At least eight members of Congress or their close family members dumped or cashed in on bank shares in March as the industry’s crisis was unfolding, according to data compiled by data firm 2iQ’s “Capital Trades” watchdog project and reported by The New York Times.
Small and regional banks are finding they have to pay higher interest rates on deposits to keep their customers.
The U.S. Federal Reserve’s “Beige Book,” a periodic summary of business conditions across the country, shows that it is now harder for businesses to secure loans in California, New York, and Texas, Wall Street on Parade reported.
Goldman Sachs, JPMorgan Chase, and Morgan Stanley were among the major banks reporting a slump in revenues from their investment banking divisions, which structure and consult on mergers and acquisitions.
The Dow Jones Transportation Index, made up of 20 transport-related stocks from airlines to trucking companies, has lagged behind the overall Dow Jones Industrial Average by about 6.9 points since February, The Wall Street Journal reported.
About 155,000 federal workers across Canada went on strike last Wednesday that included picket lines at more than 250 locations—mainly at government buildings.
From enticing tech corporations with billions in direct development incentives contained in the CHIPs Act, to swooping in and hiring prominent civilian executives who head AI development at major companies, the U.S. government won the war of whether Silicon Valley would be drafted to weaponize AI.
German researchers said the common face mask worn during the COVID-19 outbreak can cause cognitive decline in children, testicular dysfunction, and stillbirths due to the inhalation of toxic-chemical build up in the “dead space between the mouth and mask.”
“If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter.”—George Washington
Neural Net, Large Language Model (LLM) and related technologies that power ChatGPT, Google’s Bard AI and other generative AI platforms are rooted in programs that anyone of sufficient technical know-how and computing resources can make use of.