Tag: Breaking News: Economy
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Meta’s Muse agent is attacking one of the economy’s most profitable weak spots
Meta’s Muse AI personal agent will work over your credit card spending if you don’t mind the invasion. How big a threat is it to the subscription economy?
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China, U.S. agree to $30 billion tariff cut, AI dialogue during Xi visit, Beijing says
The three-day summit between Xi and President Donald Trump, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs.
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China saw ‘surprise’ jump in U.S. orders ahead of Trump-Xi summit, private survey shows
A private survey shows a rebound in China’s exports to the U.S. as companies position for continued stability between the world’s two largest economies.
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Atlanta is getting pandas: China’s Xi revives a longtime diplomatic strategy at summit with U.S.
Chinese President Xi Jinping promised two giant pandas to Zoo Atlanta, reviving Beijing’s decades-old charm offensive.
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History shows financial calamities occur when rates rise rapidly like this: ‘Something always breaks’
The 10-year Treasury note yield is spiking to levels not seen in years, and that may be a bad omen for financial markets.
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Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed
Markets expect the central bank will take a firmer hand on inflation. It’s not that easy.
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Stocks making the biggest moves midday: Oracle, Everpure, Meta Platforms, Nebius, Bloom Energy, MGM & more
Here are some of the companies making headlines in midday trading.
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Philadelphia Fed’s Anna Paulson says ‘modest’ rate moves likely ahead to tame inflation
The policymaker said she and her colleagues may need to raise interest rates further to bring inflation back to target.
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Global debt tops $365 trillion as economists sound alarm over ‘vicious cycle’
More is being paid out by advanced economies in debt interest than the whole world spends on AI, defense or clean technology.
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Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
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