A key measure of underlying US inflation favored by the Federal Reserve cooled last month, and consumer spending rebounded sharply. Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the...

The startup has decided not to release the feature more broadly due to safety concerns. OpenAI is sharing early results from a test for a feature that can read words aloud in a convincing human voice — highlighting a new frontier for artificial intelligence and...

Prosecutors open dozens of cases to seize tycoons’ holdings Russia seizes assets ranging from pasta to ferro-alloys plants Russian businesses are seeking guarantees from the Kremlin that they won’t face asset seizures and privatization reviews amid a growing list of...

Also cut financials but raise consumer discretionary stocks Strategists see defensive stocks benefiting from lower rates The US stock rally is set to broaden out beyond technology, according to Citigroup Inc. strategists whose outlook on the sector has turned more...

In the realm of stock market indicators, the Buffett Indicator stands out, especially when it flashes red. Named after Warren Buffett, the CEO of Berkshire Hathaway Inc. and a figure synonymous with investing acumen, the indicator compares the total market...

China Vanke Co.’s profit tumbled more than analysts expected last year and it vowed to slash debt by almost $14 billion, as the embattled developer tries to stave off default amid a protracted housing crisis. Net income attributable to shareholders shrank 46% to 12.2...

Dubravko Lakos-Bujas sees more risks, fewer sources of upside More risks are ‘hovering in the background,’ strategist warns It’s the talk of the stock market: What will be the sign that the five-month rally in US equities is coming to an end. But if you ask JPMorgan...

Banks exposed to falling property prices, regulator warns Investment real estate loans to get higher risk weighting Swiss banks face a “significant loss potential” in the event of corrections on property markets, financial regulator Finma said. Many lenders have a...

Agency will look at ways to improve cross-agency coordination Gaps identified in capabilities of small firms versus large Artificial intelligence is making it easier for fraudsters to carry out more sophisticated attacks on financial firms, the Treasury...

Fisker Inc. dramatically reduced the price of the Ocean sport utility vehicle — its only model — as the electric-car maker struggles to stay in business. The biggest cut the US company is making applies to the top-end version of the Ocean, called Extreme. Fisker will...

In this post, we evaluate how deposits have evolved over the latter portion of the current monetary policy tightening cycle. We find that while deposit betas have continued to rise, they did not accelerate following the bank runs in March 2023. In addition, while...

The company is raising capital through other avenues now The move follows the surprise retreat from a cloud arm listing Alibaba Group Holding Ltd. called off an initial public offering for its Cainiao logistics arm in Hong Kong, shelving a $1 billion-plus deal in a...

New York Fed economists highlight risks from China policy China is overseeing a surge in industrial investment China’s effort to boost manufacturing and shore up the economy amid a real estate slump could put “meaningful upward pressure” on US inflation and push back...