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News
Goldman Sachs, JP Morgan expect September Fed hike as inflation lingers
14+ hour, 1+ min ago (366+ words) Sept 14 (Reuters) - Goldman Sachs and J.P. Morgan now expect the U.S. Federal Reserve to raise interest rates this week after a string of stronger-than-expected inflation readings challenged hopes that price pressures would continue to ease without additional policy tightening. The Wall Street…...
Former Trump Adviser Backs Self-Imposed AI Slowdown
16+ hour, 12+ min ago (516+ words) David Sacks, a former adviser to President Donald Trump who served as the White House artificial intelligence and crypto czar, says OpenAI and Anthropic should slow development of their most advanced AI models if they believe the technology poses serious…...
Further Oil Price Spikes Could Rekindle Recession Fears
16+ hour, 23+ min ago (480+ words) Surging oil and fuel prices have revived inflation and recession fears, with Brent and WTI above $100 and U.S. diesel hitting a record $6 per gallon....
UAE, Iran Leaders Meet as Push to Resolve Hormuz Standoff Grows
1+ day, 8+ hour ago (506+ words) (Bloomberg) -- Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan met Iranian President Masoud Pezeshkian, as the Islamic Republic touts a potential deal to allow more ships through the Strait of Hormuz. Trump Sees Canada Deal 'Fairly Soon,' Downplays…...
Virginia consumer sentiment drops to 59.6 as inflation and cooling labor market squeeze budgets
1+ day, 1+ hour ago (500+ words) Virginia shoppers are feeling more pressure at the checkout line, and a new poll suggests that these higher costs are affecting how residents view the economy as a whole. In August, a new Roanoke College survey found a sharp decline…...
UBS Expects Two Fed Rate Hikes by End of 2026 After Warsh Speech and Jobs Data
1+ day, 4+ hour ago (336+ words) UBS analysts expect the Federal Reserve to raise interest rates twice before the end of 2026, citing comments from Fed Chair Kevin Warsh and recent U.S. employment data. Analysts including Jonathan Pingle and Abigail Watt said Warsh's remarks at the Federal Reserve's…...
Carney pushes idea of making Canada 'associate member' of EU, WSJ reports
1+ day, 2+ hour ago (33+ words) BRUSSELS, Sept 13 (Reuters) - Canada's Prime Minister Mark Carney wants closer links with the European Union and is exploring whether his country could become an "associate member" of the bloc, The...
One year after a bipolar episode put him in the hospital, Bonobos cofounder Andy Dunn sold his company to Walmart for $310 million
1+ day, 10+ hour ago (447+ words) Over the course of his two-decade career, entrepreneur Andy Dunn has launched several businesses and invested in dozens more. One of his biggest moves to date was selling his menswear brand Bonobos to Walmart in 2017 for a whopping $310 million. But…...
Renting a home in Austin saves you $1,917 a month over buying — and it's not the only metro where renters can save big
2+ day, 4+ hour ago (612+ words) Skyrocketing home prices and mortgage rates are making rentals increasingly more attractive....
3 Ways to Invest in Anthropic Pre-IPO
2+ day, 9+ hour ago (177+ words) Anthropic's IPO is expected to take place this year, but you can get exposure to the stock well before its big day....