Americans’ wealth rises by $3 trillion but remains below early 2022 peak – CNN
Elevated by a strong stock market, Americans’ household wealth rose to nearly $149 trillion in the first quarter of 2023, new federal data shows. But...
Author : Nelli Avetisyan
More Startups Throw in the Towel, Unable to Raise Money for Their Ideas – WSJ
The pace of startup shutdowns, fire sales and sharp business-strategy changes is picking up. Fresh capital from venture investors and bank loans is scarce and expensive....
AI revives moribund software stocks – The Financial Times
Artificial Intelligence has finally given moribund software stocks a jolt of life. Wall Street has been searching all year for the biggest beneficiaries of the...
It’s official. We’re in a bull market – CNN
Wall Street is feeling bullish again. The S&P 500 rallied Thursday to end the day in a bull market, marking a 20% surge since its...
How can technology aid the modern chief risk officer?
Undoubtedly, chief risk officers (CROs) have one of the toughest jobs in a bank. Our June cover story highlighted the myriad of new risks that...
PODCAST: Why the World Can’t Quit Its Addiction to Chinese Goods
Joe Biden, like so many other presidents before him, put America’s re-industrialization at the center of his campaign for the White House. And like his...
Surging stockmarkets are powered by artificial intelligence – The Economist
Do you buy the hype? The release of ChatGPT, a tool designed by OpenAI, has kicked off a wave of enthusiasm about artificial intelligence (AI)....
The world’s biggest companies have made almost no progress on limiting global warming since 2018 – CNN
The vast majority of the world’s biggest companies have done almost nothing in the past five years to cut their planet-heating pollution enough to avoid...
US Treasury’s $1tn borrowing drive set to put banks under strain – The Financial Times
A $1tn US government borrowing spree is set to increase the strain on the country’s banking system as Washington returns to the markets in the...
UK banks pull hundreds more home loan deals as fixed mortgage rates rise – The Guardian
Hundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage...