News

The GENIUS Act Could Have Interest-Rate Implications. Here's How.
Key Takeaways The Senate on Wednesday passed the GENIUS Act, which establishes rules for stablecoin issuers, including a ...
Investor Sentiment Has Rebounded to Pre-Liberation Day Levels, BofA Says
Key Takeaways Bank of America's Global Fund Manager Survey released Tuesday showed investor sentiment rebounded to a three-month high in June as concerns about a global trade war and recessions eased.
Goldman Sachs Says the 'Prominent 10' Could Be China's 'Magnificent Seven'
The "Prominent 10” are China's large, public-owned enterprises that Goldman Sachs said it expects to benefit the most in the ...
National Bureau of Economic Research3d
Large Language Models, Small Labor Market Effects
We examine the labor market effects of AI chatbots using two large-scale adoption surveys (late 2023 and 2024) covering 11 exposed occupations (25,000 workers, 7,000 workplaces), linked to matched ...
The Stock Market Is Shrugging Off the Israel-Iran Conflict. Is That Normal?
Stocks rose and oil prices retreated on Monday as investors shrugged off the continuation of hostilities between Israel and ...