Category: Business

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Federal Reserve Chair Jerome Powell surprised markets on Wednesday evening.Jacquelyn Martin/AP The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Many analysts see the reaction as overdone. The Federal Reserve cut its benchmark interest rate

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks slipped and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts in the coming year, while the Bank of Japan kept rates steady, as expected. The yen weakened to touch a one-month low

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For much of the last two years, big tech has dominated the storyline revolving around artificial intelligence (AI). “Magnificent Seven” members Microsoft, Amazon, and Alphabet have invested billions into the likes of ChatGPT creator OpenAI and perhaps its biggest rival, Anthropic. Meanwhile there is Tesla, Elon Musk’s brainchild that’s looking to bring self-driving cars and

By Yuka Obayashi TOKYO (Reuters) -Some Japanese aluminium buyers have agreed to pay a global producer a premium of $228 per metric ton over the benchmark price for shipments from January to March, up 30% from this quarter, two sources directly involved in the talks said. The fourth consecutive quarterly increase, the figure exceeds the

If there is one thing that investors can expect when putting money to work in the energy sector, it is volatility. Oil and natural gas, as commodities, have a long history of swift, often dramatic price moves. This is why investors looking at the sector should probably consider sticking to the biggest and best companies

(Bloomberg) — MicroStrategy Inc., the dot-com-era software maker whose metamorphosis into a leveraged bet on Bitcoin has transfixed Wall Street, is joining the Nasdaq 100 Index, the benchmark’s overseer said Friday. Software company Palantir Technologies Inc. and Axon Enterprise Inc., a maker of Tasers and police body cameras, will also be added. Most Read from

(Bloomberg) — Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, rallied in late trading after predicting a boom in demand for its artificial intelligence chips. Most Read from Bloomberg Hong Kong’s Expat Party Hub Reshaped by Chinese Influx Brace for a Nationwide Shuffle of Corporate Headquarters City Hall Is Hiring