Breaking News: Economy
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Business
FedEx (FDX) earnings 2Q 2023
A FedEx plane lands at Shanghai Pudong International Airport in Shanghai on April 27, 2023. Vcg | Visual China Group…
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Business
Here’s everything the Fed is expected to do Wednesday
Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research…
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Business
EU agrees to landmark rules governing AI after ChatGPT takes off
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research…
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Business
‘Excess profits’ of big firms have driven up inflation, report claims
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases…
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Business
China’s economy has a ‘steep hill to climb’ despite positive export surprise: HSBC
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg |…
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Business
Spotify to lay off 17% of employees, CEO Daniel Ek says
It comes after Spotify reported a 65 million euros ($70.7 million) profit in the third quarter, citing lower spend on…
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Business
British fintech Wise reports 234% jump in profit
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images British fintech…
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Business
House Republicans unveil their plan to avert a government shutdown next week
WASHINGTON — House Republicans on Saturday unveiled their stopgap funding bill to avert a government shutdown set to begin next…
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Business
Moody’s cuts U.S. outlook to negative, citing deficits and political polarization
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s…
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Business
Commerzbank Q3 net profit more than triples, beats expectations
A “mild recession” is on the cards, according to Commerzbank CEO Manfred Knof. Picture Alliance | Picture Alliance | Getty…
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