McKinsey Says Bank Profits Face Possible $170 Billion AI Hit
Banks face a hit to their bottom lines of as much as $170 billion if they don’t adapt…
What Is AGI? Why OpenAI, Anthropic Are Targeting Artificial General Intelligence
In the three years since ChatGPT’s release, tech companies in the US and China have invested hundreds of…
China Must Set ‘Aggressive’ Consumption Goal, Stephen Roach Says
Former Morgan Stanley Asia chairman Stephen Roach said China must target consumption accounting for half of economic output…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
Analysis: Just 28% of countries have released nature pledges a year after UN deadline
Just 28% of countries have met a UN call to submit new plans on addressing nature loss –…
FDA approved fewer drugs in third quarter, analysis finds
The upheaval at the Food and Drug Administration appears to be taking a toll on the pharmaceutical industry,…
Argentina Central Bank, US Treasury Sign $20 Billion Swap Deal – Bloomberg.com
Argentina Central Bank, US Treasury Sign $20 Billion Swap Deal Bloomberg.comArgentina, U.S. sign $20 billion currency deal as Trump…
Korea Says ‘Substantial Progress’ Made in US Tariff Talks
South Korea’s top policy chief said the country made “substantial progress” on most key issues in tariff talks…
Startups in Middle East Raised $1.2 Billion in Fundraising Record
Startups in the Middle East raised a record $1.2 billion last quarter, defying a collapse in broader emerging…
Majority of Carbon Credits From Tarnished Project Deemed Bogus
After a two-year probe, the world’s largest certifier of carbon offsets has determined that most of the credits…
Social Security COLA increase still uncertain after shutdown. Here’s why
Social Security trust fund projected to run dry in less than 10 years The main trust fund used…
Immigration crackdown likely contributing to weak Texas job growth
Isabel Brizuela, Emily Kerr, Pia Orrenius and Madeline Zavodny Immigration into Texas from outside the country has slowed…