Author: Daniel snow

Americans say they’re feeling financial pressure — but it’s not showing up in banks’ bottom lines. Source link

One of the chief reasons the Federal Reserve should cut interest rates now, a top central banker argues, is because the economy has gotten weaker and is likely to stay weak for the rest of the year. Source link

The development with Nvidia’s chips and China could affect the global race for AI supremacy. Source link

Overall, executives and directors are down on 10 S&P 500 sectors — and positive about just this one. Source link

A new survey shows nearly half of employees admit they dial back time and effort at work during summer months. Source link

Also: Why Tim Cook should keep running Apple, three critical questions for investors from Barry Ritholtz and how to use ChatGPT when researching investments Source link

Public money — tax dollars — is being diverted to corporations from patients. Source link

BMO Capital Markets says that more workers returning to offices could boost sales. Source link

People often shy away from freelancing or starting their own business because they want the security of employer-sponsored health care and retirement plans.  Source link

One Fed paper found LLMs have a surprisingly good understanding of the economic topics discussed in the Fed’s minutes, while another looked at using machine learning to forecast financial crises, Cook said. Source link