By Richard Cowan WASHINGTON () -Democrat Hakeem Jeffries could be poised to wield more power than a minority leader typically enjoys in the U.S. House of Representatives, with President-elect Donald T...
() -Microsoft is planning to spend about $80 billion in fiscal 2025 to build data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a...
By Howard Schneider BALTIMORE () -The U.S. central bank’s benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve ...
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK () -Some of the world’s largest hedge funds finished 2024 with comfortable double-digit returns, benefiting from chaotic markets, central bank poli...
By Pete Schroeder and Douglas Gillison WASHINGTON () – A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services...
By Johann M Cherian and Pranav Kashyap () -Wall Street’s main indexes moved higher on Friday as technology stocks rebounded from a losing streak, while investors geared up for potential policy shifts ...
By Johann M Cherian and Pranav Kashyap () – Wall Street’s main indexes moved higher on Friday as technology stocks rebounded from a losing streak, while investors geared up for potential policy shifts...
By Karen Brettell NEW YORK () -The dollar dipped on Friday but was on track for its strongest weekly performance since early November on expectations that the U.S. economy will continue to outperform ...
By Ankur Banerjee and Alun John SINGAPORE/LONDON () -The dollar dipped but stayed close to a two-year high against a group of peers on Friday on investor bets the gap between growth in the U.S. and el...
() -U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel’s $14.9 billion buyout of U.S. Steel, citing reasons related to national security and keeping the storied Ameri...
MILAN () -Vehicle production by car maker Stellantis (NYSE:) in Italy fell by 37% last year, hit in particular by a steep plunge in car manufacturing, union figures showed on Friday. To address overca...
By Rae Wee and Greta Rosen Fondahn SINGAPORE () -The dollar was on track for its strongest weekly performance since early December on Friday, propped up by expectations that the U.S. economy will cont...
