Tag: business news
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Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.
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Private sector jobs rose by 90,000 in September, better than expected, ADP reports
Private job creation picked up in September after a brief slowdown.
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More Americans are tapping investments to pay for spending, analysis finds
Across all age and income groups examined in new research, the share of individuals transferring money from investment accounts to checking accounts has risen.
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Man City guilty of ‘sham’ sponsorship deals after decade of English soccer dominance
English soccer club Manchester City has been found guilty of breaking Premier League financial rules over nine seasons.
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Holiday retail sales are expected to top $1 trillion as inflation boosts growth
Holiday retail sales are expected to grow this holiday season and top $1 trillion for the first time, though that growth is boosted by inflation.
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Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard
Mortgage demand dropped for the 7th straight week, as rates surged well over 7% on the 30-year fixed.
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Moderna has been on a tear since mid-August. Citi now sees it plunging 60%
Analyst Geoff Meacham downgraded the biotech name to sell.
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Dan Ives prepares to debut fund offering access to private companies fueling AI boom
Yorkville Ives priced a fund aiming to give investors access to the private companies helping develop artificial intelligence.
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OpenAI is sued over rogue AI Hugging Face cyberattack
The lawsuit appears to be the first publicly reported case seeking to hold an AI developer liable for an incident caused by rogue systems.
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Ken Griffin pledges $3 billion to Carnegie Mellon University in ‘historic’ gift
Citadel CEO Ken Griffin is committing $3 billion to Carnegie Mellon University, a “historic” gift that includes $2 billion to establish a new Miami campus.
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