AI Agents Are Upending a Big Slice of the Stock Market
Banks, brokers, travel booking companies hit by threat to ‘consumer inertia.’
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Banks, brokers, travel booking companies hit by threat to ‘consumer inertia.’
Shares of major banks, insurers and online travel agencies slid on Tuesday as investors fear that tools like Meta Platforms Inc.’s personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists.
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