News Archives - Page 332 of 342

Fed’s Powell says strong labor market depends on price stability

U.S. Federal Reserve Chair Jerome Powell again stressed the central bank must ensure tariffs don’t trigger a more persistent rise in inflation.

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DeepSeek Poses ‘Profound’ Security Threat, US House Panel Claims

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A bipartisan House committee accused DeepSeek of posing a “profound threat” to US national security by harvesting American users’ data and sending it back to China, according to a report published on Wednesday.

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S&P Downgrades Quebec for First Time Since 1990s on Budget, Trade War

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S&P Global Ratings downgraded Canada’s second-largest province as the trade war with the US begins to hurt economic growth and government finances.

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Siemens Energy Lifts Revenue Guidance on Gas, Electricity Growth

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Siemens Energy AG substantially raised its revenue and net income outlook for the fiscal year, citing demand for gas turbines, gas services and electricity products.

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Pound Sterling Price News and Forecast: GBP/USD rises as UK inflation cools, BoE rate cut bets increase

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The British Pound advanced during the North American session, posting soft gains of 0.14% against the Greenback as inflation slowed to its weakest level in three months.

Pound Sterling Price News and Forecast: GBP/USD rises as UK inflation cools, BoE rate cut bets increase Read More »

United States 20-Year Bond Auction climbed from previous 4.632% to 4.81%

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United States 20-Year Bond Auction climbed from previous 4.632% to 4.81%

United States 20-Year Bond Auction climbed from previous 4.632% to 4.81% Read More »

Dow Jones slides as Nvidia, AMD tumble on chip tariffs; Powell speech eyed

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The Dow Jones Industrial Average (DJIA) registers minuscule losses in the mid-North American session as semiconductor-linked companies like Nvidia and AMD got hit by tariffs imposed by United States (US) President Donald Trump. The DJIA is down 0.46% above 40,100 for the second consecutive day.

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Tariff Panic Spurs Shopping, Fastest Sales Growth in Two Years

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Economic data just confirmed what anecdotal evidence had suggested: Consumers are rushing to make major purchases of cars, electronics and appliances in an attempt to get ahead of tariffs that could raise prices.

Tariff Panic Spurs Shopping, Fastest Sales Growth in Two Years Read More »

TikTok Adds Community Notes Feature to Combat Misinformation

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TikTok is testing a new “community notes”-style feature, called Footnotes, to add more context to posts that may be misleading or inaccurate.

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GOP Senator McCormick Says Tax Hike on Millionaires Won’t Fly

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Republican Senator Dave McCormick predicted a higher tax rate on millionaires won’t fly with the GOP-controlled Congress, throwing cold water on a proposal gaining support in the White House and among some of his fellow lawmakers.

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