Inflation surged to its highest level since 1981 during the pandemic era. That was primarily driven by dynamics outside White House control, economists said.
Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
More than 100,000 customers of fintech apps like Yotta, Juno and Copper have been locked out of their accounts since May.
Investors grow concerned AI isn’t being adopted fast enough to justify the hype, says Goldman Sachs
“Our conversations with investors have been defined by skepticism about latter stages of AI adoption,” Goldman analysts said.
Inflation falls 0.1% in June from prior month, helping case for lower rates
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Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more
These are the stocks posting the largest moves in premarket trading.
UK economy returns to growth in May, beating expectations as British pound hits four-month high
UK gross domestic product figures for May were published Thursday.
China’s robotaxi push sparks concerns about job security for drivers
China’s yearslong effort to develop robotaxis is starting to gain traction with consumers — and rattling taxi drivers who are worried about losing their jobs
Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’
Spot ether ETFs could hit the market as soon as this week, pending SEC approval, and Bitwise’s chief investment officer plans to get in on the action.
Stocks making the biggest moves after hours: WD-40 Company, Costco and more
See which stocks are posting big moves after the bell.
Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
The June consumer price index will be released on Thursday, with traders eyeing September for the Federal Reserve’s first rate cut.