Inflation slowed to a 3.1% annual rate in November
The consumer price index was expected to be flat in November and up 3.1% from a year ago, according to Dow Jones consensus estimates.
Harvard president staying on the job after outcry over antisemitism testimony
Gay and her counterparts at the University of Pennsylvania and the Massachusetts Institute of Technology drew fierce criticism at a House hearing last week.
Fed to start cutting rates midyear in 2024 with high chance of soft landing, CNBC Fed survey finds
Lower inflation, falling rates and a soft landing are in the cards, according to the respondents to the CNBC Fed survey.
Why Fed rate hikes take so long to affect the economy, and why that effect may last a decade or more
The Federal Reserve’s interest rate increases may slow economic growth for a decade or more, according to a recent estimate from San Francisco Fed economists.
Anger and frustration as COP28 draft text omits fossil fuel phaseout
The draft text for a COP28 climate deal that does not include the phasing out of fossil fuels has drawn widespread criticism.
U.S. pension funds heavily invested in China complicate Washington’s crackdown, new analysis finds
U.S. efforts to clamp down on investments in China may be undermined by continued funding from some of the country’s institutional investors, analysis shows.
Ford cuts planned 2024 production of electric F-150 Lightning in half
It marks a major reversal after Ford significantly increased plant capacity for the Lightning EV in 2023.
Amazon drone delivery executive who oversaw safety, FAA relations departs the company
Sean Cassidy, who served as the drone delivery unit’s head of safety, flight operations and regulatory affairs, has left the company.
Oracle shares slide as revenue misses estimates
Demand for Oracle cloud services is growing fast, but analysts had expected more overall revenue in the most recent quarter.
Former Rep. George Santos in plea deal talks with prosecutors, court filing says
George Santos, who was expelled from Congress early this month, is charged with multiple criminal charges in New York federal court.
