May 22, 2024 | Markets
Goldman economists see debt-to-GDP rising to 130% in 2034 Real interest expense will catapult higher over coming decade Goldman Sachs Group Inc. updated its longer-term US fiscal outlook Wednesday, with its new projections seeing a key metric of debt sustainability...
May 22, 2024 | Markets
Contract closings dropped 1.9% to 4.14 million rate last month Median selling price rose to $407,600 – record for any April Sales of US existing homes unexpectedly fell for a second month in April, adding to evidence that the resale market is struggling for...
May 22, 2024 | Markets
Wall Street giant fined $78 million in UK for 2022 trades London staffer’s fat-finger blunder triggered Europe selloff For one Citigroup Inc. trader in London, the morning of May 2, 2022 went from bad to worse. It was a public holiday in the UK, so it should have been...
May 22, 2024 | Markets
BYD’s Seagull hatchback is set to start Europe sales next year, beating the competition on price Cheap electric vehicles from China are already pushing into Europe, undercutting one of the region’s biggest industries. BYD Co., which overtook Tesla Inc. late last year...
May 21, 2024 | Markets
Scale AI raised $1 billion in one of the year’s largest deals Startup helps tech firms improve data for building AI tools Scale AI Inc., a startup that helps top tech companies improve the data used to build artificial intelligence products, has roughly doubled its...
