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How Humanity Can Avoid an AI Takeover

We talk to MIT professor Daron Acemoglu about his book Power and Progress and unpack why making direct human-to-AI comparisons isn't necessarily helpful...

California Truckers Brace for a Rule Mandating Electric Vehicles at Ports

Just 87 zero-emission drayage trucks existed in California in the first half of 2022, according to data collected by the state, and they are...

Target earnings beat but company warns on current quarter, calls out cautious consumer

Target's (TGT) first quarter wasn't a direct strike on the bullseye, as shoppers continued to hesitate heading down the more discretionary departments of...

Drugmakers Eye $23 Billion Biotech Argenx Ahead of Key Data

(Bloomberg) -- European biotech firm Argenx SE is scheduled to release key drug trial data this summer. Deal-hungry Big Pharma is closely watching.Most...

JPMorgan Asset Says Markets Are Right to Bet Fed Cuts Are Coming

(Bloomberg) -- A US recession is a virtual certainty and the Federal Reserve may lower interest rates by the third quarter as growth...

UBS says it was rushed into unwanted Credit Suisse rescue merger

By Kane WuHONG KONG (Reuters) - UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it...

Commerzbank shares sink on prospect rate income near peak

By Tom Sims and Frank SiebeltFRANKFURT (Reuters) -Germany's Commerzbank said on Wednesday that its net profit nearly doubled in the first quarter, beating...

Wall Street’s Biggest Banks Face a Harsh Reality Check in China

(Bloomberg) -- More than three years after China’s grand financial opening, it’s becoming clear to Wall Street giants that their dreams of windfall...

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