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Finance

Banks raise deposit rates to counter stock market money move

Deposit products paying around 3 percent a year are reappearing in South Korea as lenders try to prevent funds from moving into a rising stock market. Major banks have made small increases in time-deposit rates, while NH NongHyup Bank has raised some one-year products to 3.05 percent. Time-deposit balances at the top five banks rose in February but remain below last November. Internet-only banks and savings banks have lifted rates more aggressively, while commercial banks remain cautious as market rates fall.

AI & Enterprise

Musk says Tesla will build AGI, but past record draws doubts

Elon Musk has declared that Tesla will develop artificial general intelligence, or AGI, but markets are divided because his past AI predictions repeatedly missed deadlines and lacked clear definitions or verification standards. Musk now links AGI to Tesla’s Optimus humanoid robot, while critics cite missed full self-driving targets and limited robotaxi operations. Investors have sued, alleging Tesla resources are being used to grow xAI. Tesla’s deliveries and revenue fell in 2025 as competition intensified.

Crypto

XRP bullish pattern still fragile; $1.4 break key

XRP has formed a bullish pattern after rising about 5 percent in the past 24 hours and recovering about 16 percent from its Feb. 28 low, BeInCrypto reported. The outlet said it is unclear whether the rally can continue as exchange inflows rise and XRPL activity falls. Payment transactions and XRPL DEX volume have dropped sharply. Futures open interest rose from March 2 to 5, though leverage later eased.