Bessent Urges Fed to Keep Open Mind on Rates, Citing AI Productivity Gains
Treasury Secretary Scott Bessent has urged Federal Reserve policymakers to keep an open mind on interest rates, arguing that AI-driven…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Apollo’s chief economist warns AI agents could trigger a bank run on US deposits
Apollo Global Management's chief economist, Torsten Slok, warns that AI assistants could trigger an "agentic bank run" by automatically sweeping…
California regulators shut down Nano Banc in sixth US bank failure of 2026
Regulators shut down Nano Banc of Irvine, California, on Friday, the sixth US bank failure of 2026. Sunwest Bank of…
Foreign banks signal merger interest in UBS after tougher Swiss capital rules
At least eight foreign banks have signalled interest in a merger or combination with UBS, a Swiss newspaper reports. The…
Global Money Supply Hits Record $103.66 Trillion in August
Global money supply has climbed to an all-time high of $103.66 trillion, after the world's four largest central banks added…
