Australia Inflation Spike Boosts Case for Extended RBA Pause
Australia’s core inflation accelerated beyond expectations last quarter, complicating the Reserve Bank’s path to further policy easing and…
US Needs ‘Finesse’ to Stay Ahead of China in AI, Nvidia CEO Says
Nvidia Corp. Chief Executive Officer Jensen Huang said that maintaining the US edge in artificial intelligence will require…
The government shutdown is delaying new gadgets
Tech products that are packaged and ready for sale aren’t launching in the US as planned right now,…
Treasuries Are Falling on Progress in US-China Trade Talks
Optimism the US and China are nearing a trade deal is prompting investors to sell Treasuries as demand…
RBA Braces for Policy Test as Disinflation Fades, Jobs at Risk
Just as Australia’s central bank was on track to meet its inflation and employment mandate, fresh data may…
Trump Tariffs Deliver Shock ‘Wake-Up Call’ to a World Denim Hub
One of the world’s poorest countries is reeling from the impact of US President Donald Trump’s tariff regime,…
France Gets Fresh Warning on Finances as Moody’s Turns Negative
Moody’s Ratings cut France’s credit outlook to negative from stable, adding to warnings on the country’s bloated public…
Ex-UBS Chairman Weber Warns AI Ushering In New Era of Inequality
Former UBS Group AG Chairman Axel Weber has warned the coming disruption from artificial intelligence could usher in…
McKinsey Says Bank Profits Face Possible $170 Billion AI Hit
Banks face a hit to their bottom lines of as much as $170 billion if they don’t adapt…
What Is AGI? Why OpenAI, Anthropic Are Targeting Artificial General Intelligence
In the three years since ChatGPT’s release, tech companies in the US and China have invested hundreds of…
China Must Set ‘Aggressive’ Consumption Goal, Stephen Roach Says
Former Morgan Stanley Asia chairman Stephen Roach said China must target consumption accounting for half of economic output…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…