Billionaire investor Ken Griffin, founder and CEO of Citadel, criticized President Donald Trump’s tariffs, warning they would disproportionately hurt working-class Americans. Speaking on CNBC’s Closing Bell Overtime, Griffin likened the tariffs to a regressive sales tax, arguing they target the very people struggling most to make ends meet. He emphasized that the financial burden would…
Author: Ryker
Gold Eyes a Digital Makeover as DeFi Pushes the Safe Haven Toward Yield and 24/7 Liquidity
In a year marked by significant financial volatility, investors have been navigating a turbulent landscape where stocks have fluctuated wildly, cryptocurrencies have remained indecisive, and gold has surged as the go-to safe haven. Risk-averse investors have fled from traditional and speculative assets, turning to the stability and historical security of gold. Despite this renewed interest,…
Trump Hails ‘Total Reset’ as U.S.-China Trade Talks Continue Amid Tariff Crossfire and Economic Tensions
Former President Donald Trump announced on Truth Social that “great progress” had been achieved during ongoing trade negotiations between the United States and China over the weekend. The talks, held in Geneva, involved U.S. officials, including Treasury Secretary Scott Bessent, and their Chinese counterparts. According to Trump, many topics were covered, and there was agreement…
Use AI Wisely by Matching Machine Learning Tools to Customer Needs and Output Complexity
The rise of generative AI, particularly large language models (LLMs), has transformed how machine learning (ML) is applied in customer-facing use cases. Traditionally, ML was reserved for situations with repeatable, predictable patterns and required large datasets. However, modern generative models now allow ML to be deployed even without complete training data. This shift has expanded…
Fed Expands Repo Facility Hours After April Tariff Shock, Reinforces Liquidity Readiness Without Direct Intervention
An official from the Federal Reserve shared insights on how markets dealt with the stress experienced in April, particularly following the announcement of substantial trade tariffs by the Trump administration. Roberto Perli, the manager of the Fed’s System Open Market Account, highlighted that despite early strains in Treasury cash markets, the financial system remained resilient.…
Visa Empowers AI Agents to Make Purchases with Tokenized Cards and Personalized Spending Controls
Visa is embarking on a major shift in digital commerce by enabling AI agents to conduct financial transactions on behalf of consumers. Through its new initiative, Visa Intelligent Commerce, the company is piloting integrations with advanced AI platforms from Anthropic, Microsoft, OpenAI, Perplexity, and Mistral. The goal is to automate everyday purchases, such as buying…