FinanceAxios Techabout 1 hour ago
Bank Stocks Slump on Rate and AI Agent Fears
1 min read
The KBW Nasdaq Bank Index has fallen into correction territory as investors expect the Federal Reserve to raise short-term interest rates as much as twice more this year. Worries that AI agents could disrupt banking business models are adding to the selloff, even as consumers keep spending and companies keep borrowing.
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