Citadel Securities expects the Federal Reserve to raise interest rates on Wednesday. The firm’s case centers on a quarter-point increase, against a market consensus favoring a hold. Frank Flight, the firm’s head of macro strategy, laid out the case in a client note. He argued that traders have not fully priced the
Elon Musk vows a major charity pledge after Nobel economist Daron Acemoglu challenged him to donate trillion by 2036, testing whether his optimism about AI-driven abundance matches his willingness to part with his fortune.
The Hong Kong Monetary Authority (HKMA) published a white paper on quantum preparedness on July 27, rating its banking sector 2.3 out of 10 and targeting full readiness by 2030. Bitcoin (BTC) faces the same quantum threat but has no regulator to set a deadline. Its transition depends entirely on community consensus,
Microsoft CEO Satya Nadella says any firm that gives up control of its AI data will not remain a firm. The remarks extend a July 12 blog post where Nadella described what he calls the reverse information paradox. Companies, he argued, pay for intelligence twice: first with money, then with proprietary knowledge. Why