Rising labor costs are making AI stocks even more attractive
About 300 million full-time jobs across the globe could be lost (or greatly diminished) due to the recent boom in artificial intelligence, Goldman Sachs estimates.
Source: cnn.com
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Top News In Greg Baer Today - Breaking & Trending Today
U.S. banks to raise $70-billion in debt under draft rules aimed at mitigating failures
The proposal, which is subject to industry feedback, would see banks raise their long-term debt issuance by roughly 25 per cent
Source: theglobeandmail.com
Big banks have to raise capital by as much as 19% under proposed US rules
The changes represent one of the biggest revamps of bank capital rules since the 2008 financial crisis.
Source: yahoo.com
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FDIC's New Capital Proposal Could Crimp Dividends and Buybacks for Big Banks
While critics said the new proposal could crimp shareholder dividends and buybacks for years to come, regulators said big banks have ample time and capital to comply without hurting either.
Source: investopedia.com
Biden's regulators turn up the heat on big banks
The move comes amid growing concern about the banking system's health as corporate and consumer borrowers absorb a series of punishing rate hikes by the Fed.
Source: politico.com