ECB raises eurozone interest rate despite banking sector fears – The Guardian
The European Central Bank has raised interest rates across the eurozone by 0.5 percentage points, despite fears that higher borrowing costs could set off a...
Author : Nelli Avetisyan
Wall Street banks to deposit $30bn into First Republic – The Financial Times
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances and contain the fallout...
The stupidity of AI
In January 2021, the artificial intelligence research laboratory OpenAI gave a limited release to a piece of software called Dall-E. The software allowed users to...
PODCAST: Richard Bernstein on Quantitative Analysis
Bloomberg Radio host Barry Ritholtz speaks with Richard Bernstein, the chief executive officer and chief investment officer of Richard Bernstein Advisors LLC, which manages $14.6...
Economy Shows Signs of Cooling as Bank Troubles Spread – WSJ
A drop in retail sales and easing price pressures in February offered preliminary signs of a cooling economy as the spread of financial turmoil on...
Big ECB Hike Called Into Doubt by Credit Suisse: Decision Guide – Bloomberg
The European Central Bank’s plan to raise interest rates by another half-point on Thursday has been thrown into question by banking turmoil that began in...
U.S. Producer Prices Dropped in February – WSJ
U.S. supplier prices fell in February from a month earlier, a possible sign of a recent easing in inflationary pressures. The producer-price index, which generally...
What metaverse? Meta says its single largest investment is now in ‘advancing AI’ – CNN
Roughly a year-and-a-half after Facebook renamed itself “Meta” and said it would go all-in on building a future version of the internet dubbed the metaverse,...
Oil prices crater as inventories build, fears ripple through global markets – yahoo! finance
As fears over the banking system weigh on markets worldwide, the price of oil has come under significant pressure in recent days with WTI crude...
Credit Suisse to borrow up to $54bn from Swiss central bank – The Financial Times
Credit Suisse plans to borrow up to SFr50bn ($54bn) from the Swiss central bank and buy back about SFr3bn of its debt, in an attempt...