BMO economist says cooling AI spending could ease pressure on the Fed
BMO Capital Markets economist Jennifer Lee says heavy AI investment has helped push up interest rates and inflation pressures. A…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Trump says US would contact North Korea if it is tied to the $6.3 billion Binance hack
President Donald Trump says the US would contact North Korean officials if investigators confirm Pyongyang was behind the Binance hack….
Saudi Arabia’s economy contracts 3.8% in Q3 as war disrupts oil production
Saudi Arabia's GDP shrank for a second straight quarter as the war involving Iran and fighting with Yemen's Houthi rebels…
Iran offers 48-hour Hormuz reopening plan as Trump signals progress in talks
Iran has proposed reopening the Strait of Hormuz within two days if Washington meets its conditions. President Trump says talks…
US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
The US Treasury sanctioned two Russians who allegedly converted crypto into cash for North Korean IT workers. The action targets…
