Speculators trading derivatives based on oil and fuel price moves have taken the most bearish positions on oil prices since 2011, according to Bloomberg, indicating they see a recession ahead that will tank oil prices.
Category: 23 May 2023
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YUAN’S VALUE SHRINKS AGAINST THE DOLLAR
On 17 May, the value of China’s yuan shrank both domestically and internationally, rising past the key benchmark of 7 to the dollar, another sign that the Asian giant’s economic recovery has stumbled.
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JAPAN’S STOCK MARKET CLIMBS TO 33-YEAR HIGH
The Nikkei 225 stock index has risen 16 percent this year and the broader Topix index 13.9 percent, making Japan’s equity market a surprise star performer in 2023.
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CHATGPT AS YOUR NEW FINANCIAL ADVISOR? NOT YET.
When an artist asked ChatGPT for advice on retirement planning, it told him to open a Roth IRA and some CDs and arrange automatic deposits into his account. “It’s a lot of information thrown at you pretty quickly,” he said.
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CORPORATE BANKRUPTCIES TO REACH 13-YEAR HIGH, DATA INDICATES
Through April, at least 230 U.S. corporations have filed bankruptcy this year, more than any year’s first third since 2010, The New York Times found.
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GOVERNMENT AI REGULATION WILL FOCUS ON CENSORING AMERICANS AND WOKE OBJECTIVES, NOT THE REAL DANGERS OF AI
If it didn’t before, the rapid evolution of generative AI technology has the full attention now of world elites.
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WOULD CHATGPT-4 OR BARD AI SURVIVE A CHAT WITH ALAN TURING?
How close to human-like “consciousness” are the most advanced publicly available generative AI systems, like ChatGPT-4 and Bard AI?
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AI COULD IGNITE A NEW FINANCIAL CRISIS, SEC CHIEF WARNS
The use of artificial intelligence (AI) by financial firms could pose a “systemic risk” and set off a financial crisis, Gary Gensler, chair of the U.S. Securities and Exchange Commission, told a Wall Street conference in a 16 May speech.
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CONFIDENCE IN SUPREME COURT HITS ALL-TIME LOW IN 2022: POLL
American confidence in the Supreme Court is at its lowest point ever amid continued fallout after the court’s decision to overrule Roe v. Wade last June, according to a new survey.
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NEW YORK TIMES CELEBRATES TUCKER CARLSON’S FIRING, SAYS ‘FAR-RIGHT’ LOSES ‘A FOOTHOLD’ IN MAINSTREAM NEWS
Mainstream news outlets call anyone who does not swallow their propaganda and speaks out in favor of freedom and individual liberties “far-right” in an effort to tarnish the message as racist and extreme.