‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year
The Fed is more likely to err on the side of caution given its past mistakes, says one chief economist.
Gold looks ‘very vulnerable’ to a setback, veteran advisor says, after prices hit record high
The yellow metal has repeteadly climbed to all-time highs in recent weeks.
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
In his letter to shareholders released Monday, JPMorgan Chase CEO Jamie Dimon chose AI as the first topic among issues facing the biggest U.S. bank by assets.
European markets close higher on busy week for central bank action
European stocks closed higher Monday at the start of a busy a week of key data releases and central bank decisions.
U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip security
TSMC is set to receive up to $6.6 billion in CHIPS Act funding to support its investment into three manufacturing sites in Arizona.
Yellen says U.S. plans to ‘underscore’ need for China to shift policy
U.S. Treasury Secretary Janet Yellen wrapped up the fourth and final full day of her trip to China on Monday.
Russia-Ukraine war updates: Zaporizhzhia nuclear plant struck by drones; Zelenskyy calls for more support amid Kharkiv bombardment
The UN’s atomic energy watchdog sounded the alarm Sunday after drones struck a nuclear reactor at the Russian-held Zaporizhzhia nuclear plant in Ukraine.
Japan’s real wages fall for 23rd straight month, dampening Bank of Japan’s hopes for ‘virtuous cycle’
The data comes after Japan’s unions secured the highest wage increases in 33 years. But those pay hikes benefit only a fraction of Japan’s workers.
China says innovations, not subsidies, are powering EV edge as Yellen raises ‘overcapacity’ concerns
China’s Minister of Commerce Wang Wentao on Sunday said the allegations about “overcapacity” by the U.S. and Europe were without merit.
How this UK-based firm is growing a more sustainable cannabis
Growing cannabis indoors uses a lot of energy, resulting in higher emissions, but a U.K. cultivator claims to be the first to do so in a carbon-negative way.
