CNBC Daily Open: Biden drops out
Traders on the floor of the New York Stock Exchange, Aug. 8, 2023. Source: NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open …
Breaking News: Economy
Britain explores first formal rules for AI: what next?
An Internet user checks ChatGPT on his mobile phone, Suqian, Jiangsu province, China, April 26, 2023. Future Publishing | Future Publishing | Getty Images LONDON — Britain is set to …
Can Boeing get back to its glory days?
An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes …
The West must confront the ‘deadly quartet’ of global adversaries
NATO leaders attend the Allied and Partner Heads of State and Government Meeting as part of the NATO Heads of State and Government Summit in Washington DC., United States on …
Fed Governor Waller sees central bank ‘getting closer’ to an interest rate cut
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current …
Turkey lands first place for wealth growth in global ranking despite soaring inflation
Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Turkey came out miles ahead of the rest of the world in an annual global …
Freight trucking recession is nearing an end, logistics executives say
The trucking industry is turning a corner after a prolonged freight recession that succeeded the Covid boom in transportation rate and services, according to logistics executives. Data from Motive, which …
Anthropic, Menlo Ventures launch $100 million Anthology Fund for AI
Anthropic and one of its biggest investors are taking a page from Apple’s playbook. The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to …
IMF sees ‘bumps’ in path to lower inflation
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year. In its latest …
Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., …