US Federal Reserve Increased Interest Rate by 0.25% despite Banking Crisis

Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy …

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Goldman Sachs Reportedly Testing AI despite Recent Pushback in Banking Sector

Leading bank Goldman Sachs has deployed ChatGPT-like AI products for developers to experiment with code development. Goldman Sachs (NYSE: GS) is reportedly using in-house artificial intelligence …

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White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week – Economics Bitcoin News

With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre …

White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week – Economics Bitcoin News Read More »

JPMorgan’s Jamie Dimon Spearheads Initiative to Devise Rescue Plan for First Republic

JPMorgan chief executive Jamie Dimon seeks to create a comprehensive rescue plan for First Republic amid the banking crisis.  Jamie Dimon is on top of efforts …

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First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower – Bitcoin News

After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded …

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower – Bitcoin News Read More »

Goldman Sachs Note Expects Fed to Pause Next Rates Hike Following Banking Crisis

A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.” Goldman Sachs (NYSE: GS) believes …

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Goldman Sachs Names Bitcoin Best-Performing Asset Year-to-Date

According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns. With Bitcoin (BTC) reaching highs it …

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Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, …

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