Banks could suffer losses on par with 2008 if inflation isn’t controlled, according to the Bank for International Settlements. The BIS emphasized the need for the Fed to bring down inflation in its annual report. Experts say that the banking…
Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. Mindy Yu was raised…
The wave of spending on artificial intelligence could spark a 15% rally for tech stocks, Wedbush said. Analysts predicted that tech firms could shell out as much as $800 billion for AI ventures. “We view this as a ‘1995 Internet…
The Dow could surpass 900,000 over the next 50 years, according to billionaire Ron Baron. The veteran investor said persistent inflation could fuel economic growth. Higher prices could bring major stock gains, though it will make everything “twice as expensive,”…
A Ukrainian official said Russia used “chemical aerosol munition with suffocating effect” on troops. But the wind blew it back towards the Russians, Valeriy Shershen said. Shershen said the chemical used was a banned one, but he did not give…
Hello team! Phil Rosen here, writing to you from New York. Lots of ground to cover today, but first, some news: This is the last week of 10 Things Before the Opening Bell. Moving forward, we’ll be highlighting the latest…
Liang Shi, 56, has failed China’s intense college entry exam for the 27th time, per AFP. The self-made millionaire who started taking the test in 1983 harbors dreams of going to university. He’s not sure if he’s going to retake…
A military expert says Wagner boss Yevgeny Prigozhin “may want to steer clear” of windows. Two Russian tycoons linked to critical comments on the war have fallen out of windows in the last year. Wechsler added that Prigozhin should remember: “When…
A Japanese couple spent over two years building a cluster of round, wooden houses in the countryside. Kodawari Mizuno and his wife lived in one house and rented the rest to locals and Airbnb travelers. After 19 years, they’re putting…
Political campaigns are using AI to create election material, attack ads, and donation requests. AI can be helpful in pumping out images and performing redundant work quickly. But experts are concerned that the tool will be used to “democratize disinformation.”…
