Fed Is Done Raising Rates and Will Cut Them in 2024, Economists Say – Bloomberg
The Federal Reserve is done raising interest rates and will likely cut them by roughly one percentage point next year, according to chief economists at some of...
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Americans have never been wealthier – CNN
Fueled by a resurgent stock market and rising home values, US household wealth hit a record $154.3 trillion during the second quarter of this year,...
How to avoid a green-metals crunch – The Economist
Everyone wants more metals. In recent months Britain has inked a deal with Zambia, Japan has sealed one with Namibia and the eu has shaken...
Artificial Intelligence Can Make Companies Greener, but It Also Guzzles Energy – WSJ
Artificial intelligence can help tackle climate change, but to fulfill that promise companies need to find a way to limit AI’s own climate impact. Information...
World Bank spent billions of dollars backing fossil fuels in 2022, study finds – The Guardian
The World Bank poured billions of dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon...
ECB Will Remove Leveraged Loan Capital Charge for Some Banks – Bloomberg
The European Central Bank will remove a capital surcharge on some lenders after they addressed shortcomings in their leveraged finance businesses....
UK firms ‘slow output and rein in hiring as borrowing costs rise’ – The Guardian
Businesses are pulling back on hiring and slowing their output under the strain of rising borrowing costs, according to a study that gives a further...
An Important Shift in Fed Officials’ Rate Stance Is Under Way – WSJ
For more than a year, Federal Reserve policy makers were unanimous that they would rather raise interest rates too much than too little—that is how...
Why do we work 9 to 5? The history of the eight-hour workday – CNN
US work culture revolves around employees putting in eight hours a day, five days a week — a schedule immortalized by Dolly Parton in her...
Germany’s Stop-Start Economic Motor Is Probably in Reverse Again – Bloomberg
Germany’s industrial malaise is probably acute enough to have dragged the economy back into a contraction during the current quarter, forecasters say....