Business News Stories
Federal Reserve’s likely slowdown in rate cuts could disappoint borrowers
By CHRISTOPHER RUGABER, Associated Press Economics Writer WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials...
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Geopolitical tension boosts oil
SingaporeOil prices rose marginally on Thursday as geopolitical concerns over escalating tension between Russia and Ukraine countered the effect from a bigger-than-expected increase in US crude inventories. Brent crude futures rose 16c, or 0.2%, to $72.97 by 4.08am GMT. US West Texas Intermediate...
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Gold climbs as Russia-Ukraine tension fuels safe-haven demand
BengaluruGold prices rose for the fourth consecutive session on Thursday, driven by safe-haven demand amid escalating tension in the Russia-Ukraine conflict, while investors awaited remarks from Federal Reserve policymakers on the interest rate outlook. Spot gold was up 0.3% at $2,657.41/oz by...
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A social media ban for children younger than 16 is introduced in Australia’s Parliament
MELBOURNE, Australia (AP) — Australia’s communications minister introduced a world-first law into Parliament on Thursday that would ban children younger than 16 from social media, saying online safety was one of parents’ toughest challenges. Michelle Rowland said TikTok, Facebook, Snapchat, Reddit,...
photo: Creative Commons / Unsplash/ Solen Feyissa
ECB warns of ‘bubble’ in AI stocks as funds deplete cash buffers
FrankfurtThe European Central Bank (ECB) warned on Wednesday about a “bubble” in stocks related to artificial intelligence (AI), which could burst abruptly if investors’ rosy expectations are not met. The warning was contained in the ECB’s biannual Financial Stability Review, which listed...
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U.S. economy will collapse by 2026 on Trump’s tariffs, says Morgan Stanley
Donald Trump’s proposed tariffs will throw the U.S. economy into chaos by 2026. Morgan Stanley’s chief global economist, Seth Carpenter, says these tariffs are a surefire way to drive up inflation and tank growth. The plan is to slap a 10% to 20% tariff on all imports and hike up to 100% on goods...
photo: AP / Mark Lennihan
Bitcoin skyrockets: 5 reasons for price spike
(This information is for general knowledge only. It's not financial advice. Always consult a professional financial advisor for personalized guidance.) Clearer crypto regulations, greater institutional adoption and rising global economic uncertainty have all conspired to take Bitcoin price (BTC) to...
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Tug of war between developed and developing nations ratchets up a notch at COP29
The COP29 UNFCCC Conference on Climate Change marks its 29th year as the annual global gathering on climate action. This year’s event, a two-week affair, began last week. But what exactly is the UNFCCC Climate Conference? With the theme “Investing in a Livable Planet for All,” the key focus of COP29...
photo: UN Climate Change - Kiara Worth
Four ways in which history and religion are being transformed by the metaverse and AI
Imagine getting a live art class from Leonardo da Vinci, or having a fully interactive discussion about the meaning of life with Socrates. You can now do this in your living room with a laptop and headset through startups like Ireland’s Engage XR and Sweden’s Hello History , combining the...
photo: AP / John Locher
Best AI Business Tools: Domo AI, Copilot AI, Builder AI, and Resume Makers
Best AI Business Tools: Domo AI, Copilot AI, Builder AI, and Resume Makers Artificial intelligence has transformed how businesses and organizations operate by offering tools that boost productivity, enhance decision-making, and streamline workflows. From advanced analytics with Domo AI to automated...
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