Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.

The report described growth as solid and productivity as strong, while finding little sign of risk in the banking system.

Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.

Mireille joins Xceptor as financial institutions invest heavily in AI-driven automation to manage increasing operational, regulatory and cost pressures in the capital markets.

The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.

The construction and building sector raises the most concern, but issues should remain manageable.

The deal will bring Kiavi's assets onto Figure's blockchain environment, adding $7 billion in annual volume, and more than $100 million of monthly cash flow onto its blockchain-native warehouse marketplace, Democratized Prime.

With the war-driven price shock sending 30-year bond yields to a nearly two-decade high, Wall Street analysts say the technology is, for now, having the opposite effect on inflation.

Three senior officials say attackers will eventually breach bank defenses, and supervisors should plan for it — while U.S. regulators stay nearly silent.

A decline in Middle East travel and higher fuel prices should not put a major dent in the company's performance, execs said Thursday.

In an update to its seller and servicer guide, Fannie Mae laid out details on responsibilities for vendor oversight and the need for transparent AI policy.

American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.

Highly leveraged software companies facing major credit challenges may turn to using more LMEs to stave off defaults.

Bonds were buoyed by a rally in the UK market, while Friday's month-end Treasury index rebalancing — incorporating sizable quarterly issuance — may trigger additional buying from passive investors.

Technology shares in the S&P 500 Index fell as much as 2.9% led by Nvidia Corp. shares, which slumped 5.6% after reporting quarterly results after the close Wednesday.

Futures spreads linked to the Secured Overnight Financing Rate, which closely track expected Fed policy, are becoming deeply inverted — a sign that traders are starting to price a more prolonged central bank easing cycle.

Federal Reserve Gov. Lisa Cook said AI could boost productivity, but warned the transition may raise unemployment and force difficult tradeoffs between inflation and jobs.

As finance chiefs feel the pressure to include AI in business models and work flows, the ABS industry is responding with leaner internal operations and reduced human errors.

In a speech Tuesday, Federal Reserve Gov. Michael Barr said it was possible that artificial intelligence will boost productivity in an undisruptive way. But he said policymakers should also be wary of a financial crash if those gains are not realized or a rapid adoption that could lead to labor displacement.

It's the first time either S&P Global Ratings, Moody's or Fitch Ratings has handed out a triple A rating to a data center ABS deal, has assigned previous Compass offerings its highest rating.