A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
At issue is how the central bank calculates an extra layer of capital it imposes on U.S. global systemically important banks, known as the “GSIB surcharge.”
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
The House passed a series of bills to provide aid to Ukraine, Israel, and Taiwan along with the potential ban of TikTok.
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Following the approval of an investment vehicle supported by cryptocurrencies by a United Kingdom financial regulator, Bitcoin rose to a record high of over $72,000 on Monday.
Credit card issuer and Warren Buffet-backed consumer bank Capital one, will acquire the credit card lender Discover Financial Services, according to The Wall Street Journal.
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
ChatGPT was well on its way to becoming a household name even before 2023 kicked off.