Powell says DOJ threatened Fed indictment over headquarters renovation

A hand holding a phone showing financial charts with a pad of paper for notes aside.

Jerome Powell says prosecutors threatened a criminal indictment tied to his Senate testimony about the Fedโ€™s $2.5 billion headquarters renovation, and he claims the real aim is political pressure on interest rates.

Ocasio-Cortezโ€™s AI Bailout Warning Looks Different When You Do the Math

A lawmaker addressing congress about a potential AI bubble.

Rep. Alexandria Ocasio-Cortez warns that if the AI bubble bursts, taxpayers should not bail out tech giants, comparing the risk to a 2008 style financial crisis. Here are the numbers.