Powell and his fellow Fed committee members yesterday hiked short-term interest rates another 0.25 percentage points to 4.75%, which means retirees and other savers are getting the best savings rates in a generation.
Baidu Inc. (BUDU) is planning to roll out an artificial intelligence chatbot service similar to OpenAI’s ChatGPT,
The U.S. economy fared better than expected at the end of last year, despite higher borrowing costs and the rising cost of living weighing on activity.
In China, the reopening of the economy is coming at a time when its central bank is in easing mode – potentially making it all the more inflationary.
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.
China may be one step closer to losing its place as the world's most populous country to India after its population shrank for the first time since the 1960s.
Crypto investors have been starved for good news for months, and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November.
As of January 2023, NVIDIA reports that over 25 million users have tried the GeForce Now service.
Exxon Mobil Corporation (XOM) is beginning on a period of production growth.
Federal Reserve officials are committed to fighting inflation and expect higher interest rates to remain in place until more progress is made, according to minutes released Wednesday from the central bank’s December meeting.
Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
After a nearly 14% drubbing in December, Apple stock now sits at a key technical juncture that has chart watchers eyeing further declines for the tech giant's shares.
The Kremlin will mandate Russian oil producers to reduce output and avoid compliance to a recently introduced price cap mechanism, according to the country’s deputy prime minister in charge of energy issues Alexander Novak.
A surprise announcement from the Bank of Japan sent investors spinning and global markets reeling on Tuesday.