Federal Reserve Chair Jerome Powell said in August that the U.S. economy might be ready for an interest rate cut.
Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni
After surviving the “terrible prophecies,” Europe’s economy must face the challenges of the war in Ukraine and trade ties with China, EU’s Paolo Gentiloni says.
U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says
The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues.
Stocks making the biggest moves midday: Intel, Nio, Super Micro Computer and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Bowlero, UiPath, Broadcom and more
These are the stocks posting the largest moves in premarket trading.
China should focus on fighting deflationary pressure, former central bank governor says
China’s policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People’s Bank of China, said Friday at the Bund Summit in Shanghai.
7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company
Even if the offer was raised “very significantly,” Seven & i said the bid does not consider the “multiple and significant challenges” it would face.
S&P 500 tumbles Friday to post worst week since 2023, Nasdaq drops 2% for worst weekly performance since 2022: Live updates
The S&P 500 fell Friday and notched its worst week since March 2023.
AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
With the biggest companies in the world throwing billions of dollars at generative AI startups, traditional VCs are struggling to find their place in the boom.
Dell and Palantir to join S&P 500; shares of both jump
In the quarterly rebalancing of the S&P 500, tech companies Dell and Palantir were added to the benchmark index.