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Finance

A majority of CFOs admit they don’t fully understand AI
Fortune

A majority of CFOs admit they don’t fully understand AI

A report by Amy Wang Huber of the Wharton School found that broker-dealers’ power over cash lenders in the repo market generates substantial profit for the dealers while affecting many downstream asset prices.

America’s top export may be anxiety
The Atlantic

America’s top export may be anxiety

Jules H. van Binsbergen of the Wharton School says that news coverage has gotten more negative every decade for the last 50 years, especially when adjusting for economic recessions.

Could stablecoins destabilize other markets?
Chicago Booth Review

Could stablecoins destabilize other markets?

Research co-authored by Yao Zheng of the Wharton School identifies economically significant risk in the two biggest dollar-backed stablecoins.

How elections test the Federal Reserve’s independence
CNBC

How elections test the Federal Reserve’s independence

Christina Parajon Skinner of the Wharton School says that regionalism at the Federal Open Market Committee is a nod to America’s federalist system of government.

Wall Street is high on AI
Wired

Wall Street is high on AI

A paper by Winston Wei Dou and Itay Goldstein of the Wharton School warns that informed AI traders can collude and generate substantial profits without explicit coordination that violates antitrust regulations.