OECD Urges Action to Tame Lobbying as Industrial Policy Takes Hold – WSJ
Overhauls that make markets more competitive and open have largely stalled over the last half-decade, while a new focus on industrial policy makes it more...
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Walmart is opening five automated distribution centers as it tries to keep its grocery dominance – CNBC
Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online...
Hopes of interest rate cut dashed by Bank of England economist – The Guardian
Households’ hopes of a cut in interest rates have received a setback after the chief economist of the Bank of England warned that key measures...
Powell Says Regulators Are Near a Revamped Bank-Capital Plan – Bloomberg
Federal Reserve Chair Jerome Powell said US regulators are close to agreeing to change their plan to force big banks to hold significantly more capital...
World’s largest oil company bets on the enduring power of petrol – The Financial Times
Saudi Aramco is betting the internal combustion engine will be around for a “very, very long time” as the world’s largest oil company spots a...
For AI Giants, Smaller Is Sometimes Better – WSJ
The start of the artificial-intelligence arms race was all about going big: Giant models trained on mountains of data, attempting to mimic human-level intelligence. Now,...
Fed still not ready to roll out a rate cut, Powell tells lawmakers – CNN
Inflation has come a long way since reaching a four-decade peak two years ago, Federal Reserve Chair Jerome Powell said Tuesday. However, central bank officials...
Hollywood enters a frugal new era – The Economist
With sound-stage doors made big enough for performing elephants, the century-old Paramount Pictures lot on Melrose Avenue is a living museum of the film business....
More than 3 million pass through US airport security in a day for the first time – ABC News
More than 3 million people passed through U.S. airport security on Sunday, the first time that number of passengers have been screened in a single...
Case for September Rate Cut Builds After Slower Jobs Data – WSJ
The Labor Department reported on Friday that the U.S. added a solid 206,000 jobs last month, slightly beating expectations and continuing a remarkably strong run....