AI agents could spark bank runs by yanking cash from low-paying accounts: Apollo economist

AI agents could spark a new kind of bank run by automatically yanking consumers’ cash out of low-paying checking accounts and chasing higher yields, Apollo chief economist Torsten Sløk warned — the latest dire prediction about artificial intelligence in a wave of doomerism. The threat to banks could emerge as personal AI agents such as Meta’s newly launched Muse gain access to users’ financial information while taking on a growing range of tasks on their behalf, the egghead explained. “If every household used AI agents to optimize the return on their cash balances, banks could lose a large share of…

Trump to announce largest steel plant in American history to be built in Iowa

WASHINGTON — President Trump will announce Monday afternoon that the largest steel plant in American history will be built in Iowa by Minnesota-based Mesabi Metallics. The announcement is part of the administration’s focus on domestic manufacturing ahead of the Nov. 3 midterm elections and comes as the president’s 50% tariffs on…

Trump muses about converting WH press room into indoor pool

WASHINGTON — It would be a different kind of press pool. President Trump taunted the press Sunday by suggesting he might convert the White House’s James S. Brady Press Briefing Room back to an indoor swimming pool, as it originally was under former President Franklin D. Roosevelt, amid his feud…

Nvidia boosts share buyback by record 0B as AI boom fuels growth

Nvidia boosted its share buyback authorization by a record $150 billion, surpassing Apple’s $110 billion approval in 2024, as the chip giant’s stock trades near its lowest valuation in more than a decade. Shares of Santa Clara, Calif.-based Nvidia, which has a market cap of more than $5.5 trillion, rose…

Yankees vs. Red Sox series prediction: Rookie sensation makes a splash

Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. Here we go again. One year after the Yankees defeated the Red Sox in the 2025 Wild Card Round, the two eternal rivals will…

A familiar face is returning to the Commanders. After going unsigned this offseason, running back Austin Ekeler is expected to re-sign with the Commanders midseason and be placed on their 53-man roster pending a physical, per NFL insiders Ian Rapoport and Mike Garafolo. Ekeler, 31, is fully healed from an…

Dodgers’ latest September surge putting them in perfect playoff position

The cliché is to compare Major League Baseball’s regular season to a marathon. On Tuesday, Dodgers manager Dave Roberts used the mile as his analogy instead. “The third leg is the hardest leg,” Roberts explained, drawing a comparison to the four laps run in mile-long 1600-meter races. “I think it’s…

LSU fills roster in major twist to former NFL player drama

LSU has filled out its roster. But the two players who have generated headlines and buzz in the college football world for weeks are not the ones who are being added. Lane Kiffin and LSU have added Aiden Anding and Gabriel Reliford to bring their roster to 105 players, ESPN’s…

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