AI’s housing impact is strong — but highly localized

Key insight: Use of Block’s Cash App Borrow has expanded in the year since the company received FDIC approval to directly originate loans.  What’s at stake: Block is leaning on Cash App to build a financial services business in competition with PayPal, other fintechs and banks.  Expert quote: “We’ve been able to reach younger demographics…

A week after a safety incident made national news, we’re beginning to get clarity on what led to a blocks-wide evacuation at the project at the former Pfizer Building. It appears that construction workers at the Midtown office-to-home conversion failed to install key steel reinforcement that could have caused two columns to buckle. The two…

Customers feel helpless when a bank or financial institution fails to resolve a complaint. Whether it is an unauthorised transaction, a wrongly frozen account, delayed settlement or poor service, the grievance process can sometimes drag on without a satisfactory outcome.   To address this, the Reserve Bank of India (RBI) has introduced the Reserve…

Crude oil inventories fall -7.167M versus -1.272M estimate. Crude oil futures move to new highs !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Artificial intelligence is transforming the economy, and now is the time to ensure that the technology benefits society, according to a statement signed by more than 200 economists and AI researchers. Among the signers of the statement are 16 Nobel Laureates, the Stanford Digital Economy Lab, which is hosting the online statement, said in a…