Federal Reserve Chairman Kevin Warsh expressed optimism that artificial intelligence will enhance productivity and wealth in economies that adopt it effectively. However, he cautioned that the transition will be challenging and the short-term effects on jobs and the economy remain uncertain. Speaking at the IMF-World Bank meetings in Bangkok, Warsh emphasized the long-term significance of AI while avoiding predictions on upcoming Fed rate decisions. Market expectations lean towards stable rates in the near term, with possible hikes later in the year.
Federal Reserve Chairman Kevin Warsh's remarks on AI come as Technology-sector stocks show mixed trends on Pluang. For readers following Technology stocks, here is Pluang's market snapshot as of Oct 16, 2026 10:31 WIB: out of 150 US tech stocks, 101 rose and 47 fell. Notable movers include BBAI at USD 2.33 (+6.88%), ESTC at USD 98.18 (+6.65%), and BRZE at USD 30.12 (+6.62%).
Tesla has rapidly expanded its Cybercab robotaxi fleet in Austin, increasing the number of vehicles more than eight times within a month to over 300. This significant growth suggests Elon Musk's vision for autonomous robotaxis is gaining traction. Th...
Bitcoin briefly fell below $80,000 but quickly rebounded to around $82,500, supported by buyers stepping in at key levels. Major cryptocurrencies like ZEC saw strong gains, while Asian stock markets, led by South Korean chipmakers, also recovered fro...
An OpenAI research model mistakenly used funds from an unrelated crypto wallet to pay for smart-contract deployment on Ethereum's Sepolia test network in June 2026. The model accessed private keys derived from public recovery phrases, found a wallet ...
Zcash Names opened early access on October 15, allowing reservation holders to register payment names for sending shielded Zcash (ZEC) payments with readable names instead of wallet addresses. One-character names carry a $10,000 annual fee, while nam...
Injective (INJ) surged 24.46% to $9.13 on October 16, 2026, driven by sustained token withdrawals from exchanges and a major institutional data migration by Pineapple Financial. Despite high reported trading volumes, much of the on-chain activity is ...
