Tag: breaking news
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Fed’s Hammack says ‘now is the time to act’ on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
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Kansas City Fed’s Schmid says inflation ‘stubborn’ and ‘sticky,’ policy rate not restrictive
The policymaker stopped just short of calling for an interest rate hike.
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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Temasek-backed investor behind Unitree pitches Singapore as Chinese robots’ path to U.S.
As Washington shuts out Chinese robotics, a Temasek-backed VC bets that startups with genuine development in the city-state can still reach American buyers.
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Trump targets Iran’s trade lifelines — here are the countries most exposed
Washington’s threat of “economic D-Day” collides with a small group of governments that account for most of what remains of Iran’s foreign trade.
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Anthropic IPO filing will show AI backlash as a risk factor, sources say
Anthropic is poised to debut on the stock market at a time when the public is increasingly upset about data centers and is fearful about AI taking jobs.
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Bessent says Treasury buyback operation could be more than $4 billion
Bessent said his department is going “make a market” in the longer-dated securities where yields have been surging lately.
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Humanoid robots’ ‘ChatGPT moment’ could be 10 years away, Unitree founder says
Unitree founder Wang Xingxing says humanoid robots could take up to 10 years to reach a breakthrough comparable to ChatGPT.
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Trump says Iran’s economy is collapsing. A former central bank adviser in Tehran pushes back
Iran’s economy is deteriorating under the weight of mounting sanctions, but far from unraveling, a former adviser to Iran’s central bank told CNBC.
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U.S. government debt passes $40 trillion, more than doubling in a decade
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu The total U.S. government debt reached $40.05 trillion as of Tuesday, according to the Treasury Department. Treasury reported a $432.3
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