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Top Wall Street exec predicts ‘social unrest’ due to AI

Senior Wall Street finance executives say artificial intelligence could make many jobs, such as cashiers and drivers, unnecessary and lead to widespread social unrest. Armen Panossian, co-CEO of Los Angeles-based investment firm Oaktree Capital Management, told Bloomberg News that while AI “clearly has the potential to deliver enormous economic benefits,” it also poses “the greatest […]

Meta AI predicts Ethereum price for 2025 – Finbold – Finance in Bold

2024 has been a big year for Ethereum (ETH), attracting institutional attention to its native token and ecosystem. However, Ethereum price has underperformed year-to-date (YTD) compared to competing cryptocurrencies such as Bitcoin (BTC) and Solana (SOL), for example. To gauge what the coming year might hold, Finnvold asked Meta’s cutting-edge open-source artificial intelligence (AI) model, […]

Goldman Sachs CEO David Solomon predicts Federal reserve won’t make emergency rate cuts

Goldman Sachs CEO David Solomon said the Federal Reserve will not make an emergency interest rate cut before the central bank’s September meeting, despite Monday’s Wall Street sell-off over growing recession risks. “I don’t think we’ll see anything by September.” Solomon said in an interview on Bloomberg’s “The David Rubenstein Show: Peer-to-Peer Conversations.” Goldman Sachs […]

Legendary market watcher predicts surprise Fed rate cut

Robert Prechter, author of The Socio-Economic Theory of Finance, analyzes today’s economic environment in Cavuto: Coast to Coast. Renowned financial analyst Robert Prechter expects the Federal Reserve to take the extraordinary step of issuing an emergency interest rate cut ahead of its September meeting after markets suffered a broad-based sell-off globally on Monday. Prechter, founder […]

Karl Rove predicts Harris will soon lead Trump in national polling average

Republican strategist Karl Rove famous whiteboard Friday to demonstrate how Vice President Harris can gain “momentum” to “maintain the lead” in the presidential election by the end of the Democratic National Convention. “Since July 26th, five polls have been conducted. Only two have shown Trump in the lead. Three have shown him in the lead,” […]