Economy

Biden Urges Congress to Ban Executives of Collapsed Banks from Industry

Biden Urges Congress to Ban Executives of Collapsed Banks from Industry

President Joe Biden has called on Congress to toughen penalties against the executive of collapsed banks. Biden recommended that executives of failed banks should be banned from working in the banking sector again. The White House released a plan to hold senior management more accountable when their financial institutions collapse…
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ChatGPT Inspires Matchmaking Service Focused on Traditional Values

ChatGPT Inspires Matchmaking Service Focused on Traditional Values

ChatGPT-3’s debut in late 2022 shook up tech–and online dating was no exception. Within weeks, Tinder users were reportedly penning bios with the AI tool’s chatbot interface. In February, Mashable reported that OkCupid has used ChatGPT to generate questions for its users. Some have voiced skepticism about the prospects of AI-enabled…
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Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided

Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided

Sen. John Kennedy (R-LA) has argued that the Silicon Vally Bank (SVB) collapse, and the resulting banking crisis, could have been avoided. The senator stated during a speech on the Senate floor Wednesday that the bank’s executives and federal regulators should have done their job on risk management. Kennedy emphasized…
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Biden: Silicon Valley Bank Investors Will ‘Lose Their Money’

Biden: Silicon Valley Bank Investors Will ‘Lose Their Money’

President Joe Biden has said that investors in the collapsed Silicon Valley Bank will "lose their money" because "that's how capitalism works." In a prepared address, Biden assured the American people that he has confidence that the U.S. banking system is safe. The president outlined his administration’s plan surrounding Silicon…
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