US probing voter fraud accusations at ‘Borscht Belt’ resort: sources
A tiny Catskills resort town is now playing host to a federal probe over voter fraud accusations — even as locals head to the polls...
Baidu shares tank after ChatGPT rival Ernie Bot disappoints
China’s Baidu unveiled its much-awaited artificial intelligence-powered chatbot known as Ernie Bot on Thursday, but disappointed investors with its use of pre-recorded videos and the lack of...
Microsoft adds ChatGPT tech to office software
Microsoft on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its...
Mortgage rates fall for first time in six weeks
The average long-term US mortgage inched back down this week after five straight weeks of increases, good news for homebuyers as the housing market’s all-important...
FTX funneled $3.2B to Sam Bankman-Fried, other founders
Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2...
JPM, Morgan Stanley in deal talks with First Republic: report
Several banks including JPMorgan Chase and Morgan Stanley are in talks with First Republic Bank for a potential deal, the Wall Street Journal reported on Thursday, citing people familiar with...
Goldman Sachs, JPM raise recession probability after SVB
The pressure on small and mid-sized US banks following the swift downfall of SVB Financial Group could further slow the economy, and will likely raise the probability of a recession this year, analysts at Wall...
Jobless claims drop by 20,000 — more than expected
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, though financial markets turmoil is...
Treasury Sec. Yellen to say US banking system ‘remains sound’ on Capitol Hill
Treasury Secretary Janet Yellen will seek to reassure lawmakers about the US banking system’s stability on Thursday after the collapse of Silicon Valley Bank and...
Credit Suisse fears linger, Swiss National Bank approves $54B loan
Shares of Credit Suisse rebounded Thursday after Swiss National Bank extended a $54 billion lifeline — but investors remained skittish about a potential collapse, with...