The IMF warned of the risks posed by unsustainable public debt levels.
U.S., China trade tariffs escalating would be ‘costly for everybody,’ IMF deputy director says
An escalation of tensions around trade and tariffs would have economic consequences around the world, Gita Gopinath, deputy managing director of the IMF, said.
Apple and Goldman Sachs ordered to pay over $89 million for Apple card failures
Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.
Watch CFPB Director Rohit Chopra speak at DC Fintech Week
The director of the Consumer Financial Protection Bureau is slated to speak at DC Fintech Week on Wednesday.
AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.
Stocks making the biggest moves premarket: Boeing, McDonald’s, Enphase Energy, Coca-Cola and more
These are the stocks posting the largest moves in premarket trading.
Chinese smartphone companies tout AI features ahead of Apple Intelligence launch
Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure on Apple.
Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says
“The assumption is you’ll have higher inflation, higher interest rates than you would have in the absence of those tariffs,” said IIF CEO Tim Adams.
Crypto firm Circle expects the UK to introduce stablecoin laws in ‘months, not years’
“I think we’re within months, not years” of formal U.K. stablecoin laws being introduced, crypto firm Circle’s top policy executive told CNBC.
IMF warns on China’s property market worsening as it cuts country’s growth outlook
In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.