will hurt the economy and credit markets. the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google has hailed another era in artificial intelligence. gemini has advanced to reasoning capabilities and in its own words, think more carefully. it is an up
the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google has hailed another error in artificial intelligence. gemini has advanced to reasoning capabilities and in its own words, think more carefully. it is an upgrade two the existing ai chat bot accor
factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as april next year, us dollar has been weakening ver
amount of coal they burned but a commitment on oil and gas use remains elusive. at the same time a meeting is also due to take those between the biggest oil producers and their allies, collectively known as opec plus of which the host, uae is a member. against that backdrop i have been speaking to david schlossberg, director of the sydney environment institute to remain sceptical about the of this year s climate talks. i think there are two clear problems. the first is the capture of the process by the fossil fuel industry and the second is the process itself. that is just the way it works. it means that petro states or countries that would captured by the fossil fuel industry can object to language and undermine real and strong changes. on the power of the fossil fuel industry, for this meeting we may be disappointed. we have the head of an oil state company setting the agenda and to me, that isjust an illustration of capture. he says it will be good to have the fossil fuel