U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
GDP was expected to increase at a 4.7% annualized pace in the third quarter, according to a Dow Jones consensus estimate.
Humanity could ‘lose control’ of AI, UK PM warns, as Britain seeks leading role in the tech
Britain’s Prime Minister Rishi Sunak on Thursday warned of the risks of artificial intelligence ahead of a key summit next week on the technology.
PS5 is fully stocked for first time and on track for record sales this year, top Sony exec says
Sony’s PlayStation 5 is at full capacity around the world, according to Eric Lempel, the company’s head of business operations.
Watch live: ECB President Christine Lagarde speaks after opting to hold rates
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
European Central Bank holds interest rates steady after 10 consecutive hikes
The ECB ended its record run of rate hikes despite new upside risks to inflation.
Siemens Energy shares slide 35% after company seeks support from German government
Shares of Siemens Energy tumbled on Thursday after the company sought guarantees from the German government.
Turkey’s central bank hikes key interest rate to 35%
Economists polled by Reuters had forecast the 500 basis point hike.
TotalEnergies sticks to share buyback plans despite net income drop
TotalEnergies on Thursday posted a 35% fall in third quarter adjusted net income from last year’s record high, hurt by a drop in energy prices
The U.S. consumer is ‘walking towards a cliff,’ strategist warns
Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kick-start a recession.
Mercedes-Benz shares fall nearly 6% as profit falls; CFO bemoans ‘brutal’ EV pricing
The German carmaker said it had faced intense price competition, particularly in electric vehicles.
