Google announced this week that it is developing Bard, the tech giant’s chatbot intended to rival ChatGPT. Microsoft, meanwhile, is trying to develop its own chatbot to work with the Bing search engine. The recent scandal in India involving the Adani Group, one of the country’s largest companies, is sending waves through the Indian economy. And, a look into why consumer debt is on the rise in the U.S. ahead of the Fed’s report on consumer credit.
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In the wake of turmoil in the banking system, some in Congress argue the solution is more regulation. Republican Sen. Rick Scott and Democratic Sen. Elizabeth Warren have unveiled legislation that would add a new watchdog to oversee the Federal Reserve itself. That’s just one part of the...
The Federal Reserve, after much hand-wringing amongst market watchers, ended up raising interest rates by 0.25% yesterday, signaling the central bank’s emphasis on fighting inflation despite recent instability in the financial sector. We look into what went into Chair Jerome Powell’s calculus on...