Fed’s Waller Says He’s Still Advocating a Rate Cut in December – Bloomberg
Federal Reserve Governor Christopher Waller said the US central bank should continue cutting interest rates at its next meeting in December, citing the risk of...
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Mortgage rates jump 20 basis points following Fed cut – CNBC
While the Federal Reserve cut its benchmark interest rate this week, mortgage rates responded by doing just the opposite.The average rate on the 30-year fixed...
Surging Power Costs Are Putting the Squeeze on Customers – WSJ
Gerry Clauss is a former electrician. But he had never worried so much about paying for electricity until the power bill on his single-family home...
The ECB and Fed Are Going in Different Directions. Can It Last? – WSJ
The European Central Bank held interest rates steady on Thursday, as investors question whether the institution’s most aggressive easing campaign since the financial crisis is...
Why Does Everyone Want to Be a Bank Now? – Bloomberg
A US bank charter has become one of the most sought-after assets among financial-technology companies around the world. Stablecoin issuers, payment processors and other fintech...
Personal finance and AI: Should you trust ChatGPT’s investment advice? – EuroNews
Retail investors keep flocking to publicly-available online AI tools such as ChatGPT to help with their financial decisions, despite clear warnings about risks. But how...
Microsoft’s massive AI spending draws investor concerns as cloud business booms
Microsoft’s spending on artificial intelligence infrastructure soared to a record of nearly $35 billion in the September quarter, deepening investor concerns about the mounting costs...
Stablecoins Versus CBDCs: The Showdown Over the Future of Money – Bloomberg
With more consumers abandoning physical cash and the US under President Donald Trump throwing its weight behind cryptocurrencies, monetary authorities are under pressure to evolve....
OpenAI restructuring pushes Microsoft’s valuation above $4tn – The Financial Times
OpenAI has completed a long-awaited restructuring, handing its largest shareholder Microsoft a $135bn stake and propelling the software giant to a $4tn market capitalisation. Microsoft...
The Fed’s $6.6 Trillion Test: When to End Its Portfolio Runoff – WSJ
Federal Reserve officials have a suddenly pressing decision when they meet this week that has nothing to do with an interest-rate cut. It is whether...