Panic over the rise of AI is hitting a fever pitch

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Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition, a roundup of some of our top stories. 

Commercial real estate could be where the next economic shock comes from. Here's what Elon Musk, Bill Ackman, and 5 others have predicted.

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NY buildings

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Sergey Brin is one of 4 billionaires subpoenaed in a lawsuit about JPMorgan's links with Jeffrey Epstein, report says

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US Virgin Islands
The US Virgin Islands is suing JPMorgan over its connections with Jeffrey Epstein.

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Markets are headed for a rally right before a recession 'pounds away at the economy,' JPMorgan Asset Management CIO says

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  • JPMorgan Asset Management CIO says markets  are headed for a "feel good period" before an economic slowdown.

A couple is accusing JPMorgan of drilling open their safe deposit boxes and selling $10 million of their jewelry after they failed to pay rent for the boxes

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Woman Keeping her jewelry in a bank safe box - stock photo
A couple is accusing JPMorgan of drilling open their safe deposit boxes and selling $10 million of their jewelry after they failed to pay rent for the boxes.

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The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse

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A rear view of a cargo ship stacked with containers alongside a wharf at Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022
A cargo ship berths at a container dock of the Port of Antwerp-Bruges in Antwerp, Belgium, Oct. 27, 2022

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First Republic and other regional bank stocks surge as Yellen sees crisis 'stabilizing' and big lenders eye more support

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A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.
A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.

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Treasury Secretary Janet Yellen says the US banking crisis is 'stabilizing' and the government could provide more backing for deposits

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Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen at IMF headquarters in October 2022 in Washington, DC.

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The US economy is headed for a hard landing as the banking crisis makes a recession more likely - and traders should avoid risk, JPM's quant guru says

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Trader NYSE
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.

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JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.

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Bag of stones
JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before to many others.

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