Federal Reserve says first cut to US interest rates could come in September – The Financial Times
The Federal Reserve has said it could start lowering interest rates as soon as September, after US policymakers voted to hold borrowing costs at a...
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BOE Tilted Toward First Rate Cut Since Pandemic – Bloomberg
It’s a close call, but Bank of England policymakers are likely to vote for the first interest rate cut since the start of the pandemic...
Meta’s AI Costs Surge as Digital Advertising Revenue Grows – WSJ
Meta Platforms on Wednesday said quarterly digital advertising grew rapidly while the company’s investments in artificial intelligence and the so-called metaverse weighed on profits. The...
Why Microsoft’s Earnings Miss Won’t Stall the A.I. Boom – The New York Times
The technology sector is facing another rough patch, after Microsoft reported mixed quarterly earnings and its shares tumbled. The company’s results are fueling more concern...
Mixed signals on tech stocks amid debate over viability of AI boom – The Guardian
Investors are sending mixed signals regarding their appetite for tech stocks, as the growing debate over the artificial intelligence boom, and a US clampdown on...
Fed Expected to Hold Rates and Signal September Cut – Bloomberg
Federal Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signaling a potential rate cut in...
Eurozone Inflation Picks Up Pace in Blow to Rate-Cut Hopes – WSJ
Inflation unexpectedly heated up in the eurozone this month, presenting a fresh challenge to policymakers looking for signs that eurozone price rises are easing sustainably....
London loses its historic grip on global mining sector listings – The Financial Times
London has fallen behind New York, Toronto and Sydney as a global venue for mining company listings, and investors warn it is in danger of...
Microsoft’s AI Dreams Make for an Expensive Reality – WSJ
Microsoft’s MSFT -0.89%decrease; red down pointing triangle artificial-intelligence ambitions are putting up some big numbers. Just not in the right column. The $3 trillion software...
ChatGPT is getting chattier with ‘advanced voice mode’ – CNN
OpenAI stunned users when it demonstrated an updated voice mode for the most advanced version of ChatGPT earlier this year. Far from the kind of...