Fed raises US interest rates to highest in 16 years – BBC News
The US central bank has raised interest rates to the highest level in 16 years as it battles to stabilise prices. The Federal Reserve increased...
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Job Openings Near Two-Year Low as Layoffs Jump – WSJ
U.S. job openings dropped to their lowest level in nearly two years in March and layoffs rose sharply, in signs that demand for workers is...
The market is looking for the next ‘domino’ to fall, keeping banks under pressure – CNBC
After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst Christopher McGratty was looking forward...
AI race is disrupting education firms – and that is just the start – The Guardian
The artificial intelligence race is already producing losers. On Tuesday, education companies trading on the London and New York stock exchanges saw hundreds of millions...
Inflation in countries using euro currency inches higher to seven per cent – Euronews
Inflation in European countries using the euro currency inches higher to 7% in April as the squeeze on households extends. Europe’s painful inflation inched higher...
Slowing demand for fuel adds to fears of looming US recession – The Financial Times
As growth slows in the US economy, warning signs in the energy markets are adding to investor fears that a recession is looming over the...
Why Is Inflation So Sticky? It Could Be Corporate Profits – WSJ
Inflation has proved more stubborn than central banks bargained for when prices started surging two years ago. Now some economists think they know why: businesses...
Green investment funds pushing money into fossil fuel firms, research finds – The Guardian
Investment funds branded as green or socially responsible are being used by some of the world’s largest asset managers to invest hundreds of millions of...
Are greedy corporations causing inflation? – The Economist
In the three years before covid-19 rich-world consumer prices rose by a total of 6%. In the three years since then they have risen by...
We’re in the AOL phase of artificial intelligence, tech CEO says, as industry raves about A.I. – CNBC
Today’s artificial intelligence systems are akin to the dial-up internet of yesteryear, according to the CEO of one AI startup, who said the space is...