Vegas Strip tower that sat unfinished for almost 2 decades gets date for grand opening
Nevada’s Fontainebleau Las Vegas which began construction in 2007 and sat unfinished for many years due to the Great Recession is now set to open its doors in December 2023.
Today's mortgage rates are rising, but 15-year terms are below 6% | May 2, 2023
Check out the mortgage rates for May 2, 2023, which are trending up from yesterday.
Morgan Stanley plans to cut 3K jobs: Report
Morgan Stanley is looking to trim its workforce by 3,000 workers amid an uncertain economic environment that's caused a slowdown in deal making across Wall Street.
Small Business Person of the Year goes to Minnesota deli owner
A deli owner has won the Small Business Person of the Year. Abdirahman Kahin of Afro Deli & Grill in St. Paul became successful after adjusting his business model during the pandemic.
Biden's mortgage redistribution plan sparks ominous warning as experts note similarities to prior crisis
New Biden administration mortgage rules that could result in highly qualified borrowers scores paying higher fees is drawing comparisons to the 2008 financial crisis.
Bank deposits fell by more than $76 billion
Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.
Writers Guild of America to strike for first time in 15 years after failed negotiations with studios
More than 11,500 unionized screenwriters with the Writers Guild of America announced they will strike for the first time in 15 years starting on Tuesday, May 2.
Will First Republic be the last bank rescued amid banking crisis?
First Republic Bank's failure and fire sale to JPMorgan Chase has fueled speculation about whether more banks will need to be rescued or whether the worst is over for the sector.
Sales industry's 'always be closing' mantra could get boost from AI
Generative artificial intelligence company Autobound has released a platform that allows businesses to send personalized sales pitches to potential clients in a matter of seconds.
AI can now help direct your career path
A new AI-powered app, Audo, assesses users’ interests, abilities and experience to provide them with a personalized skill path to launch their careers and allows them to earn money.
Elon Musk says there should be 'some sort of regulatory oversight' of AI
Billionaire Elon Musk pushed for regulation on artificial intelligence during a recent media appearing, telling Bill Maher it should have "some sort of regulatory oversight."
Elon Musk warns of ‘benign dependency’ on AI: ‘dangerous to civilization’
Tesla CEO Elon Musk is warning that even a "benign dependency" on AI can ultimately be dangerous to civilization as humans forget how to operate complex machines.
Commercial real estate pain is here: Patrick Carroll
Carroll Organization founder and CEO Patrick Carroll reacts to investor Charlie Munger warning the commercial real estate market could be the next big problem for the banks on 'The Claman Countdown.'
Berkshire's Charlie Munger issues warning for US commercial property market
Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.
Biden asks student loan companies to prepare for end to payment pause
The Education Department has notified student loan servicers to prepare for an end to the COVID-19 student loan payment pause.
First Republic Bank sale will ensure that ‘banking system is safe and sound,’ Biden says
JPMorgan is buying San Francisco-based First Republic Bank and President Biden says the move will ensure the U.S. banking system is safe and sound.
US Treasury: Bank deposits safe after First Republic rescue
The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.
Google's 'godfather of AI' quits to spread word about dangers of AI, warns it will lead to 'bad things'
"Godfather of AI" Geoffrey Hinton worked on early AI development and made a major breakthrough in 2012, but he now says AI is dangerous and can be used for "bad things."
Personal loan interest rates continue to rise for 3- and 5-year loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
JPMorgan buys First Republic Bank, Dimon declares 'this part of the crisis is over'
JPMorgan Chase CEO Jamie Dimon said Monday "this part of the crisis is over" after his firm's bid was accepted to buy troubled lender First Republic amid fears it would collapse.



















