Banks
AI impacting labor market ‘like a tsunami’ as layoff fears mount
Thana Prasongsin | Moment | Getty Images After a year marked by AI-driven layoffs, influential leaders and top executives are now warning that we can expect to see a huge ramp up in anxiety around the technology in 2026. Kristalina Georgieva, managing director at the International Monetary Fund, said Tuesday that AI is “a major […]
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‘Stay calm’ and ‘this is the new normal’: What banking CEOs are saying about the global market sell-off
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump’s threats of fresh tariffs. The pan-European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent’s major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In […]
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Energy costs will decide which countries win the AI race, Microsoft’s Nadella says
Microsoft CEO Satya Nadella gestures as he speaks during the World Economic Forum (WEF) annual meeting in Davos on January 20, 2026. (Photo by Fabrice COFFRINI / AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images Energy costs will be key to deciding which country wins the AI race, Microsoft CEO Satya Nadella […]
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Trump is showing the world the U.S. is ‘back,’ Scott Bessent tells CNBC as Greenland tensions ratchet up
Scott Bessent, US treasury secretary, during an Economic Club of Minnesota event in Golden Valley, Minnesota, US, on Thursday, Jan. 8, 2026. Ben Brewer | Bloomberg | Getty Images President Donald Trump is showing the world “the U.S. is back,” Treasury Secretary Scott Bessent told CNBC, as tensions rise over the president’s bid to acquire […]
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IMF boss has a blunt message for Europe: ‘Get your act together’
As fresh talk of a U.S.-Europe trade war intensified on Tuesday, IMF Managing Director Kristalina Georgieva issued a stark warning to European leaders: “Get your act together.” U.S. President Donald Trump announced on Saturday that eight European allies would face increasing tariffs, starting at 10% on Feb. 1 and rising to 25% on June 1, if […]
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Trump is going to Davos — here are the big names who aren’t
An aerial view of the town ahead of World Economic Forum (WEF), also known as Davos Summit in Davos, Switzerland on January 14, 2024. Anadolu | Anadolu | Getty Images J.P. Morgan CEO Jamie Dimon, Ukrainian President Volodymyr Zelenskyy and Nvidia CEO Jensen Huang are among the who’s who of political leaders, big-name CEOs and […]
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Billionaires have ‘outsized’ political influence — and they’re richer than ever, says Oxfam
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Billionaires’ wealth has risen sharply to a record high of $18.3 trillion — with the super-rich seeking power “for their own gain,” according to a report by the global charity Oxfam released Monday. The […]
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Trump threatens to sue JPMorgan Chase for ‘debanking’ him
Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. Jonathan Alcorn | Reuters President Donald Trump on Saturday threatened to sue JPMorgan Chase over allegedly “debanking” him following the Jan. 6, 2021, riot at the U.S. Capitol. […]
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Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks
Key Points Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week. At least one major credit card issuer and […]
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Some in BOJ see scope to raise rates sooner than markets expect, sources say: Reuters
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Friday, Dec. 19, 2025. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect, with April a distinct possibility, as a sliding yen risks adding to already broadening […]
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