Philadelphia Fed’s Anna Paulson says ‘modest’ rate moves likely ahead to tame inflation
The policymaker said she and her colleagues may need to raise interest rates further to bring inflation back to target.
Darden Restaurants stock falls as Olive Garden reports slower growth
Olive Garden’s same-store sales growth has slowed in recent quarters.
Starbucks to shutter about 250 stores in latest round of cafe closures
Starbucks will close about 1% of its North American cafes in the latest stage of its turnaround.
Trump, Xi to attend state dinner after White House meeting
Trump greeted China’s Xi at Joint Base Andrews, marking the U.S. president’s first time traveling to the facility to welcome a foreign leader.
Flock, Axon dodge Senate hearing after invite from Chair Josh Hawley
Prior to the hearing about the surveillance technology companies, Sen. Josh Hawley, R-Mo., suggested the executives could face subpoenas.
Meta’s standoff with Amazon over Muse could be a sign of things to come
Meta’s new Muse AI personal agent is garnering excitement and shows signs of becoming a hit, but Amazon has blocked the app from its site.
Judge hears arguments on Trump White House media ban, hopes to rule ‘soon’
The DOJ on Tuesday night cited national security concerns in justifying President Trump’s ban of MS NOW, CNN and Politico from the White House.
OpenAI and Anthropic CEOs push for AI cooperation at UN after Trump rebuffs ‘globalist scheme’ to control it
Altman is one of several tech executives who’s argued that AI companies should temper the pace of AI development in order to manage potential risks.
Here’s what happens to the economy when Treasury yields soar like they are now
Government debt costs leaped higher Wednesday, the product of multiple factors.
As Trump and Xi meet, Chinese automakers could be a Pandora’s box for U.S. auto industry
Trump’s meeting with Xi comes as U.S. automakers and lawmakers push to keep restrictions on Chinese vehicles and manufacturers.
