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On Feb. 1 as New York Community Bancorp stock fell amid worries about its real estate exposure, a regional bank hundreds of miles away got a call from Moody's. The ratings agency wanted to know if the bank was seeing any fallout. Moody's asked the bank, based in the U.S. south, a series of questions, ranging from whether its clients were worried and had withdrawn any deposits to what kind of funding facilities it had in place for contingencies, the bank's CEO said. The southern regional bank wasn't the only one to receive such a call.

A rethink on when the Federal Reserve will cut interest rates is reverberating through the fixed income market, heightening risk for those betting the explosive rally that took bonds higher at the end of 2023 will continue this year. Investors piled into Treasuries late last year on expectations that the Fed will cut rates as soon as the first quarter of this year, sending government bond prices roaring back from 16-year lows. Many are now recalibrating those bets following a blowout U.S. jobs number and a cautious message from the Fed, which last week said the strong economy could spur an i...

A rethink on when the Federal Reserve will cut interest rates is reverberating through the fixed income market, heightening risk for those betting the explosive rally that took bonds higher at the end...

The U.S. Department of Homeland Security plans to hire 50 artificial intelligence experts this year to help it halt child abuse, counter fentanyl production and assess damage from natural... -February 06, 2024 at 05:07 pm EST - MarketScreener

WASHINGTON (Reuters) -The U.S. Department of Homeland Security (DHS) plans to hire 50 artificial intelligence experts this year to help it halt child abuse, counter fentanyl production and assess damage from natural disasters, as it seeks to increase use of the burgeoning technology. The agency, tasked with securing U.S. borders, announced the hiring effort at an event in Mountain View, California, headlined by Secretary Alejandro Mayorkas and Chief Artificial Intelligence Officer Eric Hysen. “Government needs the support and expertise of our country’s foremost AI experts to he...