Powell Defends Fed’s Interest Payments on Bank Reserves
Federal Reserve Chair Jerome Powell defended the central bank's ability to pay interest on commercial bank reserves during his Wednesday...
General Mills Cuts Outlook Amid Weak U.S. Consumer Demand
General Mills reduced its projected annual profit because snack and refrigerated baked goods sales remained weak in an economy affected...
U.S. Consumer Confidence Falls on Weaker Outlook for Jobs, Economy
The U.S. consumer confidence decreased in June because Americans became more doubtful about business conditions and job market prospects for...
Powell’s Fed Job Secure Despite Trump Pressure to Cut Rates
Federal Reserve Chair Jerome Powell will complete his term until May 2026 according to current indications despite President Trump's increasing...
Warburg Pincus in Talks to Exit SBI General Stake
Bloomberg News reports that Warburg Pincus engages in advanced talks to sell its 10% stake in SBI General Insurance which...
Alibaba Folds Travel, Food Units Into Core E-Commerce
Alibaba Group will merge its food delivery service Ele.me with its online travel platform Fliggy into its main e-commerce operations...
Oil Drops as U.S. Sanctions Signal Diplomatic Path on Iran
The U.S. sanctions on Iran triggered oil price declines during Friday's market session because the country chose diplomatic solutions over...
U.S. Aims to Revoke Chip Waivers for Firms in China
Major chipmakers face disruption to global semiconductor production because the U.S. government plans to end waivers that let them use...
Microsoft Weighs Exit from OpenAI Talks Amid Disputes
The Financial Times reports that Microsoft is evaluating an exit from their current partnership negotiations with OpenAI because both parties...
Texas Democrats Urge Tesla to Delay Robotaxi Rollout
Texas Democratic lawmakers urge Tesla to delay its robotaxi service launch in Austin until September when new autonomous-driving regulations become...
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