Apollo Economist Warns AI Agents May Trigger Bank Deposit Drain
Apollo's chief economist warns AI agents could sweep deposits from low-yield bank accounts to higher-yielding options, threatening bank profitability.
Apollo's chief economist warns AI agents could sweep deposits from low-yield bank accounts to higher-yielding options, threatening bank profitability.
Austrian economist Per Bylund discusses AI's limits and the shift from employment to entrepreneurship economy.
The US and China have established a direct AI communication channel resembling the Cold War hotline, with a massive funding gap but narrow performance lead.
A federal appeals court upheld the Pentagon's decision to blacklist AI company Anthropic from military contracts, deepening a legal split.
JPMorgan raised its Meta price target to $920 after Muse AI agent showed strong growth, with shares up 30% in September.
Goldman Sachs maintains a bullish stance on AI stocks, driven by rising cloud spending and cheap Asian valuations, expecting a year-end rally after midterm…
S&P 500 flat close hid a broad retreat: 328 stocks fell vs 174 rose. Yields rose, AI capex faced friction.
Morgan Stanley advises a barbell AI strategy, holding chip enablers while adding adopters like iRhythm and Home Depot, as benefits broaden.
President Trump and Speaker Johnson will meet with technology CEOs on September 29 to discuss AI regulation amid growing pressure from the industry.
Taiwan chip exports hit a record $30.8B in August, with AMD and Micron breaking out. Price targets updated for both stocks.
Meta shares approach all-time highs near $796 as the Muse AI rally extends, breaking above $759 to reach $776.58.
Anthropic CEO Dario Amodei faces political opposition from Trump allies over his AI safety stance, complicating the company's planned IPO.
AI agents could save investors $1.4 trillion a year by 2035, Sharplink CEO says, as financial firms compete for $4 trillion in revenue.
Kalshi's AI ad swapped an Asian YouTuber for a white actor, sparking outrage. Wash trading allegations add to its woes.
iFX Hack Hong Kong 2026, a Trading & Fintech Hackathon powered by AWS, takes place at HKU on Oct. 4. Top teams advance to iFX EXPO Asia for a HKD 28,000 prize…