The efficacy of text embedding models in representing and retrieving information is crucial for many NLP applications, with performance significantly advanced by Large Language Models (LLMs). Despite this progress, existing benchmarks predominantly use general-purpose datasets, inadequately addressing the nuanced requirements of specialized domains like finance. To bridge this gap, we introduce the Finance Massive Text Embedding Benchmark (FinMTEB), a comprehensive evaluation suite specifically designed for the financial domain. FinMTEB encompasses 64 datasets across 7 task types, including classification, clustering, retrieval, pair classification, reranking, summarization, and semantic textual similarity (STS) in English and Chinese. Alongside this benchmark, we introduce Fin-E5, a state-of-the-art finance-adapted embedding model, ranking first on FinMTEB. Fin-E5 is developed by fine-tuning e5-Mistral-7B-Instruct on a novel persona-based synthetic dataset tailored for diverse financial embedding tasks. Evaluating 15 prominent embedding models on FinMTEB, we derive three key findings: (1) domain-specific models, including our Fin-E5, significantly outperform general-purpose models; (2) performance on general benchmarks is a poor predictor of success on financial tasks; and (3) surprisingly, traditional Bag-of-Words (BoW) models surpass dense embedding models on financial STS tasks. This work provides a robust benchmark for financial NLP and offers actionable insights for developing future domain-adapted embedding solutions. Both FinMTEB and Fin-E5 will be open-sourced for the research community.

Large Language Models (LLMs) are increasingly used in decision-making scenarios that involve risk assessment, yet their alignment with human economic rationality remains unclear. In this study, we investigate whether LLMs exhibit risk preferences consistent with human expectations across different personas. Specifically, we propose an evaluation metric called Risk Disparity Score (RDS) and assess whether LLM-generated responses reflect appropriate levels of risk aversion or risk-seeking behavior based on individual’s persona. Our results reveal that while LLMs make reasonable decisions in simplified, personalized risk contexts, their performance declines in more complex economic decision-making tasks. To address this, we test whether current state-of-art alignment methods such as Direct Preference Optimization(DPO) and In Context Learning(ICL) can enhance LLM adherence to persona-specific risk preferences. We find DPO can improve the economic rationality of LLMs in loss-related parameters, offering a step toward more human-aligned AI decision-making.

Access to diverse perspectives is essential for understanding real-world events, yet most news retrieval systems prioritize textual relevance, leading to redundant results and limited viewpoint exposure. We propose NEWSCOPE, a two-stage framework for diverse news retrieval that enhances event coverage by explicitly modeling semantic variation at the sentence level. The first stage retrieves topically relevant content using dense retrieval, while the second stage applies sentence-level clustering and diversity-aware re-ranking to surface complementary information. To evaluate retrieval diversity, we introduce three interpretable metrics, namely Average Pairwise Distance, Positive Cluster Coverage, and Information Density Ratio, and construct two paragraph-level benchmarks: LocalNews and DSGlobal. Experiments show that NEWSCOPE consistently outperforms strong baselines, achieving significantly higher diversity without compromising relevance. Our results demonstrate the effectiveness of fine-grained, interpretable modeling in mitigating redundancy and promoting comprehensive event understanding. The data and code are available at https://github.com/tangyixuan/NEWSCOPE.

Fact verification systems typically assess whether a claim is supported by retrieved evidence, assuming that truthfulness depends solely on what is stated. However, many real-world claims are half-truths, factually correct yet misleading due to the omission of critical context. Existing models struggle with such cases, as they are not designed to reason about omitted information. We introduce the task of half-truth detection, and propose PolitiFact-Hidden, a new benchmark with 15k political claims annotated with sentence-level evidence alignment and inferred claim intent. To address this challenge, we present TRACER, a modular re-assessment framework that identifies omission-based misinformation by aligning evidence, inferring implied intent, and estimating the causal impact of hidden content. TRACER can be integrated into existing fact-checking pipelines and consistently improves performance across multiple strong baselines. Notably, it boosts Half-True classification F1 by up to 16 points, highlighting the importance of modeling omissions for trustworthy fact verification. The benchmark and code are available via https://github.com/tangyixuan/TRACER.

Misinformation evolves as it spreads, shifting in language, framing, and moral emphasis to adapt to new audiences. However, current misinformation detection approaches implicitly assume that misinformation is static. We introduce MPCG, a multi-round, persona-conditioned framework that simulates how claims are iteratively reinterpreted by agents with distinct ideological perspectives. Our approach uses an uncensored large language model (LLM) to generate persona-specific claims across multiple rounds, conditioningeach generation on outputs from the previous round, enabling the study of misinformation evolution. We evaluate the generated claims through human and LLM-based annotations, cognitive effort metrics (readability, perplexity), emotion evocation metrics (sentiment analysis, morality), clustering, feasibility, and downstream classification. Results show strong agreement between human and GPT-4o-mini annotations, with higher divergence in fluency judgments. Generated claims require greater cognitive effort than the original claims and consistently reflect persona-aligned emotional and moral framing. Clustering and cosine similarity analyses confirmsemantic drift across rounds while preserving topical coherence. Feasibility results show a 77% feasibility rate, confirming suitability for downstream tasks. Classification results reveal that commonly used misinformation detectors experience macro-F1 performance drops of up to 49.7%. The code is available at https://github.com/bcjr1997/MPCG.

Multi-hop question answering (QA) requires a model to retrieve and integrate information from multiple passages to answer a question. Rapid progress has been made on multi-hop QA systems with regard to standard evaluation metrics, including EM and F1. However, by simply evaluating the correctness of the answers, it is unclear to what extent these systems have learned the ability to perform multi-hop reasoning. In this paper, we propose an additional sub-question evaluation for the multi-hop QA dataset HotpotQA, in order to shed some light on explaining the reasoning process of QA systems in answering complex questions. We adopt a neural decomposition model to generate sub-questions for a multi-hop question, followed by extracting the corresponding sub-answers. Contrary to our expectation, multiple state-of-the-art multi-hop QA models fail to answer a large portion of sub-questions, although the corresponding multi-hop questions are correctly answered. Our work takes a step forward towards building a more explainable multi-hop QA system.