Berkshire Hathaway doubles down on the U.S. housing market with a fresh bet on this stock
Berkshire Hathaway has upped its bet on the U.S. housing market, and also boosted its stakes in Alphabet and Delta Air Lines.
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Will AI Replace Financial Advisors? What to Know
Financial advisors had to deal with the rise of the internet, which equipped clients with plenty of questions and sometimes spurious answers. What does the rise of AI now mean for a new generation of advisors and clients? While it initially seemed that chatbots and their instant access to incomparable reams of information might take…
Iran Maintains Strait of Hormuz Control After Trump Halts Bombing
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SpaceX set an IPO record. Now there’s hope that Anthropic could shatter it.
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Switzerland consults on tighter “too-big-to-fail” banking rules
Most of the planned changes are directed at systemically important banks. Credit: lunopark/ Shutterstock.com. Switzerland’s Federal Council has started a consultation on revisions to the Banking Act and the Liquidity Ordinance, advancing a set of post-Credit Suisse reforms for the banking sector. The Council approved consultation on measures covering governance, supervision, crisis readiness and liquidity…
NY Fed President: Central Bank Is Prepared to Act if Inflation Doesn’t Hit 2%
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White House Launches Fraud Ledger to Track Govt Crackdown
The White House has launched a website (fraud.gov) that tracks the actions taken by its fraud task force and the dollar amounts recovered through those actions. “The White House Task Force to Eliminate Fraud is moving to shut off the money, crush criminal networks and deliver swift justice,” the White House said in a Thursday (Aug. 6) press…
