Category: Business

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How ChatGPT and Generative AI Could Change the Way We Travel

Powerful new artificial-intelligence software is already shaking up the travel industry, but it has a long way to go until it can plan a seamless trip. For now.  » mehr lesen

Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank

The Swiss lender had ended Wednesday fighting for its life, with shares at a record low and the cost to insure against a default the highest ever. The loan is an effort...

Asian Markets Drop After Credit Suisse Moves to Borrow Billions

Stocks were set to open higher in Europe and the United States after days of volatility, but markets in Asia were down as fears grew about unseen risks.  » mehr lesen

A Hungarian Town Seethes Over a Giant Chinese Battery Plant

A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.  » mehr lesen

Goldman Sachs Draws Scrutiny Over Money Earned on Silicon Valley Bank Deal

Goldman bought a bond portfolio on which the bank had booked a $1.8 billion loss, while also trying to raise capital for the bank in its last days.  » mehr lesen

Stripe Raises New Funding That Values It at $50 Billion

The payments processing start-up was valued at $95 billion in 2021, but private company dealmaking has been hurt by souring global economic conditions.  » mehr lesen

Stock Markets Fall as Bank Shares Take a Beating

Stomach-churning volatility in stocks, bonds and other assets reflected renewed worries about the state of the economy and the risks lurking in the financial system.  » mehr lesen

After SVB Collapse, Fed and Lawmakers Eye Bank Rules

The stunning demise of Silicon Valley Bank has spurred soul-searching about how large and regional banks are overseen.  » mehr lesen

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