Nikkei: US Treasury Department tells traders, prepare for potential additional intervention

Flexible Finance aims to secure a Utah industrial bank charter to support its flexible rent payments solution Flex Rent. The company has submitted applications to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to charter a Utah state-chartered industrial bank called Flex Bank, it said in a Friday (July 24) press release. Flex Bank would…

Quantum computing may not be at the top of every investor’s mind right now due to the prominence of artificial intelligence (AI) investing. However, I think it’s something investors should keep in mind. By 2030, there could be commercially viable quantum computing available, and that could shake up tech even more than AI has. If…

Opinions expressed by Entrepreneur contributors are their own. Key Takeaways AI applications are rapidly compressing into commodities. The winner is determined entirely by context. Defensibility lives in the integrity of the data layer the agent calls. This reality drives a fundamental consolidation of the revenue stack, forcing us to reframe our mental model from localized…

Kristin Milchanowski shared some of the ways her team is working toward a return on AI and making models more trustworthy at American Banker’s Digital Banking Conference.

Risk managers face a step-change in their responsibilities as artificial intelligence systems take on faster, more autonomous decision-making, according to senior industry officials. “We’re completely underestimating the level of autonomy that AI will soon get,” said Thomas Ribarits, chief risk officer for the European Investment Fund. “I’m convinced that we will soon have AI use…

The weekly Baker Hughes oil rig count showed a gain of 7 to 452. The Gas rigs were unchanged at 126 and Total rigs rose by 7 to 588. Versus a year ago, oil rigs are up from 422 while gas rates are up from 117. The price of crude oil today is up by…