Traders bet slowing inflation will let Fed pause after July hike
Inflation is slowing fast enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what
2023-07-12 20:58
Brent Crude Rises Above $80 a Barrel for First Time Since May
Brent crude futures rose above $80 a barrel for the first time since early May amid signs of
2023-07-12 20:56
Nvidia invests $50 million in Recursion to train AI models for drug discovery
(Reuters) -Nvidia invested $50 million to speed up training of biotech firm Recursion's artificial intelligence models for drug discovery, which
2023-07-12 20:50
US inflation falls to 3%, lowest level in more than 2 years, as price pressures ease
After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate hikes have steadily slowed price increases across the economy
2023-07-12 20:50
Domino's Pizza inks a delivery deal with Uber Eats
Domino's Pizza has long been a holdout of using third-party delivery apps in the United States. But now, the pizza chain has struck a deal with one of the world's largest food delivery services.
2023-07-12 20:47
This CEO replaced 90% of support staff with an AI chatbot
The chief executive of an Indian startup laid off 90% of his support staff after the firm built a chatbot powered by artificial intelligence that he says can handle customer queries much faster than his employees.
2023-07-12 20:47
European Shares Jump as US Inflation Cools; Chip Stocks Rally
European stocks advanced as US inflation cooled more than expected, reducing the possibility of further rate hikes by
2023-07-12 20:46
Italian Football Club Wins Long Delay on State-Backed Loans
A struggling Italian football club has won a reprieve on its state-backed loans in an unusual deal that’s
2023-07-12 20:25
Surging Food Prices Pushes Up India’s Inflation in June
Spiraling prices of tomato, onion and pulses pushed up India’s retail inflation in June, reaffirming expectations of a
2023-07-12 20:21
Fine wine is souring as investment prices sink
Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. Recently, the barrier to entry in the wine-as-an-investment market has fallen drastically, with a number of easy-access online brokerages and advisories popping up.
2023-07-12 20:19
Indonesia seizes Iranian tanker for suspected illegal oil transfer in its territorial waters
Indonesian authorities say they have seized an Iranian tanker and arrested its crew members for illegally transferring oil to another vessel in the country’s exclusive economic zone
2023-07-12 20:19
McCarthy raises $62.5 million for House GOP
House Speaker Kevin McCarthy raised $21.7 million in the second quarter in 2023 through his joint fundraising committee, the McCarthy Victory Fund, bringing the total amount he raised this cycle to $62.5 million.
2023-07-12 20:19