The Federal Reserve’s preferred inflation measure cooled in May, mildly encouraging news that could give policymakers confidence that price increases are still moderating — though progress remains slow.Although inflation has […]
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Back to news homeStock Markets Close Upbeat First Half, but Worries Linger
Stubbornly high inflation, a debt ceiling brawl, a brief banking crisis and the prospect of even higher interest rates: The past six months brought much to unsettle even the most […]
Libor Is Coming to an End
The arduous, decade-long process to end the financial system’s reliance on a tarnished interest-rate benchmark, which once underpinned trillions of dollars in contracts across the globe, is almost over. From […]
A French Newsroom on Strike After Appointment of ‘Far-Right’ Editor
In its 75-year history, Le Journal du Dimanche, France’s leading Sunday newspaper, has almost never missed publication. But its operations ground to a halt this week after an editor with […]
Eurozone Inflation Slows, but Underlying Price Pressures Persist
Why It MattersEurope’s economy, though more resilient than many forecasters had predicted, has still significantly weakened over the past 12 months, with a drop in inflation-adjusted wages and consumer confidence. […]
As Apple reaches $3T, it’s time to shake up the Big Tech club
Today, Apple saw its market cap pass the $3 trillion threshold. The iPhone maker has reached that landmark before but has never managed to hang on to it through the […]
GM buys software startup that predicts EV battery fires
General Motors said Friday it has acquired Algolion, an Israel-based software startup that can detect potential hazards in battery cells. Financial terms were not disclosed. The automaker did say that […]
Schools say US teachers’ retirement fund was breached by MOVEit hackers
Two U.S. schools have confirmed that TIAA, a non-profit organization that provides financial services for individuals in academic fields, has been caught up in the mass-hacks targeting MOVEit file transfer […]
Why automakers are rushing to adopt Tesla’s NACS plug and what it means to drivers
How did the North American electric vehicle market finally decide on a charging port? Gradually, then suddenly, to paraphrase Ernest Hemingway. The war isn’t over yet, but with Electrify America […]
Voice.ai raises $6M as its real-time voice changer approaches 500k users
Services like Midjourney and ChatGPT have pushed the boundaries of how AI can create images and text out of basic text prompts. Now, audio appears to be the inevitable next […]
