Mar 2, 2024 | Markets
Company may file for Chapter 11 as soon as next week Fabrics chain has been in talks with lenders for new cash Crafts retailer Joann Inc. is considering a bankruptcy filing as soon as next week as part of a deal that would hand control of the company to lenders while...
Mar 2, 2024 | Markets
Inflation remains elevated in the US and euro-zone, supporting assertions from central bankers in both regions that it’s too soon to start cutting interest rates. The Federal Reserve’s preferred gauge of underlying inflation rose in January by the most in a year,...
Mar 1, 2024 | Markets
University of Michigan preliminary and final readings diverged Consumers still think inflation is cooling, survey says US consumer sentiment faltered in late February as current views of the economy and the outlook deteriorated, marking a reversal from earlier in the...
Mar 1, 2024 | Markets
ISM factory index declined 1.3 points in February to 47.8 New orders, production and employment measures decreased A measure of US factory activity shrank at a faster pace in February as orders, production and employment contracted, suggesting manufacturing is...
Mar 1, 2024 | Markets
Errors with AI responses have contributed to stock weakness The problems have overshadowed its growth and lower valuation The only thing that matters to Alphabet Inc. investors is whether it can get artificial intelligence right. That was the message delivered this...
