Friday saw disruptions to financial services, medical offices, airports, TV broadcasts, and more as businesses globally struggled with an ongoing catastrophic IT outage.
Read More ‘Largest IT Outage Of All Time’ Leaves The U.S. And Globe On Edge
Tag: financial services
US inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
Read More US inflation ebbs in May as goods prices fall
Financial industry grappling with AI’s gifts and perils, executives say
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
Read More Financial industry grappling with AI’s gifts and perils, executives say
Yellen to warn of ‘significant risks’ from use of AI in finance
Treasury Secretary Janet Yellen will warn that the use of AI in finance could lower transaction costs, but carries “significant risks.”
Read More Yellen to warn of ‘significant risks’ from use of AI in finance
US monthly inflation slows; consumer spending surges
U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.
Read More US monthly inflation slows; consumer spending surges