitch. The videos don't just look like the three execs, they sound like them too. One of the few giveaways is that their lips don't quite match the words they are saying—a common flaw with AI deepfakes. CMC and Meta, Instagram's owner, also confirmed the videos were fake. The latter told Fortune the ad campaign would be taken down. 'We've removed the content brought to our attention. People who impersonate others on Facebook and Instagram violate our policies, and we remove this content when it's found,' a spokesperson said. The company staging the campaign was undeterred, however. This Fortune staffer joined the fake Joseph Cohen's Whatsapp group, just to see what was happening. An administrator sent us this message: 'Hello, investors! I am the group administrator of Horizon Investments, and I sincerely invite you to join the investment feast at 9:20 am tomorrow (EST). Our chief analyst Mr. Austin Fitch will also share his professional insights with everyone in this group.' I declined the offer of the 'feast' and sent a direct message to 'Danielle Learned,' the Whatsapp contact with a St. Louis area code who recruited me. I asked her why she was using fake videos to recruit investors on Instagram. She replied: 'Hello, Abby Cohen and our agency are in partnership. Abby Cohen is participating in the joint deployment of some high-quality US stock trading strategies developed by Mr. Austin of our agency." Again, Joseph Cohen has nothing to do with this. Learned then recommended I buy SoFi Technologies at $11.50 per share on the Nasdaq. 'Please let me know when you complete the order and I will let you know when to sell.' (We didn't.) A spokesperson for the real Horizon Investments told Fortune that they too had no idea their company and staff names were being used in the scam. "In no way would Horizon ever be involved in something like this nor would any of its people lend their names, images or backing to something like this," a representative said. The "Fitch" character on Whatsapp did not respond to a message requesting comment. This story was originally featured on
