The American shopping spree is losing steam – CNN
It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost...
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The Dollar Is at Its Strongest Since the 1980s. Can It Last? – WSJ
For a decade now, currency markets have been ruled by the strengthening dollar. But no kingdom lasts forever.Contrary to what many on Wall Street expected,...
Economists Lean Toward Bank of Canada Interest Rate Cut on Wednesday – WSJ
Most economists expect the Bank of Canada on Wednesday to cut its main interest rate for the first time in four years, as data point...
AI is promoted from back-office duties to investment decisions – The Financial Times
Asset managers are increasingly using artificial intelligence to guide investment decisions, track the habits of portfolio managers and identify moneymaking opportunities. JPMorgan later this year...
ECB’s Inflation Challenge Looks More and More Like the Fed’s – Bloomberg
The uptick in euro-zone inflation is increasingly drawing comparisons to the US — fueling concern that the European Central Bank could face similar impediments to lowering interest...
ECB Rate-Cut Expectations Start to Unravel Before First Move – Bloomberg
Strong economic data and vocal European Central Bank hawks are pushing some analysts and investors to waver in their expectations for interest-rate cuts this year....
U.K. Retail Sales Rebound Weakly in May, Report Says – WSJ
Retail sales ticked higher in the U.K. last month, recovering some previous decline ahead of general elections slated for July, according to a report. Total...
Big Tech Companies Unplug Stock Market From Reality – WSJ
Big Tech stocks aren’t just dominating the market. They’re also hiding just how scared investors are that the Federal Reserve will keep rates higher for...
A shady financial tool from the housing-bubble era is making a comeback – CNN
America’s gummed-up housing market is a $45 trillion mess — a big old knot of economic forces smashing into a century’s worth of cultural conditioning...
Nvidia and AMD unveil next generation AI chips as competition heats up – CNN
Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up....