The US Federal Reserve raised interest rates by 25 basis points to 4%, in line with expectations, in the first policy meeting under command of new central bank’s Chairman Kevin Warsh. Wednesday’s action marks the Read more…
The BoE kept Bank Rate unchanged at 3.75%, as widely expected. Inflation and labour market data released ahead of the meeting indicate no imminent need for rate hikes. We maintain our call for unchanged Bank Read more…
A luggage brand that disappeared from the market after a bankruptcy is preparing to return, giving a familiar name in the travel industry a second chance. The relaunch comes as the luggage market continues to Read more…
Regular 401(k) contributions, growing home equity, and vested stock options can slowly add up to a $1 million net worth over the course of a career, without any big windfall. For many people, the milestone Read more…
For years, Elon Musk has been making big promises about SpaceX (SPCX). This time, one of Wall Street’s best-known investors is doing it for him. Cathie Wood, CEO of ARK Invest, described a future in Read more…
Dollar retreated from its post-FOMC highs as Brent crude dropped more than 3% to below $103 and WTI fell around 2.8% to $99.5, moving back under the psychologically important $100 level. DXY pulled away from Read more…
You’re in line at your local coffee house during your lunch hour. You have limited time but need that caffeine fix. The line stops suddenly. And right in front of the sign asking customers to Read more…
Granted by the civil aviation authority in a given country, the air operator’s certificate (AOC) is the single most important approval a commercial airline needs before it can begin flying and selling tickets to passengers. Read more…
US initial jobless claims fell from 206k to 196k in the week ending September 12, substantially below the 209k expectation. The four-week moving average declined from 206k to 203.25k, indicating that the improvement was not Read more…
Dario Amodei, Anthropic’s CEO, published an essay on Sept. 12 arguing that frontier AI labs should deliberately slow the pace at which they improve model capabilities by one to two years, so that safety and Read more…