Philippine Rate Cut More Likely in 2025 on Inflation Risks

Over 50% chance inflation may breach target for a third year Remolona says hawkish stance doesn’t mean further tightening The window for the Philippine central bank to start reducing the key rate in the second half of 2024 is narrowing as the risk that inflation may...

US Homebuilder Sentiment Stalls as Buyers Wait for Rates to Drop

Index of expected sales drops for first time in five months Homebuilders continue pulling back from sales incentives US homebuilder sentiment leveled off this month after a recent surge as would-be home buyers look for signs borrowing costs will fall. The National...

Risk-Addicted Wall Street Funds Are Shaken as Bad News Piles Up

Geopolitical tensions push S&P 500 to worst week since October Brent crude and the dollar soar as traders flock to safety Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great monetary pivot in earnest thanks to the steady demise of...

US Set to Ring Alarm Bells Over Chinese Industry on World Stage

Ministers of G-7, G-20 likely to discuss issue in Washington US, EU have worried EV industries at risk from China imports US Treasury Secretary Janet Yellen warned China’s leaders that the nation’s manufacturing power is a threat to global economic stability. Next...

Big Tech’s Call for Light Touch on AI Falls Flat With Enforcers

OpenAI, Google executives lobby for regulators to step aside Antitrust enforcers pledge close scrutiny of AI partnerships Artificial intelligence could help cure cancer, ease energy insecurity and reduce poverty – if regulators would just get out of the way. That was...