Bank of England may have to raise rates to 5% this summer, says Goldman Sachs – The Guardian
The Bank of England could be forced to raise interest rates to 5% this summer, Goldman Sachs has warned, as Britain struggles to bring down
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Thousands of Jobs Were Added in April—Even in Industries With Layoffs – WSJ
Employers across the economy cranked out jobs last month, despite Amazon, Disney, General Motors and other high-profile companies recently cutting staff. Overall, April employment held
ChatGPT can pick stocks better than your fund manager – CNN
A basket of stocks selected by ChatGPT, a chatbot powered by artificial intelligence (AI), has far outperformed some of the most popular investment funds in
Are you there, God? It’s us… fintech
At the end of this weekend, most of the world woke up to CEO Jamie Dimon and JPMorgan snapping up a mid-sized bank with a
PODCAST: Expecting a Big Raise in 2023? Don’t Bet On It.
The red-hot labor market created opportunities over the past several years for workers to ask for and receive sizable raises. Wall Street Journal reporter Ray
A Debt Deal Could Help Solve the Country’s Inflation Problem – WSJ
The Federal Reserve has a problem with stubborn inflation and fragile banks. Congress and President Biden have a problem with a looming deadline to raise
ECB raises rates as Christine Lagarde warns of ‘more ground to cover’ – The Financial Times
The European Central Bank raised interest rates by a quarter of a percentage point on Thursday, as its leader warned the fight against inflation was
BOE Digs In as Relief Emerges for Fed, ECB – Bloomberg
Britain will be the last advanced economy locked in a pitched battle against inflation, if market bets are any guide. Money markets suggest the US
Apple posts second consecutive quarterly revenue decline – CNN
Apple on Thursday reported that its revenue fell 3% to $94.8 billion for the first three months of the year, as consumers scale back spending
U.S. Trade With World Rose in March on Energy, Auto Shipments – WSJ
U.S. trade with the rest of the world increased in March as companies shipped more oil, natural gas and vehicles overseas and exported more products