Powell Says Regulators Are Near a Revamped Bank-Capital Plan – Bloomberg
Federal Reserve Chair Jerome Powell said US regulators are close to agreeing to change their plan to force big banks to hold significantly more capital...
Author : Nelli Avetisyan
World’s largest oil company bets on the enduring power of petrol – The Financial Times
Saudi Aramco is betting the internal combustion engine will be around for a “very, very long time” as the world’s largest oil company spots a...
Artificial intelligence, data and the new age of business insights
It has never been a more exciting – or demanding – time to work in the banking and payments industry. New technologies have revolutionised our...
For AI Giants, Smaller Is Sometimes Better – WSJ
The start of the artificial-intelligence arms race was all about going big: Giant models trained on mountains of data, attempting to mimic human-level intelligence. Now,...
Fed still not ready to roll out a rate cut, Powell tells lawmakers – CNN
Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials...
Hollywood enters a frugal new era – The Economist
With sound-stage doors made big enough for performing elephants, the century-old Paramount Pictures lot on Melrose Avenue is a living museum of the film business....
More than 3 million pass through US airport security in a day for the first time – ABC News
More than 3 million people passed through U.S. airport security on Sunday, the first time that number of passengers have been screened in a single...
Case for September Rate Cut Builds After Slower Jobs Data – WSJ
The Labor Department reported on Friday that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run....
How much cash should be removed from the financial system? – The Economist
The world is still, in a sense, swimming in cash. Or at least the electronic equivalent: central-bank reserves. The Bank for International Settlements (bis), a...
How Starbucks caffeinates local economies – The Economist
Starbucks offers endless opportunities for innovation. Parts of social media delight in hacking the chain’s menu to create highly instagrammable drinks. Fancy a “cake batter...