Third-quarter sales missed estimates and volumes were flat Company says productivity gains are bolstering profitability Procter & Gamble Co. sank on Friday after the maker of Pampers diapers and Dawn dish soap reported quarterly sales that fell short of Wall...

How Drones Are Revolutionizing the Economics of War [VIDEO]Source: Bloomberg

Move past 4.75% may set disorderly selloff in motion Traders are pushing back bets on start of Fed easing cycle The Treasury market is nearing levels that risk triggering a large selloff, pushing yields on 10-year bonds back to 5%, according to Vanguard. “We are in a...

Consumer price index rose annual 5.3% in March; est. 5.4% Central bank governor remain wary of prcing pressure South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs as the drop is...

Beef prices paid by Chinese dropped last year on weaker demand More than half of Brazil’s beef exports went to China in 2023 China’s beef imports are dwindling amid slowing consumption and ample domestic supply, dealing a blow to its biggest supplier Brazil. Official...

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...

Global shipments of Apple’s (AAPL) iPhone fell nearly 10% in the first quarter despite a broader smartphone market recovery as the company continues to contend with rising challengers from China such as Xiaomi. According to market intelligence firm IDC, Apple’s Q1...

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...

Advisers close to the former president — particularly his former trade chief Robert Lighthizer — are considering policies that would weaken the dollar relative to other currencies, which could juice U.S. exports but also fuel inflation. Economic advisers close to...

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...

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...

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...

China embassy to Japan releases statement on Kishida US visit Japan’s prime minister said China is challenge to peace China blasted remarks made by Japanese Prime Minister Fumio Kishida during his visit to the US this week, saying that any “wrong actions” taken by its...

OpenAI is now 4% of Ark Venture Fund, just behind Anthropic Ark’s Winton calls foundation model progress ‘mind-blowing’ Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI, a bet that the...