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AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
13+ hour, 54+ min ago (446+ words) SINGAPORE, Sept 14 (Reuters) – AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario…...
Goldman Sachs now expects Fed to hike rates in September
15+ hour, 31+ min ago (138+ words) Sept 13 (Reuters) - Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September policy meeting, reversing its previous forecast for rates to remain unchanged. The Wall Street bank said in a... Sept 13 (Reuters)…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
17+ hour, 51+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
1+ day, 2+ hour ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
US judge blocks Trump administration’s ‘loyalty’ question for job applicants
2+ day, 18+ hour ago (458+ words) BOSTON, Sept 11 (Reuters) – A federal judge on Friday blocked U.S. President Donald Trump’s administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan “loyalty question.” U.S. District…...
Dollar holds gains, yen slips as Mideast energy shock deepens
3+ day, 17+ hour ago (522+ words) SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle…...
Trading Day: Inflation palpitations
3+ day, 21+ hour ago (566+ words) In my column today, I look ahead to Friday’s U.S. CPI inflation report, and specifically the importance it has assumed. If it is “hot”, the Fed will almost certainly raise rates next week. But how have we got to a…...
Washington nonprofit Better Markets sues Federal Reserve over capital rule overhaul
4+ day, 1+ hour ago (310+ words) By Pete Schroeder and Michelle Price WASHINGTON, Sept 10 (Reuters) – Better Markets, a Washington nonprofit that advocates for Wall Street reforms, sued the U.S. Federal Reserve on Thursday, alleging the central bank has broken federal rules in its handling of a…...
Bond yields hit multi-year highs as traders brace for new ECB rate-hike cycle
4+ day, 2+ hour ago (649+ words) LONDON, Sept 10 (Reuters) – Traders in the euro area were bracing for interest rate hikes well into next year on Thursday as the European Central Bank hiked borrowing costs and increased its inflation forecast, just as oil prices jumped again due…...
Fed, eyeing inflation data, may lean toward a hike, traders bet
4+ day, 3+ hour ago (419+ words) Sept 10 (Reuters) – The Federal Reserve is a bit more likely to raise short-term borrowing costs at its meeting next week, traders bet on Thursday, after the first of this week’s key inflation reports. Data showed U.S. producer prices rose…...