[ad_1] CNN — Senate GOP leader Mitch McConnell has engineered ways out of a devastating debt default in the past. This time may be different – at least for now. Facing the riskiest debt ceiling standoff in a dozen years, Senate Republican leaders are planning to take a backseat role …
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[ad_1] New Delhi CNN — Asia’s richest man Gautam Adani says he is addicted to ChatGPT, the powerful new AI tool that interacts with users in an eerily convincing and conversational way. In a LinkedIn post last week, the 60-year-old India tycoon said that the release of ChatGPT was a …
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[ad_1] New York CNN — Party City filed for bankruptcy protection Tuesday after years of losses and weak sales. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt …
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[ad_1] Hong Kong CNN — The yen plunged on Wednesday after the Bank of Japan decided to maintain its ultra-easy monetary policy, defying market expectations that rising inflation could force the central bank to move away from low interest rates. The BOJ kept its yield curve control (YCC) targets unchanged …
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[ad_1] New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …
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[ad_1] CNN — Rep. James Comer, in one of his first moves as House Oversight Chairman, is seeking information from the Treasury Department about the Biden family’s financial transactions and calling on a handful of former Twitter executives to testify at a public hearing. The new round of letters from …
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[ad_1] CNN — After years of hearings, reports and stalled proposals, Congress ended 2022 without taking major steps to regulate Big Tech. But a few blocks away in Washington, Jonathan Kanter is just getting warmed up. While the Justice Department’s top antitrust official has yet to file fresh lawsuits against …
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[ad_1] New York CNN — Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and minority homebuyers instead of acquiring new customers. Wells …
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[ad_1] Hong Kong CNN — China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” …
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[ad_1] Minneapolis CNN — The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate …
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