Tag: gains
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Houthi gains in Yemen threaten key Red Sea shipping route
Houthi rebels have seized strategic territory on Yemen’s coast after Trump reportedly denied Saudi requests for US airstrikes. What might those gains mean?
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AI productivity gains may not curb inflation, IMF’s Tenreyro warns
LONDON, Aug 20 : Even if artificial intelligence boosts productivity, it may not lower inflation, the International Monetary Fund’s new chief economist Silvana Tenreyro warned in research published by Bank of England staff on Thursday.At first glance, higher economic productivity — producing more output for
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Gains in AI company stakes juice second-quarter earnings for S&P 500
NEW YORK, Aug 20 : S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies.The S&P 500 is on track for a 52 per cent surge in aggregate second-quarter earnings from the year before, helped by a 74 per cent profit jump in the…
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Global stocks hold gains after in-line US CPI
LONDON, Aug 12 : Global stocks held on to gains on Wednesday after U.S. inflation data came in as expected, while oil prices edged higher after a senior Iranian official told Reuters there were no discussions with Washington on extending a ceasefire.The Consumer Price Index edged up 0.1 per cent last month af
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Fed hawks push yields higher, stocks give back gains
July 31 : Stocks were mixed on Friday, giving back much of their earlier gains, while longer-dated Treasury yields pushed to new multi-year highs, after several Federal Reserve officials argued that further interest rate hikes are needed to combat inflation.Currency markets also stayed on alert for further in
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AI in Hungary could unlock productivity gains of €15 billion, McKinsey says
BUDAPEST, June 16 : Increased deployment of AI could unlock €15 billion ($17.42 billion) in productivity gains in Hungary by 2030, McKinsey said on Tuesday.AI could help Hungary close some of its productivity gap with European neighbours, the consultancy said, while warning that Hungary could fall further
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Greece to tax gains from crypto, sources say
ATHENS, June 5 – Greece is preparing legislation to impose a 15 per cent capital gains tax on cryptocurrencies, two government officials with knowledge of the issue told Reuters on Friday.Greece doesn’t have a comprehensive legal framework for taxing cryptocurrencies, and European Union countries don’t have a
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