Form 4 First Financial Bancorp For: 1 August

Silicon Valley admits AI may be a bubble, they just want to believe it is the right kind of bubble. But, when Meta reported it was selling excess AI capacity, it wiped $200bn off AI stocks in a day. But, what has really worried the likes of Anthropic and OpenAi is the arrival of cheaper…

We thank Andrew Chen (discussant), Ingrid Tierens, Stefan Nagel, and conference and seminar participants at The Future of AI in Asset Management Conference at Chicago Booth, the ABFR Seminar, Baruch College, Columbia University, and the University of Utah for helpful feedback and suggestions. For financial support, Koijen thanks the Center for Research in Security Prices…

You can claim Social Security starting at 62, and that’s the most popular age to claim benefits. In fact, 26% of retirees claim then. It’s not the optimum age for most people, though. In fact, the best age to start your Social Security checks may come as a big surprise. Image source: Getty Images. This…

If your salary is anything above £39,039 a year, that places you in the top half of all full-time workers in Britain. In fact, a new Statesman survey states 60% of Britons earning £90,000 think they are about average. But just £100,000 a year would place you in the top 5% of all salaries. Of…

BNY’s Geoff Yu highlights a hawkish 25bp hike by the Bank of Korea (BoK) to 2.75%, with guidance that Gross Domestic Product (GDP) and core inflation will exceed earlier forecasts. Authorities are also tightening rules on single-stock leveraged ETF/ETN products to curb speculative leverage in memory chip names. Asian semiconductor stocks, including SK Hynix and…

We study how firms and workers adjust when previously restricted migrants gain full and portable work rights in a labor market with substantial informality. We exploit the 2007 EU accession of Bulgaria and Romania, which granted unrestricted work rights to Italy’s largest migrant group. Using matched employer–employee administrative data and an IV-DID design, we find…