Euro-Zone Inflation Seen Slowing More Quickly in Latest Survey – Bloomberg
Euro-area inflation will sink below the 2% target in early 2025 — sooner than the European Central Bank predicts, according to economists. Price gains will...
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The Low-Wage Pay Surge Is Over, Threatening the Consumer Boom – WSJ
Low-wage workers were the labor market’s surprise winners of the past few years. As employers clamored to hire from a limited pool of workers, Americans...
Investors shake up VC market by raising money to buy out start-ups – The Financial Times
Investors are shaking up the venture capital market by raising money to buy out start-ups that have been shunned by venture capitalists, taking advantage of...
The Fed is terrified Americans could get used to high inflation. It may already be happening – CNN
A worrisome sign for the Federal Reserve is starting to emerge. The Fed keeps a close eye on several risks that could make its job...
Why American manufacturing is becoming less efficient – The Economist
Advocates of industrial policy have long argued that manufacturing possesses special powers. Industry’s demands lead to technological progress; the goods it produces must pass the...
Fed Chair Powell: The US economy may be more resistant to interest rates – CNN
Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday. “We know that ongoing...
RBA Revises Up Near-Term Inflation Forecasts, Warns Inflation More Persistent – WSJ
The Reserve Bank of Australia sharply revised up its forecasts for core inflation in the near term and warned that inflation pressures are cooling at...
ECB makes case for keeping balance sheet big – The Financial Times
The European Central Bank must avoid shrinking its balance sheet too much, its chief economist has said, warning this could impair lending and threaten financial...
JPMorgan Switches On Programmable Payments Using Blockchain Tech – Bloomberg
One of the most high-profile blockchain systems in traditional banking has added a new feature that lets companies shift cash automatically. JPMorgan Chase & Co’s...
OpenAI says ChatGPT outages may be caused by targeted attack – CNN
OpenAI said recent outages of its viral ChatGPT chatbot could be caused by targeted attacks on its servers. The company wrote on its website Wednesday...