Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar
Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey…
Category: Business & Finance
Treasury Department announces new Series I bond rate of 4.26% for the next six months
The U.S. Department of the Treasury has announced new Series I bond rates through October 2026.…
Big Tech’s $700 billion spending on AI this year is called the ‘greatest capital misallocation in history’
Alphabet, Amazon, Meta and Microsoft are depleting their cash reserves and raising debt as AI spending moves even…
OpenAI trial live updates: Musk takes the stand again after heated cross-examination
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to…
Caterpillar handily beat Wall Street estimates — not for the first time
The construction manufacturer reported a 38% rise in sales in its construction industries arm.…
Meta tanks 10%, Alphabet climbs 5% as each company raises capex spend
Both Alphabet and Meta said they expect their capex to continue growing this year, but investors sent Alphabet's…
Democrats urge CFTC to rein in prediction markets sports betting, insider trading
Sen. Jeff Merkley, D-Ore., led a letter — first reported by CNBC — to the CFTC asking for…
These stocks have been the biggest winners during the S&P 500’s best month since 2020
The S&P 500 was up 9.6% for April, led by a gain of nearly 18% for the information…
Copper and Silver Miner Lumina Shares Teeter After Toronto IPO
Lumina Metals Corp. shares rose 0.8% after the Canadian company and one of its shareholders raised C$406.2 million…
Banamex Is Selling Global Bonds for First Time Since Citi Sale
Mexico’s Grupo Financiero Banamex is tapping global markets for the first time since Citigroup Inc. started offloading its…