AMD Has Worst Rout in Two Years After AI Growth Disappoints

Company has been chasing Nvidia in the lucrative market AMD’s gaming revenue also comes in below analysts’ estimates Advanced Micro Devices Inc. slid 11% Wednesday after the chipmaker’s revenue outlook fell short of Wall Street’s expectations, signaling that its...

Hungary’s Economy Plunges Into Recession on Industry Slump

GDP declines 0.7% vs previous quarter; analysts’ est. +0.1% Hungary enters recession for second time in two years Hungary’s economy unexpectedly entered a recession in the third quarter as domestic consumption failed to make up for a deep downturn in industrial...

Selloff Puts Treasuries on Path for Worst Month in Two Years

Mixed US economic data on Tuesday keeps pressure on bonds Traders prepare for US debt announcement, jobs data, election Treasuries are on track for their worst month in more than two years amid signs of economic strength, posturing for next week’s US presidential...

Yellen Says Fraud is Huge, Growing Problem in Banking System

US Treasury Secretary Janet Yellen said that fraud in the banking system is becoming a huge problem and that her department is now using artificial intellignece to detect and deal with the issue. “I absolutely agree with the premise — which is that fraud is becoming a...