adminRussian Steel Bucks Global Downturn as War Economy Drives Demand
(Bloomberg) — Weak Chinese demand is depressing the global steel market, but Vladimir Putin’s war economy has made Russia a striking exception. Most Read from Bloomberg The Kremlin’s invasion of…
Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy
Days after being elected as Thailand’s youngest-ever prime minister, Paetongtarn Shinawatra threw cold water on a policy question that had been simmering for months. At a press conference soon after…
Houthi-Hit Oil Tanker in Red Sea Appears to be Leaking: Pentagon
(Bloomberg) — An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. Most…
Kroger Hiked Milk, Egg Prices Above Inflation, Merger Judge Told
(Bloomberg) — Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US…
Oil Edges Up After Technical Drop as US Stockpiles Seen Falling
(Bloomberg) — Oil gained in Asia after dropping more than 2% on Tuesday, as an industry report pointed to a further decline in US crude stockpiles. Most Read from Bloomberg…
Stock market today: US stocks tread water with Nvidia, rate cuts in focus
US stocks saw choppy trading action on Tuesday as investors tread carefully on the eve of Nvidia's (NVDA) potentially market-moving earnings report. The Dow Jones Industrial Average (^DJI) dropped about…
Chicago and NY Fed directors favored discount rate cut in July
By Michael S. Derby (Reuters) -Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point…
Futures little changed on caution ahead of Nvidia results, economic data
By Johann M Cherian and Purvi Agarwal (Reuters) -U.S. stock index futures were muted on Tuesday ahead of highly anticipated results from Nvidia and crucial economic data expected later in…
Rent remains a pain point for small businesses even as overall inflation cools off
NEW YORK (AP) — While many costs have come down for small business, rents remain high and in some cases are still rising, forcing many owners into some uncomfortable decisions.…
California AI bill sparks debate in Silicon Valley as some tech giants call it a threat to innovation
A first-of-its-kind AI bill is winding its way through California, causing infighting between groups of AI pioneers. The AI safety bill, SB 1047, would put more responsibility on any developer…
