Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey
The survey shows 84% of the 27 respondents, including economists, fund managers and strategists, see the Fed cutting by a quarter percentage point.
Judge orders Sean ‘Diddy’ Combs sent to jail while he awaits sex trafficking trial
Combs, who pleaded not guilty to charges of sex trafficking, racketeering and transportation to engage in prostitution, was denied bail.
European stocks higher with central bank decisions in focus; Commerzbank shares hit 12-year high
European stocks were higher Tuesday, as upcoming central bank meetings remain in focus.
British e-commerce firm THG plans to spin off technology services arm, shares tumble
THG said it is “actively undertaking detailed work to review potential structures to facilitate the demerger of THG Ingenuity.”
Big AI models will be commoditized — the value will come from the applications, Infosys chair says
Nandan Nilekani, co-founder of Infosys, said there are going to many different large language models around the world.
Von der Leyen names European Commission’s new top team
EU Commission President Ursula von der Leyen on Tuesday named Spain’s ecological transition minister Teresa Ribera as the bloc’s next antitrust commissioner.
China’s ultra-rich population sees ‘dramatic’ growth in last 10 years, outpacing the U.S., report shows
The world’s super rich club saw a significant expansion over the past 10 years, with China leading the charge, a report by Henley & Partners showed.
CNBC Daily Open: Rate cuts might not benefit tech the most
Technology stocks benefit the most from low interest rates, conventional market wisdom says. But that might not hold true this cycle.
This 38-year-old is financially independent with passive income. Here’s how he built a 7-figure real estate portfolio
Shu Matsuo Post, 38, has reached financial independence after building a seven-figure real estate portfolio. Today, he lives in Japan with his wife and kids.
Flutter bets on Italian gambling market with $2.6 bln Snaitech deal
Playtech has agreed to sell its Italian unit Snaitech for $2.56 billion, including debt, to Flutter Entertainment, the companies said on Tuesday.
