Grand Canyon National ParkJacobs Stock Photography | Photodisc | Getty ImagesThe National Park Service is offering free admission to U.S. national parks on six days in 2024.There are more than 400 national parks in the U.S. Most of them offer free entrance all the time.However, 109 parks don't — including...
Category: Finance
James Gorman talks Disney succession, proxy fight as he gears up to join board
Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney, which will advise the board on choosing CEO Bob Iger's successor.Gorman is set to step down as Morgan Stanley CEO Jan. 1. He will join Disney's board in February.Disney announced last...
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair.Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week's policy meeting by creating "irrational exuberance" among investors."The...
Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s
Michael Milken attends Prostate Cancer Foundation's Dinner At Daniel on November 19, 2019 at Daniel in New York City.Paul Bruinooge | Patrick McMullan | Getty ImagesFamed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide.In fact, the Milken Institute founder...
EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany.Kirill Kudryavtsev | Afp | Getty ImagesThe European Union on...