Support our non-partisan non-profit newsroom 💜 Donate now

All aboard the AI hype train

Jan 26, 2024
Artificial intelligence bets on Wall Street are huge. But some experts warn investor optimism around AI growth may be irrationally high.
Microsoft's market value hit $3 trillion this week, driven by  investors' expectations of huge growth in artificial intelligence.
Lionel Bonaventure/AFP via Getty Images

To narrow the gender gap in boardrooms, Poker Power asks girls to ante up

Aug 23, 2023
"Stereotypically, poker is a boys' club. It's booze, it's betting, it's a smoky basement. It's all the places that women don't feel comfortable. And that's what we're trying to shift," said Erin Lydon, president of Poker Power.
"Half the world is women. So we want half the world playing poker," said Erin Lydon, president of Poker Power.
Photo courtesy of Erin Lydon

What's next for JPMorgan after acquiring First Republic?

May 2, 2023
JPMorgan acquired First Republic's assets and customers, but also a lot of outstanding debt.
JPMorgan Chase CEO Jamie Dimon is pictured. The bank's acquisition of First Republic means it assumes a large number of new assets, customers and debt.
Eric Piermont/AFP/Getty Images

By acquiring First Republic, JPMorgan becomes "too big to be too-big-to-fail"

The reverberations of the Silicon Valley Bank collapse have taken down First Republic. What's next for the financial industry?
JPMorgan Chase's acquisition of First Republic further consolidates the industry in the country's largest bank, says the University of Michigan's Erik Gordon.
Johannes Eisele/AFP via Getty Images

When will the tech giants' AI investments start paying off?

Apr 25, 2023
Microsoft and Alphabet both reporting earnings this week. Expect AI to play a big role in their earnings reports.
Jeenah Moon/Getty Images

What's next for financial regulators after the banking jitters?

The recent bank rescues should serve as a wake-up call for regulators to do more, says senior economics contributor Chris Farrell.
Drew Angerer/Getty Images

What does a bank's credit rating really tell us?

Mar 21, 2023
Credit rating agency Moody's had given Silicon Valley Bank a high rating — right up until it failed.
A sign for Moody's rating agencyat the company headquarters. Credit rating firms gave high marks to SBV and Signature Bank before collapsing.
Emmanuel Dunand/AFP via Getty Images

For public good, not for profit.

Some Republicans are blaming SVB’s collapse on ESG initiatives

We explore what’s really going on here with Washington Post reporter Julian Mark.
Sen. Josh Hawley (R-MO) is one of several prominent Republican lawmakers blaming the collapse of Silicon Valley Bank on so-called ESG investing.
Drew Angerer/Getty Images

Banks may become more selective about who gets loans

Mar 21, 2023
The collapse of SBV could lead to increased scrutiny around potential risks for banks.
After the collapse of Silicon Valley Bank and Signature Bank, financial institutions may become more selective about who gets loaned money.
Spencer Platt/Getty Images

Resurgent economy foils Fed inflation fight

Mar 8, 2023
Strong consumer spending and job gains so far in 2023 spur Fed Chair Powell to double down on rate hikes.
U.S. Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee.
Mandel Ngan/AFP via Getty Images