On February 12, Trump administration officials are discussing plans to consolidate bank regulators, possibly attempting to merge the Federal Deposit Insurance Corporation (FDIC) into the Treasury Department without congressional approval, and merge its regulatory functions with the Office of the Comptroller of the Currency (OCC). The plan, which aims to reduce the powers of the banking regulator and increase direct government control over the financial sector, comes after the Trump administratio...
According to The Information, AI search startup Perplexity is in talks to raise money at a $8 billion valuation.
The European Central Bank's governing council, Kazax, said that it is very open to discussing a September interest rate cut; a gradual interest rate cut would be the best option; even if inflation is sideways, there is a possibility of interest rate cuts; we are very clearly on the road to lower interest rates.