New York City brokers said they’ve seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.
India’s economy expands 7.8% in fiscal first quarter, beating estimates
The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.
Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says
An arbitrator earlier this month said Gemini Space Station did not mislead users of its Earn program.
Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
China’s Xi builds diplomatic clout with multiple state visits ahead of Trump summit
Chinese President Xi Jinping is expected to make his first visit to India before traveling to the U.S. for a meeting with U.S. President Donald Trump.
Jackson Hole analyst roundup: Warsh’s speech sends hike chances higher, may put Fed `at odds’ with Treasury
Fed Chair Kevin Warsh’s hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
China’s factory activity shrinks for second straight month, contracting less than expected
China’s manufacturing activity shrank for a second straight month, keeping pressure on Beijing to support the economy as growth loses momentum.
Singapore tackles finances and culture to avert a demographic crisis
One challenge for policy makers is that success on many measures won’t show up immediately.
Analysts like this humanoid supplier, even if the robots remain concepts — for now
As the novelty of humanoid robots gives way to questions about their commercialization, stock analysts see potential for one gear box supplier.
K, C or E? Why economists can’t agree on the shape of today’s economy
Economists have long viewed the post-pandemic economy as “K”-shaped. That consensus has now evaporated.