Oct 29, 2024 | Markets
Mixed US economic data on Tuesday keeps pressure on bonds Traders prepare for US debt announcement, jobs data, election Treasuries are on track for their worst month in more than two years amid signs of economic strength, posturing for next week’s US presidential...
Oct 29, 2024 | Markets
US Treasury Secretary Janet Yellen said that fraud in the banking system is becoming a huge problem and that her department is now using artificial intellignece to detect and deal with the issue. “I absolutely agree with the premise — which is that fraud is becoming a...
Oct 29, 2024 | Markets
Antitrust risk and competition in search have pressured shares Google parent trades at rare valuation discount among megacaps Alphabet Inc. shares have gone nowhere for months, trailing Magnificent Seven peers as investors struggle to price risks confronting the...
Oct 29, 2024 | Markets
Startup set to raise more cash after $6 billion round in May Billionaire’s AI company has sought to compete with OpenAI Elon Musk’s artificial intelligence startup xAI is seeking new funding at a roughly $40 billion valuation, according to a person familiar with the...
Oct 29, 2024 | Markets
UK chancellor to reportedly announce increase in minimum wage Sharp minimum wage rises are fueling fears of job losses The share of British workers in low-paid jobs has plunged in the last decade to a record low of 3.4%, a reflection of growing minimum wages, adding...
Oct 29, 2024 | Markets
Job openings fell more than expected in September. The data comes as investors closely watch for signs of further cooling in the labor market ahead of the Federal Reserve’s next interest rate decision on Nov. 7. New data from the Bureau of Labor...
