Chinese finance minister hints at increasing the deficit at highly anticipated briefing
Lan Fo'an emphasized that the space for a deficit increase is "rather large," but noted such policies are still under…
Category: Economy
The Federal Reserve may have pretty much just hit its 2% inflation target
In fact, economists at Goldman Sachs think the Fed may already be there. ...
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing said it will lay off about 10% of its workforce as its losses deepen from an ongoing factory strike.…
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level. ...
Here’s the inflation breakdown for September 2024 — in one chart
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index. ...
AMD launches AI chip to rival Nvidia’s Blackwell
Advanced generative AI such as OpenAI's ChatGPT requires massive data centers full of GPUs, which has created demand for more…
Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
Tesla’s robotaxi event on Thursday will test investors faith in Elon Musk’s vision ...
The Fed is finally cutting rates, but banks aren’t in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many…
TikTok’s use of casino-like virtual currency to allegedly exploit children faces scrutiny in DC lawsuit
The District of Columbia attorney general alleges that TikTok operates an alleged "unlicensed virtual currency" as part of its TikTok…