Browsing: Economy

With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will be 3.2% (see Figure 1). The…

NEW YORK (Reuters) – Hedge funds bought U.S. stocks in all sectors last week, but mainly in financials, Bank of America said in a report on…

With the advent of generative artificial intelligence, AI-industry leaders have been candidly expressing their concerns about the power of the machine learning systems they are unleashing.…

By Luc Cohen NEW YORK (Reuters) -FTX founder Sam Bankman-Fried’s lawyer on Tuesday said the now-bankrupt cryptocurrency exchange’s investments were not “reckless and frivolous,” pushing back…

The numbers: Construction of new U.S. homes rebounded 7% in September to an annual pace of 1.36 million units after a sharp 1.5% drop in the…

TORONTO (Reuters) -Canada’s annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada…

The U.S. government unveiled fresh sanctions on 10 Hamas members and associates in the wake of the group’s attack on Israel, including asset managers for the…

By Alexandra Alper WASHINGTON (Reuters) – The Biden administration’s latest round of export curbs on China is part of a two-pronged strategy aiming to halt Beijing’s…

MOSCOW (Reuters) – Inflation in Russia continues to accelerate and a return to the central bank’s 4% target may require additional monetary policy tightening, according to…

It wasn’t clear Tuesday if Rep. Jim Jordan would be successful in his push to become the next speaker of the U.S. House of Representatives, with…