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U.S. bank regulators unveil stricter rules for mitigating bank failures – Reuters

WASHINGTON, Aug 29 (Reuters) – Major U.S. banking regulators on Tuesday unveiled new proposed rules to tighten oversight of big banks. This time, the focus is on new requirements to ensure that the region’s largest financial institutions can safely fail without jeopardizing the entire system. The plan, announced by the Federal Deposit Insurance Corporation (FDIC), […]

Mitigating ‘risk of extinction from AI’ should be global priority, industry leaders say

“Making Money” host Charles Payne discusses AI optimism, Dollar Tree’s lower profit forecasts due to weak demand, and the state of the consumer. Tech industry leaders, scientists and professors have issued new warnings about the risks associated with artificial intelligence. “Reducing the risk of AI-induced extinction should be a global priority alongside other societal-scale risks […]