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Rachel Witkowski

Rachel Witkowski

Business Editor

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Brown University lab to build AI that is safe for therapy

A new institute created at the university is developing a generation of chatbots that can better interpret an individual’s behavioral needs and foster a safer environment for therapy.
Computer scientist Ellie Pavlick, who will lead the Brown-based institute. Nick Dentamaro/Brown University.

BlackRock’s Fink backs ‘MAGA’ accounts

BlackRock Chairman and CEO Larry Fink said he supports the GOP’s proposal to create investment accounts for children at birth.
Larry Fink on CNBCBrendan McDermid/Reuters

Treasury’s play for regulatory control puts it on collision course with Fed

Secretary Scott Bessent isn’t consolidating agencies. He is consolidating power.
Treasury Secretary Scott BessentEvelyn Hockstein/Reuters

BlackRock and JPMorgan CEOs, along with US lawmakers, tackle looming retirement ‘crisis’

They will be part of a March summit in Washington to address the issue, after BlackRock found one-third of Americans have no retirement savings.
Brendan McDermid/Reuters

CFPB on life support as senior staff exit

Congress is weighing whether to restructure the agency or dissolve it after the Trump administration temporarily halted its operations.
Supporters of the Consumer Financial Protection Bureau (CFPB) rally after the agency’s shutdown.Craig Hudson/Reuters

Federal Reserve’s top cop steps down as Trump looks to revamp regulators

Michelle Bowman, often a critic on the Fed board, could be named as successor to the vice chair of supervision seat, several sources confirmed.
Fed’s Michael Barr testifies before a Senate Banking Committee on May 18, 2023.Evelyn Hockstein/Reuters

YouTube launching new tools to help celebrities manage AI copycats

The tools will allow celebrities to manage videos that use technology to recreate their appearance, and request its removal.

Trump administration eyes potential heads of financial agencies

The list of possible candidates to run the financial regulatory agencies under Trump has expanded, with some names closely aligned to the GOP’s agenda.

Trump readies shortlist for financial agencies

The next administration could rollback some consumer protections, redo big bank capital rules, and overhaul the nation’s mortgage system.