Here’s everything the Federal Reserve is expected to do Wednesday
The Federal Reserve on Wednesday is expected to take a break and let the U.S. economy catch its breath.
Citi says buy Albemarle, cites stabilizing lithium prices amid strong electric vehicle demand
Analyst Patrick Cunningham said the lithium producer is a buy because of its long-term potential.
AMD reveals new A.I. chip to challenge Nvidia’s dominance
AMD said its forthcoming most-advanced GPU for AI, the MI300X, will start shipping to some customers later this year, the company said on Tuesday.
Jack Dorsey’s plan for decentralized social app may be thwarted by Apple’s strict payment rules
Damus, a decentralized social app backed by the Twitter co-founder, has integrated Lightning bitcoin payments. Apple isn’t sure that’s allowed.
Social Security cost-of-living adjustment may be 2.7% in 2024, new estimate finds
Government data for May shows inflation cooling, and that means Social Security beneficiaries may see a smaller benefit increase next year.
Citi is not buying the market breakout, says S&P 500 to retreat to 4,000
Citi’s Scott Chronert believes the broad market index is due for a pullback later this year.
Google challenges OpenAI’s calls for government A.I. czar
The two U.S. leaders in artificial intelligence have opposing ideas about how it should be regulated by the government, a new filing reveals.
Why the Federal Reserve’s dual mandate may seem impossible
The Fed has to strike a delicate balance to ensure low, steady prices while setting a course for an economy that encourages everyone to get a job who wants one.
Schumer to host first of three senator-only A.I. briefings as Congress considers how to regulate
Schumer had announced the series of talks in a Dear Colleague letter with Sens. Mike Rounds, R-S.D., Martin Heinrich, D-N.M., and Todd Young, R-Ind.
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The consumer price index was expected to rise 0.1% in May, according to the Dow Jones consensus estimate.
