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Bloomberg
Financial

Gary Gensler Warns on How AI Could Trigger Bank Stress

Former SEC Chair and MIT professor Gary Gensler joins Bloomberg Open Interest to break down how AI could trigger bank stress by shifting deposits, fuel an "AI bubble" retrenchment and expose hidden risks in private equity and credit. He also discusses Anthropic's stark S 1 warnings and what it  really signals for investors and financial stability.

Leia mais: Gary Gensler Warns on How AI Could Trigger Bank Stress
Grafa
Defence

L3Harris receives $6 billion THAAD propulsion contract from Lockheed Martin

L3Harris Technologies (NYSE:LHX) announced that it received an undefinitized contract from Lockheed Martin valued at more than $6 billion, excluding escalations, over seven years to expand propulsion production for the Terminal High Altitude Area Defense (THAAD) missile defense system.

Leia mais: L3Harris receives $6 billion THAAD propulsion contract from Lockheed Martin
Bloomberg
Financial

Burnham Says UK to Review Electoral System With New Commission

Prime Minister Andy Burnham says the UK will create a commission to review its electoral system. "We will contest the next election with a manifesto commitment to change the electoral system so that everyone's vote counts and everyone's voice is heard," Burnham says at the Labour Party's annual conference in Liverpool.

Leia mais: Burnham Says UK to Review Electoral System With New Commission
Bloomberg
Financial

UK's Burnham Vows to Build 'New Economy' and Politics

"Britain has been on the wrong path for a long time," Prime Minister Andy Burnham says, speaking at the Labour Party's annual party conference in Liverpool. "I am ready to do things my predecessors wouldn't," he adds. Burnham is seeking to flesh out his longer-term vision for tackling some of the biggest challenges facing the UK.

Leia mais: UK's Burnham Vows to Build 'New Economy' and Politics