Meta tried to buy Ilya Sutskever’s $32 billion AI startup, but is now planning to hire its CEO
When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment ...
Tag: Breaking News: Economy
Fed holds key rate steady, still sees two more cuts this year
WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ...
JetBlue to cut more flights, other costs with break-even 2025 ‘unlikely’ due to weaker travel demand
A JetBlue Airways Airbus A321-231 taxis at San Diego International Airport on March 4, 2025 in San Diego, California.Kevin Carter ...
Power play: Two money managers bet big on uranium, predict long shelf life for gains
The uranium trade's shelf life may last years.According to Sprott Asset Management CEO John Ciampaglia, a "real shift" upward is ...
Here’s the inflation breakdown for May 2025 — in one chart
David Paul Morris/Bloomberg via Getty ImagesThe annual inflation rate increased slightly in May as an uptick in grocery inflation somewhat ...
Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy
Lisa Cook, governor of the Federal Reserve, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024.Al ...
Caviar and privacy: Airlines’ business-class wars are here
American Airlines new business-class suite.American AirlinesDALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. ...
Trump tariffs would still ‘pinch’ consumers even if trade court block holds, economist says
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April ...
Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show
Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and create a difficult quandary ...
The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential ...
