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Morgan Stanley's U.S. economics team has trimmed its growth forecast for the year, and the reasoning is refreshingly specific: the pump is going to swallow the refund.
Federal Reserve Bank of Chicago President Austan Goolsbee warned against reflexively lowering interest rates in response to faster productivity growth, as the phenomenon can sometimes drive up inflation.
Although the dollar is back to where it was before the Iran war, a few things have changed under the surface.
The Investment Committee debate the surge in stocks as hopes for an Iran deal grows. They detail their next steps.
Crypto.com has launched an in-app booking service in partnership with travel infrastructure provider Bookit. Crypto.com Travel lets users book travel and entertainment directly through the company app, according to a Wednesday (May 6) news release.
Even if artificial intelligence is as transformative as advertised the U.S. Federal Reserve would still need to watch for rising inflation, Chicago Fed President Austan Goolsbee said on Wednesday.
US stock benchmarks are back on the bullish route as Axios reveals a US-Iran deal shaping up. Up 1% across the board, stock markets are back in ecstasy, and nothing seems to be stopping the rally.
Traders on prediction markets platform Kalshi give 73% odds that the Securities and Exchange Commission will end its requirement for quarterly financial reports by April 2027. They give lower odds that it will happen by January.
Portugal's largest listed lender Millennium bcp on Wednesday reported a larger-than-expected rise in first-quarter net consolidated profit of nearly 26%, driven by a stronger net interest margin and lower provisions at its Polish unit.
House Majority Whip Tom Emmer, R-Minn., discusses a Minnesota committee's failed subpoena vote for Democratic Rep.
The market has been on a tear recently. However, there are three big reasons why I think a correction (or worse) could be headed our way soon.
The White House predicts 4% economic growth as companies race to build factories fueled by AI investment and bonus depreciation tax policies.
In this week's edition of InnovationRx, we look at the first human Alzheimer's patients getting microrobotic surgery, Indian billionaire Dilip Shanghvi's plans to expand his healthcare empire in the U.S., the hantavirus outbreak on a cruise ship, and more. To get it in your inbox, subscribe here.
Lower-income consumers are compensating for higher gas prices by buying less while those in higher income brackets haven't changed their behavior much at all, New York Fed research shows. Households earning less than $40,000 a year during the March energy price spike increased gas spending by the least of all income groups.
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Tech's Double-Edged Sword: Massive Growth Meets Staggering AI Infrastructure Costs Last week, five of the Magnificent Seven, Amazon (AMZN), Meta Platforms (META), Alphabet (GOOGL), Microsoft (MSFT), and Apple (AAPL) reported Q1 2026 earnings, painting a complex picture of a sector where massive AI-driven revenue gains are increasingly tempered by the staggering costs required to build
Ahead of Paramount Skydance merger with Warner Bros Discovery, Amanpour talks ‘ideological realignment of CBS'
PJM Interconnection, the largest U.S. power grid operator, said on Wednesday it is considering market changes that could reshape how electricity is bought and sold across its system, which faces the risk of shortages from data centers outstripping energy supplies.
The AI-driven CapEx boom is powering broad market highs across S&P 500, Nasdaq, and small caps, with momentum showing no signs of peaking. AI infrastructure spending has surpassed $700B and is projected to reach $1.63T by 2031, with compute comprising 69% of that outlay.
Surging fuel costs tied to the Middle East war are putting mounting pressure on lower-income households while those better off financially have navigated the situation more easily, a report from the Federal Reserve Bank of New York said.