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Bank of England Lifts Rates by Quarter Point, Following Fed
The move marks a fresh sign that policy makers around the world are determined to press down on inflation despite strains in the banking system.
Steady Jobless Claims Show Labor Market Remains Strong
Worker filings for unemployment benefits held nearly steady last week, showing that the broader labor market remains robust despite layoffs. Source link
Welcome to the Superprime Banking Crisis
Rising interest rates have exposed the problem with building a strategy around serving wealthy clients. Source link
Accounting-Fraud Indicator Signals Coming Economic Trouble
A tool to identify corporate earnings manipulation finds the most risk in over 40 years. Source link
South Korea’s LG Energy to Build $5.6 Billion Battery Plant in Arizona
Tech Company is the latest foreign battery maker to commit to projects tapping into the energy transition Source link
How Bank Oversight Failed: The Economy Changed, Regulators Didn’t
On March 8, Silicon Valley Bank and Signature Bank were both, according to public disclosures, “well capitalized,” the optimal level of health by federal regulatory
China Hits Back on TikTok, Says It Doesn’t Ask Companies for Foreign Data
World Asia China China’s Foreign Ministry accuses the U.S. of suppressing the popular app Source link
Databricks Launches ‘Dolly,’ Another ChatGPT Rival
Databricks Inc. on Friday launched an artificial-intelligence language model that it says developers can easily replicate to build their own ChatGPT-like apps, joining a field
New Electric-Vehicle and Home-Energy Tax Incentives
The sweeping energy law Congress passed in August 2022 includes major changes to tax incentives for consumers to electrify their homes and vehicles. These measures
Axios’s Software Business Raises Cash to Fund AI Expansion
WSJ News Exclusive Media & Marketing Axios HQ to use ChatGPT maker OpenAI to improve tools that help clients write emails, headlines Source link