Tag: data
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Fed’s Warsh plans to harness better economic data within a year
SINTRA, Portugal, July 1 : Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the U.S. central bank to “discover” and start relying on real-time economic data that’s superior to what he described as problematic government reports.”My aspiration is that nine to 12 months from now w
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FactSet tops quarterly profit estimates on steady demand for data, analytics services
July 1 : Financial data firm FactSet reported third-quarter profit above Wall Street estimates on Wednesday, buoyed by growth in subscriptions.Geopolitical uncertainty owing to the U.S.-Israeli war with Iran has rattled global markets, boosting demand for FactSet’s data and analytics services as investors man
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What NSE and Jio Platforms IPOs reveal about India’s changing economy
NSE and Jio Platforms embody the sweeping changes in how India has consumed, invested and transacted over the past decade.
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Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers
June 29 : Digital Realty will acquire a larger stake in three data centers in Northern Virginia from asset manager Blackstone in a $3.5 billion cash-and-stock deal, the companies said on Monday.Under the deal, which is expected to close on Tuesday, the data center company will pay $1.2 billion of cash and $2.
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Banks get creative and look further afield as AI-fueled debt soars
NEW YORK, June 29 : As corporate borrowing tied to artificial intelligence shows no sign of slowing, bankers are coming up with new ways to sell ever larger volumes of debt.The surge in spending on chips, cloud infrastructure and data centers has led large technology companies, known as hyperscalers, to incre
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How the Iran war has disrupted Abu Dhabi’s AI strategy
Abu Dhabi’s ambitions to turn the United Arab Emirates into a global hub for digital infrastructure and artificial Intelligence face pressure after the Iran war. But the country is also known for its business resilience.
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Dollar declines for second straight day but set for weekly gain
NEW YORK, June 26 : The dollar fell for a second straight session on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes, although the yen remained in territory that left it primed for an intervention.Despite the recent declines, the greenback wa
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How the Iran war impacts Abu Dhabi’s AI plans
Abu Dhabi’s ambitions to turn the UAE into a global hub for digital infrastructure and AI, dubbed “UAE AI Strategy 2031,” face pressure after the war with Iran. But the UAE is also known for its business resilience.
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Dollar eases from 13-month high after data burst
NEW YORK, June 25 : The dollar was on track to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation slightly dented expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expen
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Find out which university degrees could earn you most across your lifetime
New data suggests which university degrees have the highest and lowest financial returns over a lifetime.
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