Six major global banks, including Bank of America and Capital One, warn that agentic shopping raises risks involving transparency, safety, privacy, choice and interoperability as AI agents gain autonomy. The banks say consumers worry agents could buy the wrong item, overspend or expose them to scams, and that agents may favor products or payment methods based on commissions or token costs. They see potential for agentic commerce to become mainstream but say standards and consumer protections are lagging, and are preparing guidance on implementing five trust principles.
Jim Cramer and portfolio director Jeff Marks review the CNBC Investing Club’s 33-stock portfolio at its September monthly meeting, highlighting six stocks they consider buys. Their favorites are Kimberly-Clark, Bank of New York, Intel, Micron, Meta and FedEx. Cramer also emphasizes becoming more selective about AI exposure and discusses lessons from the portfolio’s recent exit from Corning.
Capital One agrees to acquire corporate spend management platform Brex for $5.15 billion. The deal expands Capital One’s commercial banking and fintech capabilities.
Capital One finalizes its $35.3 billion acquisition of Discover Financial Services and agrees to a $425 million community reinvestment commitment as part of regulatory approval.