adminChinese stock traders ponder just how bad the economy can get
(Bloomberg) — A slew of poor economic data from China is deepening pessimism among equities traders wondering what it’d take for authorities to initiate forceful stimulus. Most Read from Bloomberg…
World Braces for Fed Easing Amid 36-Hour Rate Rollercoaster
(Bloomberg) — The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of…
Author Q&A: The challenges of aging in America
Worried about getting old, outliving your money, or loneliness? You’ve got plenty of company. By 2030, 1 in 5 Americans will be 65 or older, and by 2050, the US…
Nearly 30% of US Gulf of Mexico oil output offline after storm
HOUSTON (Reuters) – Nearly 30% of U.S. Gulf of Mexico crude oil production and 41% of its natural gas production remained offline on Saturday following Hurricane Francine, the U.S. offshore…
The 5 most important economic questions CEOs still have for Harris and Trump
Inspect the websites of Kamala Harris and Donald Trump, and you’ll find vague, skimpy descriptions of their policy positions, especially economic policy positions. It wasn’t ever thus. Candidates of both…
Salvagers launch new attempt to tow an oil tanker blown up by Yemen’s Houthi rebels
DUBAI, United Arab Emirates (AP) — A new attempt has begun to try to salvage an oil tanker burning in the Red Sea after attacks by Yemen’s Houthi rebels, a…
Biden-Harris cracks down on Shein, Temu as retailers prepare for more tariffs with Trump
The Biden-Harris administration is cracking down on a popular loophole used by Chinese retailers while US companies prepare for the possibility of more tariffs after the 2024 election. On Friday,…
Wall Street Refuses to Kick Risk Addiction in Big Bet on the Fed
(Bloomberg) — Time and again, Wall Street’s risk-taking brigade has turned a deaf ear to Federal Reserve policy machinations and shifting economic sentiment in the bond market. Most Read from…
Size, speed of rate moves in focus as Fed poised to start cuts
By Lewis Krauskopf NEW YORK (Reuters) – The Federal Reserve is in focus next week, as uncertainty swirls over how much the U.S. central bank will cut interest rates at…
Salesforce deploys autonomous AI agents, hailing ‘the third wave of the AI revolution’
Salesforce (CRM) touted its new suite of autonomous artificial intelligence agents ahead of its annual Dreamforce conference Thursday, saying its Agentforce platform represented “the third wave of the AI revolution.”…
