Atlanta Federal Reserve President Raphael Bostic recently shared his insights regarding interest rate projections amidst ongoing discussions about economic policy. During an event in Atlanta, he indicated that he anticipates only one additional reduction of 25 basis points by the end of this year, diverging from the consensus that suggested…...

In the third quarter of 2023, Mexico’s telecommunications powerhouse, America Movil, posted significant growth in its net profits, more than tripling its earnings compared to the same period the previous year. The company’s net profit soared by 217%, reaching 6.43 billion Mexican pesos (approximately $326.37 million). This impressive financial performance…...

The World Bank has announced a significant shift in its internal lending guidelines aimed at bolstering support for developing countries facing the impacts of climate change. President Ajay Banga revealed that the bank would contribute an additional $30 billion in lending capacity over the next ten years through adjustments in…...

Boeing (BA) is taking substantial steps to stabilize its financial situation amidst challenging circumstances by securing $10 billion in supplemental credit from a consortium of major banks, including Bank of America Securities, Citibank, Goldman Sachs, and JPMorgan. In addition to this, the company filed a mixed shelf registration with the…...

In the current political landscape, the 2024 election is drawing near, especially with Trump emerging as a strong contender in key swing states such as Michigan and Pennsylvania. The sentiment and pulse of the undecided voters become incredibly challenging to interpret, complicating forecasts about the election outcome. Meanwhile, tensions within…...

As the holiday shopping season approaches, the National Retail Federation (NRF), the largest retail trade organization in the United States, issued a cautious forecast for 2024. The NRF predicts that consumer spending will increase during November and December, with projected sales reaching between $979.5 billion and $989 billion. This figure…...

LVMH, the French luxury powerhouse, has reported a notable downturn in its third-quarter sales, experiencing a 3% decline for the first time since the pandemic began. This drop in revenue, amounting to €19.08 billion ($20.8 billion), marks a significant shift in the luxury market, which had previously enjoyed a robust…...

The ongoing conflicts in Israel and Ukraine, along with the contentious U.S. presidential election, have overshadowed significant issues in climate science, particularly concerning the emerging technology of blue hydrogen. Promoted by fossil fuel companies as a climate-friendly solution, blue hydrogen is created from natural gas and relies on carbon capture…...

The recent surge in artificial intelligence (AI) technology has not only been advantageous for developers and investors alike but has notably benefitted Anguilla, a small British territory in the Caribbean. The advent of AI-driven chatbots and services, most prominently introduced with ChatGPT in 2021, sparked a digital gold rush, compelling…...

In the recent discourse surrounding inflation, the evolving economic landscape has prompted various analyses and reinterpretations of data. Yves speaks to Wolf Richter’s perspective at Wolf Street on current inflationary trends and suggests skepticism regarding the accuracy of government reports, particularly in light of continual data revisions and forecast discrepancies.…...

Google is enhancing its Google Shopping page with artificial intelligence (AI) upgrades using its Gemini AI model. The new features will include AI-generated summaries that provide valuable shopping tips, directly aimed at helping users make informed purchasing decisions. These summaries will be displayed prominently near the top of the page,…...