Economy Archives - Page 9 of 60

One of America’s Largest Banks Is on Verge of Collapsing

April 27, 2023 - 1:48 pm by Frank Bergman

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing.

US Regulators Warn AI Firms to Comply with Laws, Say They Already Have Power to Crack Down on Misuse

April 26, 2023 - 8:28 pm by Nick R. Hamilton

U.S. federal government regulators have issued a warning to artificial intelligence (AI) companies about potential misuse of the rapidly advancing technology.

BRICS De-Dollarization Push Gathers Momentum

April 22, 2023 - 12:30 pm by Frank Bergman

The push for de-dollarization led by the BRICS group is continuing to gather momentum as Indonesia moves to shift away from the U.S. dollar for trade and financial transactions.

Goldman Sachs: AI Could Automate Two-Thirds of All American Occupations

April 19, 2023 - 8:21 am by Nick R. Hamilton

Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI).

Americans Paid $5 Trillion in Taxes to IRS Last Year Alone

April 18, 2023 - 7:08 am by Nick R. Hamilton

The Internal Revenue Service (IRS) raked in a record-breaking $5 trillion in taxes last year.

Trump’s Business Empire Is Expanding, Financial Report Shows

April 16, 2023 - 7:08 pm by Nick R. Hamilton

President Donald Trump’s vast business empire has been expanding since his return to private life, his recently filed personal financial disclosure report shows.

Warren Buffett Dumps Billions in Taiwanese Stock as Fears of Chinese Invasion Mount

April 14, 2023 - 8:16 pm by Frank Bergman

Renowned American investor Warren Buffett has just dumped billions of dollars worth of stock for a Taiwanese chipmaker as fears mount that China is preparing to invade the island nation.