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Warsh’s Return Revives Tensions Over the Fed’s $6.6 Trillion QE Hangover
As Trump mulled his choice for Fed Chair the debate in markets swirled around whether pick would lower interest rates as aggressively as he preferred.
Microsoft’s $381 Billion Rout Exposes Dark Side of the AI Binge
(Bloomberg) - Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over.
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Warren Buffett Compares AI Risks To Those Posed By Nuclear Weapons: 'The Genie Is Out Of The Bottle'
Warren Buffett is warning that the risks posed by rapid AI development are reminiscent of a geopolitical issue that defined much of his career.
Oracle Sued By Bondholders Over Losses Tied To AI Buildout
Oracle was sued on Wednesday by bondholders who say they suffered losses because the company concealed its need to sell significant additional debt.
Big Banks Push Back On Trump's Credit Card Cap, Warning Of 'Significant' Economic Slowdown
Some of America’s top bankers are warning that the president’s cap on credit card interest rates would prove disastrous for lower-income consumers.