How big banks won the banking crisis – CNN
The collapse of Silicon Valley Bank and the US regional banking crisis that followed earlier this year had major economic and regulatory repercussions for lenders...
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Goldman Sachs cuts US recession odds to 15% as economic optimism grows – CNN
Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many thought was nearly impossible to pull off. In a...
ECB’s Knot Says Markets Risk Underplaying September Hike Chances – Bloomberg
Investors largely betting against a European Central Bank interest-rate increase next week are “maybe” underestimating the likelihood of it happening, according to Governing Council member Klaas Knot....
Interest rate rises heap pressure on hedge funds to perform – The Financial Times
Investors are warning hedge funds that they will face redemptions and further pressure to cut their fees unless they can improve their performance, highlighting the...
Bank of Canada Expected to Keep Rates Unchanged on Weak GDP Data – WSJ
Economists believe the Bank of Canada is likely to keep its main interest rate unchanged on Wednesday, as data suggest the economy has shifted into...
The UK economy is bigger than we thought. It still has ‘a growth problem’ – CNN
The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard...
Economists grow gloomier on 2024 as central banks delay rate cuts – The Financial Times
Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say....
How Worried Should We Be About AI’s Threat to Humanity? Even Tech Leaders Can’t Agree – WSJ
Artificial-intelligence experts debate whether to focus on averting an AI apocalypse or problems such as bias, disinformation. Artificial-intelligence pioneers are fighting over which of the...
Crypto Market-Making Profit Margins Sink 30% in ‘Wake-Up Call’ Post-FTX – Bloomberg
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto...
Global growth is set to slow — but there are ‘pockets of resilience,’ Moody’s says – CNBC
The global economy is set to slow down as inflation remains stickier than expected — but there may be some “pockets of resilience,” according to...