Opinion: Microsoft and Alphabet increase spending on AI, but don’t get carried away yet
- Microsoft stock zooms toward highest prices in a year after strong earnings, forecast
- Alphabet’s stock rises as earnings show Google ad sales holding steady
- Nvidia stock gains as Microsoft details plans to spend on AI infrastructure
- ChatGPT revolution has driven half the gains in the stock market this year: JPMorgan
- Intel is expected to post its biggest loss on record. Has the chip maker finally hit rock bottom?
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Go to Video CenterPowell and the Fed may be prone to the same mistakes that stoked inflation in the 1970s
U.S. central bank acts serious about taming inflation, but easy money beckons.
Fed to release postmortem report on Silicon Valley Bank collapse on Friday
The Federal Reserve’s review of its oversight of Silicon Valley Bank will be released on April 28, the central bank announced Tuesday. Silicon Valley Bank was taken over by regulators in early March when it became clear that there was going to be a run on the bank. As news spread about the bank’s fragile financial position, depositors planned to withdraw $142 billion in deposits from the bank. The Fed’s review is being led by Fed Vice Chair for Supervision Michael Barr. Last month, Barr told Congress that Fed staff was in close contact with SVB staff and management for more than a year about the management of the firm