How to protect your investments and finances as debt default worries grow – CNN
On Wednesday night, Fitch Ratings laid out a stark warning to the US government: Raise the debt ceiling or put the world’s biggest economy at...
Author : Nelli Avetisyan
The tech giants have an interest in AI regulation – The Economist
One of the joys of writing about business is that rare moment when you realise conventions are shifting in front of you. It brings a...
UHNW investors pivot to private equity for long-term returns
Over the past few years, many banks have made significant moves to expand their private banking/wealth management divisions, some by entering new markets or asset...
Banking Crisis Is Over, Top Executives Say – WSJ
Threats to the global banking system have ebbed, but the industry might be forced to curtail lending and revamp business models in an era of...
America’s hyper partisanship could cost it its sterling AAA credit rating, Fitch warns – CNN
A deadlocked Congress that has taken America to the brink of default could jeopardize the United States’ perfect credit rating, Fitch said in a stern...
Federal Reserve officials were ‘less certain’ about need for more interest rate rises – The Financial Times
Federal Reserve officials concluded the need to further lift interest rates had become “less certain” as economic risks had increased, although the US central bank...
Bank forecast to raise rates above 5% as UK inflation falls by less than expected – The Guardian
Borrowers have been warned to brace for Bank of England interest rates above 5% before the end of the year, after an unrelenting rise in...
Silicon Valley Bank: 500 jobs cut by new owner First Citizens – BBC News
The new owner of Silicon Valley Bank’s (SVB) US operations, First Citizens, is cutting around 500 roles held by former SVB workers, the BBC understands....
Universities Scramble to Understand Impact of Generative AI – Bloomberg
Generative artificial intelligence is making its way into the classroom, putting a spotlight on how students learn and raising questions about the value of higher...
The new gold boom: how long can it last?
In a high-security vault in London’s Mayfair, where the glass is thick enough to resist automatic gunfire and four control rooms keep watch around the...