Rate hikes, one year later For its part, the Fed has already hiked its benchmark fund rate eight times over the last year to its current level of between 4.5% and 4.75%. The federal funds rate, which is set by the central bank, is the interest rate at which banks …

Sam Altman, co-founder and chief executive officer of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, on Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg | Getty Images OpenAI CEO Sam Altman said in a recent interview with ABC News that he’s a “little bit scared” …

Credit Suisse’s additional tier one bonds are set to be wiped out following the struggling bank’s takeover by UBS. Photographer: Pascal Mora/Bloomberg via Getty Images One section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth …

Signage for Credit Suisse Group AG outside a building, which houses the company’s branch, in Tokyo, Japan, on Monday, March 20, 2023. UBS Group AG agreed to buy Credit Suisse Group in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global …

A trader works at the post where First Republic Bank stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, March 16, 2023. Brendan McDermid | Reuters Shares of First Republic Bank, which have become the barometer of the regional bank crisis, slid …

Axel Lehmann, chairman of Credit Suisse Group AG, left, and Colm Kelleher, chairman of UBS Group AG, during a news conference in Bern, Switzerland, on Sunday, March 19, 2023.  Pascal Mora | Bloomberg | Getty Images In equal parts “shotgun wedding” and arranged marriage, UBS agreed to buy stricken domestic …

Jakub Porzycki | Nurphoto | Getty Images Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse for $3.25 billion. Swiss regulators played a key role in orchestrating the forced takeover, to stem …

You’ve definitely heard of the Mediterranean diet and the MyPlate method, but what about Harvard University’s Healthy Eating Plate? Back in 2011, nutrition experts at the Harvard T.H. Chan School of Public Health worked alongside researchers at Harvard Health Publications to compile an eating plan for optimal health. “In terms …

Even artificial intelligence wants to learn from Bill Gates. When the Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month, the two answered questions generated by a ChatGPT-like AI chatbot. The bot asked Gates about the best advice he’s ever received and how it …

A sign on the roof of the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Thursday, March 16, 2023. Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion) and offered to repurchase debt, seeking to stem a crisis of confidence that has …