Global financial regulators have laid out plans for closer monitoring of AI risks as banks and other parts of the financial industry ramp up its use.
Read More Global financial watchdogs to ramp up monitoring of AI
Tag: Central banks
Global debt hits record of nearly $338 trillion, says IIF
The Institute of International Finance, a financial services trade group, said that global debt rose over $21 trillion in the first half of the year to $337.7 trillion.
Read More Global debt hits record of nearly $338 trillion, says IIF
US consumers could become discouraged without rate cuts, Bank of America CEO says
If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.
Read More US consumers could become discouraged without rate cuts, Bank of America CEO says
Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession
Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.
Read More Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession
Markets underestimate risk of inflation re-accelerating, says PIMCO
Equity and fixed income markets may be too optimistic on how quickly central banks will cut interest rates.
Read More Markets underestimate risk of inflation re-accelerating, says PIMCO
Bitcoin climbs above $45,000 to 21-month peak as new year kicks off
Bitcoin galloped past $45,000 for the first time since April 2022, buoyed by optimism around the possible approval of exchange-traded spot bitcoin funds.
Read More Bitcoin climbs above $45,000 to 21-month peak as new year kicks off