Did the Fed just royally screw up?
CNN
It took only a few days for the Federal Reserve’s latest decision on interest rates to age like milk.
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World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said Wednesday.
American families, weary of high grocery prices, are looking for ways to cut costs.
In MAGA world, Stephen Miran, the White House economist President Donald Trump nominated last week to the Federal Reserve’s top ranks, is a force to be reckoned with.
Geoffrey Hinton, known as the “godfather of AI,” fears the technology he helped build could wipe out humanity — and “tech bros” are taking the wrong approach to stop it.
The severely indebted real estate developer China Evergrande, already in the process of liquidation, said on Tuesday it will be delisted from Hong Kong’s stock exchange on Aug. 25, another setback to mainland China’s property sector.
EJ Antoni, President Donald Trump’s pick to lead the Bureau of Labor Statistics, is no longer considering suspending the monthly jobs report — one of the most crucial and historic measurements of US economic activity — after proposing the unprecedented action during an interview that published Tuesday.
Artificial intelligence search company Perplexity has made an unsolicited, $34.5 billion offer to purchase Google’s Chrome browser, a surprise move by a Google Search challenger that’s looking to upend how people find information online.
President Donald Trump is, once again, opening the door to firing Federal Reserve Chair Jerome Powell.
Inflation didn’t rise as much as expected last month — but a measurement of underlying price hikes shows a pickup in tariff-related pressures.
Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer.
Shakedown capitalism
Norway’s $2 trillion sovereign wealth fund, the world’s largest, said on Tuesday it expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the situation in Gaza and the West Bank.
Police departments across the country are adopting an AI tool called Draft One, which helps officers write the first draft of police reports. But there are concerns that AI-drafted reports could contain biases or inaccuracies.