EU agrees to landmark rules governing AI after ChatGPT takes off
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research…
Microsoft’s investment in OpenAI faces initial review from UK CMA
Jaap Arriens | Nurphoto | Getty Images The U.K.’s competition watchdog has opened an initial review into Microsoft’s mammoth investment…
Stock market today: Live updates
Stocks rose on Friday after the November jobs report and University of Michigan consumer survey data signaled a resilient economy…
‘Excess profits’ of big firms have driven up inflation, report claims
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases…
Signs are pointing to a banner travel year in 2024
American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S.,…
Private payrolls increased by 103,000 in November, below expectations, ADP says
Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, payrolls…
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September…
What one Swiss bank’s troubles tells us about market vulnerabilities
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13,…
Fed’s Waller expresses confidence that policy is in the right place to bring down inflation
Federal Reserve Governor Christopher Waller said Tuesday he’s growing more confident that policy is in a place now to bring…
Biden slams corporations over high consumer costs
U.S. President Joe Biden speaks about efforts to strengthen United States supply chains that effect economic and national security, during…
2024 will get really sloppy in first half
Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy,…
President Biden’s approval among small business owners hits a new low
US President Joe Biden holds up a copy of the Republican’s FY2024 budget as he delivers remarks on Bidenomics and…
Stocks making the biggest moves midday: FSR, NVDA, COIN
Check out the companies making headlines in midday trading. Nvidia — Nvidia shares fell 1.9%. Reuters , citing sources, reported…
Fed minutes November 2023:
Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation…
Goldman Sachs says world economy to perform better than expected in 2024
New York city skyline Alexander Spatari | Moment | Getty Images Goldman Sachs predicts the global economy will top expectations…
Ford’s production workers at Kentucky, Louisville vote against new labor deal
LOUISVILLE, KENTUCKY – OCTOBER 14: Factory workers and UAW union members form a picket line outside the Ford Motor Co.…
The world’s best and brightest are flocking to these countries
Commercial and residential properties stand on the city skyline in Zurich, Switzerland, on Wednesday, Nov. 11, 2015. Risks to the…
Flight discounts are back as airlines race to fill seats
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Luke Sharrett |…
House Republicans unveil their plan to avert a government shutdown next week
WASHINGTON — House Republicans on Saturday unveiled their stopgap funding bill to avert a government shutdown set to begin next…
Moody’s cuts U.S. outlook to negative, citing deficits and political polarization
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s…
Stock futures are little changed after the S&P 500’s best week of 2023: Live updates
Trader on the floor of the New York Stock Exchange, July 15, 2021. Source: NYSE U.S. equity futures were flat…
As the market enters correction territory, don’t blame the US consumer
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at…
Biden hails GDP report, but voters don’t see the same upside as Wall Street
President Joe Biden speaks during an event on the economy, from the South Court Auditorium of the Eisenhower Executive Office…
U.S. wraps up fiscal year with budget deficit near $1.7 trillion
Janet Yellen, U.S. Secretary of the Treasury, participates in a global infrastructure and investment forum in New York on Sept.…
Stocks making the biggest moves after hours: SEDG, KNX, ISRG
Check out the companies making headlines in after-hours trading. SolarEdge — Shares plunged 20% after the solar company lowered its…
US oil is back, and Exxon’s $60 billion deal isn’t the biggest signal
Workers connect drill bits and drill collars used to extract oil in the Permian basin outside of Midland, Texas. Brittany…
Key takeaways from the IMF-World Bank meetings
U.S. Secretary of Treasury Janet Yellen arrives for a bilateral meeting on the third day of the International Monetary Fund…
Consumer prices rose 0.4%, more than expected
Prices that consumers pay for a wide variety of goods and services increased at a slightly faster-than-expected pace in September,…
Delta Air Lines (DAL) Q3 2023 earnings
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines’ profit rose nearly 60%…
London’s financial heart sizing up win for Labour party
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LIVERPOOL,…
Bullish case for corporate bonds over Treasurys tied to rising rates
There may be advantages to owning corporate bonds right now. JPMorgan’s Bryon Lake believes his firm’s Ultra-Short Income ETF (JPST)…
Here’s where the jobs are for September 2023 — in one chart
The U.S. labor market saw broad gains in September in a surprisingly strong jobs report that sparked a quick sell-off…
Inflation is ‘always going to be a risk,’ ADP chief economist says
A help wanted sign on a storefront in Ocean City, New Jersey, US, on Friday, Aug. 18, 2023. Surveys suggest…
U.S. is weaker now than when we downgraded in 2011
Washington, D.C. – March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of…
The era of the subminimum wage for tipped restaurant workers is ending
After a months-long public campaign that began shortly after Mayor Brandon Johnson (right) took office in May, advocates reached a…
Turkey’s central bank hikes interest rate to 30%
Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa…
UK inflation dips to 6.7%, below expectations as food prices ease
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that…
PPI inflation report August 2023:
A shopper peruses the meats section of a grocery store on September 12, 2023 in Los Angeles, California. Mario Tama…
Wolfe Research think this pharma stock can bounce back and deliver long-term earnings growth
Now is not the time for investors to ditch CVS Health , according to Wolf Research. The firm upgraded the…
Germany predicted to be the only major European economy to contract
A metalworker grinding a peace of metal is pictured in a forge in Klitten, Germany. Manufacturing activity has struggled this…
Stocks making the biggest moves premarket: AAPL, WRK, MCD
Apple phones on display in an Apple store in Miami, Florida, May 4, 2023. Joe Raedle | Getty Images Check…
Fed Governor Waller agrees the central bank can ‘proceed carefully’ on interest rates
Federal Reserve Governor Christopher Waller said Tuesday that the recent round of strong economic data will buy the central bank…
Stocks making the biggest moves after hours: DELL, LULU, MDB
Ralph Orlowski | Getty Images Check out the companies making headlines after hours. MongoDB — Shares of the database software…
Indonesia’s China-backed high-speed train sparks concerns of debt trap
Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city…
Why Brits don’t tip
Andresr | E+ | Getty Images U.S. tipping culture is a hot and divisive topic for many right now. While…
Is China really buying up U.S. farmland? Here’s what we found
Farmland in southern North Dakota near Bismarck on September 2, 2016. Robyn Beck | AFP | Getty Images State and…
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest…
Turkish central bank announces bigger than expected rate hike
Exterior of the Turkish Central Bank, known as Turkiye Cumhuriyet Merkez Bankasi in Ankara. Nurphoto | Nurphoto | Getty Images…
Hawaii wildfires caused up to $6 billion in economic losses
Destroyed homes and cars are shown in Lahaina, Hawaii, Aug. 13, 2023. Rick Bowmer | AP The catastrophic wildfires in…