Dossier
economic crash
Coverage of economic crash in the Nexus archive.
- US banks would lose $700bn in economic crash, Fed stress tests find
US banks could lose $700 billion in an economic crash, according to Federal Reserve stress tests. JPMorgan and Goldman Sachs increased dividends after passing the tests.
- Warren draws ‘parallels’ between AI ‘bubble’ and financial crisis
Sen. Elizabeth Warren warned that investments in artificial intelligence could lead to an economic crash, drawing parallels to the 2008 financial crisis. She criticized the 'reckless behavior' of billionaires and Big Tech CEOs in driving the AI 'bubble.'