shadow banks

Private Equity

Private Equity Wants Everyone’s Credit Card Debt

(Photo Credit: Avery Evans/Unsplash)

The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.

2 min read

Photo by Ernie Journeys via Unsplash

Banking

US Lenders Have $1 Trillion Tied Up in Shadow Banks

The total reflects big banks’ increasing use of alternative financial institutions that are using the funds for riskier bets.

2 min read

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Finance

‘Just the Beginning’: BlackRock CEO Hails Record Revenues, Assets, Inflows

The asset manager announced annual revenues rose 14%, topping $20 billion for the first time, with record net inflows of $641 billion.

2 min read
Photo by Sven Piper via Unsplash

Industrials

Boeing Reveals Just How Bad a Year it Had

It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.

1 min read
Photo by Anete Lusina via Pexels

Artificial Intelligence

Generative AI-ifying Alexa is Way Harder than Amazon Thought

The company’s struggle gives us a glimpse into how the wider world of voice assistants is trying to keep up with the technology zeitgest.

2 min read

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