Musk's Neuralink: We have US approval to begin human implant trials
Brain implant company Neuralink announced that it has received approval from US regulators to begin human brain implant trials
Source: laosnews.net
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The 2023 US Regional Banking Crisis Is Far From Over
The macro environment for vulnerable small and regional banks has considerably deteriorated in recent months, making it unclear when and how this crisis will end
Source: thewire.in
Oil Pices Extend Losses after Fed Rate Hike and Economic Concerns
Oil prices fell 4% after the U.S. Federal Reserve raised interest rates and investors worried about the economy. Brent futures and WTI crude decreased, and the unexpected rise in U.S. gasoline inventories and China's manufacturing activity added to the pressure. Morgan Stanley lowered its Brent price forecast, while the Fed signaled a possible pause in further increases.
Source: news18.com
US bank First Republic seized by regulators and sold to JP Morgan in nation's second-largest failure ever
United States regulators seized under pressure First Republic Bank and sold the majority of its operations to JP Morgan as turmoil returned to the American banking system this week.
Source: skynews.com.au
Coinbase launches international exchange as tensions with US regulators grow
The Coinbase International Exchange will follow the regulatory approval from the Bermuda Monetary Authority (BMA) and new platform will initially offer Bitcoin and Ethereum perpetual futures, Coinbase said
San Francisco United States Exchange Commission Emmanuel Goh Head Of Coinbase International Exchange Bermuda Monetary Authority Coinbase International Exchange
Source: livemint.com
US auction awards failed First Republic Bank to JP Morgan Chase
US regulators have accepted a high bid from JP Morgan Chase for the purchase of failed First Republic Bank
Source: shanghainews.net
Failed First Republic Bank sold by US to JP Morgan Chase
US regulators have accepted a high bid from JP Morgan Chase for the purchase of failed First Republic Bank
Source: mainemirror.com
First Republic Bank auction underway
US regulators are trying to clinch a sale of First Republic Bank (FRC.N) over the weekend, with roughly half a dozen banks bidding, sources said on Saturday, in what is likely to be the third major US bank to fail in two months.
United States Janus Henderson James Jim Herbert Financial Services Group First Republic Bank America Corp
Source: thedailystar.net
US Mulls Ways to Regulate AI Technologies Like ChatGPT
US regulators on Tuesday took a first step towards drawing up new rules on artificial intelligence that could see the White House put the brakes on new technologies such as ChatGPT. The US Department of Commerce put out a call for input from industry actors that would serve to inform the Biden administration in drafting regulation on AI. Biden last week said the jury is still out on whether AI poses a danger to society.
Source: news18.com
Biden urges US regulators to restore tougher rules on midsize banks
While his predecessor Donald Trump eased rules for banks with between $100 billion and $250 billion in assets, Biden urged regulators to instead consider a set of reforms to reduce the risk of future banking crisis, according to a White House fact sheet
Source: firstpost.com