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inflation is cooling, news that helped ease doubts over how well monetary policy is doing its job after stronger-than-expected price increases earlier in the year. But while progress on a month-to-month basis is increasingly clear, the road to the Fed's 2% inflation goal — measured in year-over-year terms — is likely to be long, complicating discussions about when to cut interest rates. «We are getting evidence that (policy) is tight enough,» San Francisco Federal Reserve Bank President Mary Daly told CNBC in an interview just minutes after a Bureau of Economic Analysis report showed inflation did not rise at all from April to May. «It's really challenging to look anywhere and not see monetary policy working: we have growth slowing, spending slowing, the labor market slowing, inflation coming down.»

Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities.

Character.AI, a leading AI chatbot company, is taking the next step in human-computer interaction with the launch of its new voice call feature. This innovative feature, dubbed as Character calls, allows users to have real-time conversations with AI characters over phone calls, taking interactions with text-based chatbots to a whole new level.

The peso’s volatility influenced the central bank’s decision Thursday to hold rates steady, Banco de Mexico’s Governor Victoria Rodriguez said. Given its possible effects on inflation, it could also play a role in how the bank weighs future cuts.

HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of Chinese smartphone company Honor, George Zhao, told CNBC in an exclusive interview on Thursday.

Varun Alagh, founder of Honasa Consumer which owns Mamaearth and The DermaCo, reckons looking young and healthy is the new rich. A decade ago, most youngsters discovered specialised skincare brands through dermatologists. Now, social media influencers do that job. According to Alagh, younger consumers are really into their health, and view skincare as an extension. Edited excerpts from an interview. Why are youngsters so obsessed with their skin care routine now? The emergence of personal voices has led to category education becoming easier. Consumption of social content is leading to the shaping of genuinely good skincare categories. For instance, active ingredients are not something new, but are now getting democratised. Using efficacious active ingredients for skincare and for problem solution and skincare has existed for decades. What was not done earlier is marketing these directly to the consumer. Globally, this realisation came almost 20 years back when brands started to take it directly to consumers. We are seeing this now in India as well.

It is the blessing that can help determine a climate startup’s fate: backing from Bill Gates, one of the biggest investors in efforts to transform the world’s energy use. Since 2015, Breakthrough Energy, the climate-investment firm founded by Gates, has lavished $2.2 billion on more than 160 startups and other initiatives, seeking both returns for investors and emissions reductions. He has also made investments separately outside the firm.

investors think is essential whether you’re looking for funding for your own business or aiming to make wise investment choices. However, not all investors are willing to share their experiences for the benefit of others.

expects advertising revenue to touch ₹1,000 crore in the next 12 months. The company's advertising revenue has already hit ₹400 crore. “The advertising business is scaling rapidly and is growing at the rate of 150% year-on-year, driving up margins steadily," Zepto co-founder and chief executive officer Aadit Palicha said in an earlier interview with Mint.

The Bank of Canada’s decision to begin cutting interest rates ahead of the United States Federal Reserve will ultimately lead to a “big tailwind” for the Canadian economy, Toronto-Dominion Bank economist James Orlando said.

The head of the Canada Pension Plan Investment Board said he doesn’t see an asset class worldwide that’s totally free of risk for investors like his organization.

Robert Kiyosaki, known for his pro-crypto stance, believes Bitcoin is about to take off and enter what some call the “Banana Zone.”

Salman Khan destined to remain the designated Bollywood bachelor? While the ‘Dabangg’ star has been engaged once and has been linked to many actresses, none of his relationships ever came to the altar. Some years back, the actor’s father, veteran screenplay writer Salim Khan divulged the reason why the stars had no luck finding a ‘Biwi No. 1’. A 2019 interview with Khan Sr is going viral currently. In the clip, he reveals journalist Komal Nahta, why the superstar never found a wife. In a jovial mood, the screenwriter who penned several classics such as 'Zanjeer', 'Sholay', 'Deewar', 'Don', etc, initially said that there was no particular reason why the 'Hum Aapke Hain Kaun' actor didn't get married. Khan Sr said that like any father, he wanted his son to have a family of how own. However, nowadays, he has stopped worrying about it. “I believe, if it is destined for him, it would happen, ’’ he told Nahta.

AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands.

Russia’s Sberbank says that crypto and blockchain-powered services represent the “future” of banking in the country.

A retired professor, 86, shows it's never too late to benefit from mutual fundsBut the risk is that if the earnings growth of a company disappoints even slightly, there can be a sharp correction in its stock because the P/E multiples of such companies tend to be on the higher side due to estimates of higher earnings growth. Franklin India Flexi Cap Fund, ICICI Prudential Flexicap Fund and Parag Parikh Flexi Cap are some examples of value-oriented flexicap funds. The risk with value style is that there can be long periods of underperformance when the markets favour growth companies.

BENGALURU:The Indian Venture and Alternate Capital Association (IVCA) has sought a review of the Competition Commission of India's (CCI's) definition of control over companies by private equity (PE) funds in a meeting with the Union finance minister Nirmala Sitharaman ahead of the Budget 2024-25.“When PE funds invest in companies, they have some rights to protect themselves that can be viewed as a control position. So, the question was if there can be an exemption for PE funds," Srini Sriniwasan, vice-chairperson of the industry body for alternative assests, told Mint in an interview on Tuesday.Besides, the IVCA discussed measures to boost domestic capital in alternative investment funds (AIFs) to finance infrastructure, credit, startups and growth companies in the pre-budget consultation meeting on 20 June.The finance minister is expected to present the budget by July end.Sriniwasan, who is also the managing director of Kotak Alternate Asset Managers Ltd, asked for more clarity on the definition of what constitutes a PE investor.

Bitcoin will be the go-to asset for securing wealth generated by artificial intelligence (AI) in the coming decade, according to prominent Bitcoin advocate and venture capitalist Anthony Pompliano.

Nitin Bhasin, the head of institutional equities at Ambit, says negative earnings surprises have increased over the last two quarters, which may continue, leading to a potential de-rating of market multiples over the next 12 months. He believes the current financial year (FY25) may be a year of earnings normalisation, and small and mid-caps, trading at near all-time high valuations, will likely benefit from a bottom-up approach.

The stakes are high for Joe Biden and Donald Trump for Thursday's first presidential debate