The debt ceiling drama may feel like it's over, but it may have only just begun
President Joe Biden and House Speaker Kevin McCarthy finally reached an agreement to avert the United States' first default on its debt — but you may want to hold your applause. There could be an even more dramatic second act to the debt ceiling drama.
2023-05-31 22:57
AI boom triples valuation of Lightmatter, US startup using light for computing
By Jane Lanhee Lee OAKLAND, California Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday
2023-05-31 22:20
Apple Headset Enthusiasm Is Absent on Wall Street
The prospect of Apple Inc.’s first new product category in nearly a decade could hardly be attracting less
2023-05-31 21:59
ChatGPT Risks Divide Biden’s Team Over AI Rules in EU
Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated — and their
2023-05-31 21:51
German Inflation Slows Significantly as ECB Hikes Near End
Germany joined its major euro-zone peers in reporting a steep slowdown in inflation — underscoring arguments by some
2023-05-31 21:23
US Mortgage Rates Rise to Near Seven-Month High of 6.91%
US mortgage rates surged to the highest level since early November last week, stifling demand for home purchases
2023-05-31 21:22
Germany home prices to fall modestly this year and next: Reuters poll
By Indradip Ghosh BENGALURU Home prices in Germany are forecast to correct modestly this year and decline a
2023-05-31 20:48
No quick recovery for German economy after winter slump - DIW
BERLIN There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the
2023-05-31 20:19
Europe’s Bond Rally Shows How Economic Cracks Are Spreading
European government bonds rallied while the euro and risk-sensitive Nordic currencies sank as cooling inflation prints and weak
2023-05-31 20:18
Demographics are a headwind for emerging markets - BlackRock
By Jorgelina do Rosario and Karin Strohecker LONDON A decline in labour growth and expected fall in the
2023-05-31 20:16
Services Sector Shields Indian Economy From Still-High Rates
India’s economy grew faster than the government’s expectations last year, as demand spurred an expansion in the services
2023-05-31 20:15
The banking crisis has gone quiet but it isn't over
Amid the US debt ceiling turmoil, a potential recession and the upcoming Fed meeting, Wall Street has a lot on its plate. Given the circumstances, it is understandable that investors may need to prioritize which emergency to address at each moment.
2023-05-31 19:53