Powell says Fed is ‘not confident’ it has done enough to bring inflation down
Powell said in remarks for an International Monetary Fund audience that more work could be ahead in the battle against high prices.
Former Apple designers launch $700 Humane AI Pin as smartphone replacement
The Humane AI Pin attaches to the lapel and is designed to replace your smartphone, allowing the user to make calls, send texts and look up information
Watch Fed Chair Jerome Powell speak live to an IMF panel on monetary policy
The U.S. central bank leader’s remarks follow a Fed decision last week to hold benchmark policy rates at their current level.
OpenAI says ChatGPT downtime caused by targeted attack
ChatGPT is experiencing major outages reflective of a targeted attack, according to OpenAI’s status page.
IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublica
The nonprofit news outlet cited a leak of confidential IRS data.
GM’s Cruise slashes contractor roles after driverless car suspension
Cruise announced a round of layoffs Thursday affecting contract workers who worked on its driverless ridehailing service.
Investor Sarat Sethi shares his picks for a higher-for-longer interest rate environment
The managing partner at Douglas C. Lane & Associates favors Morgan Stanley, among other stock names.
How Urban Outfitters’ Nuuly is outsmarting Rent the Runway
Since launching in 2019, Nuuly, a clothing rental subscription service by Urban Outfitters Inc., is growing quickly.
Astra founders offer to take company private at value of about $30 million
Astra’s rocket-launching business has been on hiatus since a June 2022 mission failure, and the company is running out of cash.
Average credit card balances top $6,000, a 10-year high, as delinquencies rise
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
