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Former Bank of America Vice Chair Keith Banks on the state of inflation, the earnings period and the September PCE release on ‘Mornings with Maria.’

OpenAI is launching a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with search giant Google and affect the flow of internet traffic seeking news and other timely information

Some people who took a new schizophrenia drug for one year improved with only a few side effects, but many dropped out of the research

A Paris commercial court has lifted a ban that had prevented Israeli defense companies from exhibiting weapons used by its military in the Mideast conflicts in Gaza and Lebanon at the upcoming Euronaval trade show

Bahnsen Group managing partner David Bahnsen discusses market volatility and analyzes the real estate market on The Big Money Show.

Amazon.com has asked a U.S. judge to throw out a multibillion-dollar consumer lawsuit that claims the tech company's cloud-based voice service Alexa illegally collected and recorded private conversations without consent. Amazon said in a federal court filing on Wednesday in Seattle that the consumers had failed after years of litigation to show it engaged in unfair or deceptive practices. Amazon asked U.S. District Judge Robert Lasnik to rule for the company on the merits of the plaintiffs' claims, which would end the case before a trial.

unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy's strength heading into the final stretch of 2024 and just days before next Tuesday's presidential election. Though prices pushed higher last month, inflation is firmly on a downward trend, with other data on Thursday showing labor costs posting their smallest gain in more than three years in the third quarter. The data likely keeps the Federal Reserve on track to cut interest rates next week and again in December. «We are not concerned that inflation's progress toward the Fed's target is stalling, let alone reaccelerating,» said Ryan Sweet, chief economist at Oxford Economics.

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels

foreign outflows and weak corporate earnings dampened investor sentiment. The NSE Nifty 50 declined by 0.56% to close at 24,205, while the BSE Sensex dropped 0.69% to 79,389. Both benchmarks lost around 6% in October, their steepest monthly drop since March 2020, when COVID-19 lockdowns triggered a sharp global market selloff.

Islamabad: The fundamental assumptions used to finalise the USD 7 billion deal with the IMF have gone awry within a month of its approval, leaving the authorities concerned with an option either to renegotiate the package or keep suffocating the economy through more taxes, according to a media report on Thursday. Official statistics show that out of four key underlying assumptions for achieving the nearly Rs 13 trillion tax target — the economic growth rate, inflation, large-scale manufacturing and imports — three assumptions have already been proven wrong by the end of the first quarter of the current fiscal year. The federal government has also overly committed on behalf of the four provincial governments that, too, are struggling to meet their conditions soon after the deal became effective. The Express Tribune newspaper reported that the official statistics for the first quarter (July-September) revealed that — from the Federal Board of Revenue's tax collection target to provincial cash surpluses — everything has gone off the mark.

junior doctors who have been protesting the rape and murder of their colleague at the RG Kar hospital, West Bengal's Agriculture Minister Sovandeb Chattopadhyay sought to know the source of their funds that helped continue the agitation for over two months. Chattopadhyay was speaking at a post-Durga Puja get-together organised by the TMC at his constituency Khardaha in North 24 Parganas district on Wednesday. A video of his address went viral on Thursday, triggering a fresh war of words with the junior doctors. PTI did not independently verify the authenticity of the video. «May I ask them, why are you agitating? For what reason are you agitating? Why is all the anger directed at the government?» he said.

Key Square Group founder Scott Bessent and chief economist at the America First Policy Institute Michael Faulkender discuss former President Trumps agenda on Kudlow.

FOX Business’ Jeff Flock reports on the latest news emerging from the auto industry as data reveals insurance prices have surged year-over-year.

An 18-year-old was arrested outside a Florida polling location Tuesday, where police say he tried to intimidate voters casting ballots in the presidential election by wielding a machete.

Indian banks' loan growth moderated this September, compared with the same month a year ago, central bank data showed on Thursday, as the impact of the Reserve Bank of India's clampdown on «exuberance» in retail lending continued. Banks' credit grew at 14.4% year-on-year last month, slower than the 15.3% increase in September 2023, excluding the impact of HDFC Bank merging with parent Housing Development Finance Corp (HDFC), the RBI said. Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago.

Asian central banks will cut interest rates slower than the U.S. Federal Reserve over the coming year, Reuters polls showed, as solid growth has eased pressure to maintain currency stability against a persistently strong dollar. A jumbo 50 basis points Fed rate cut in September and expectations for two more quarter-percentage point reductions by end-year has provided wriggle room for central banks in Asian economies to consider their next moves. The Fed is expected to cut rates by another 125 basis points next year, much more than Asian central banks. But with the U.S. economy showing continued resilience, the greater risk is for the Fed to move more gradually than speed up.

Subscribe to enjoy similar stories. Microsoft and Meta Platforms might appear to have little in common. But both are betting large sums on artificial intelligence, and neither is yet inclined to slow down.

index opened lower on Thursday, and was set to record its worst monthly performance in a year, while moves were mainly powered by a mixed bag of earnings. The pan-European STOXX 600 dropped 0.6% by 0812 GMT, falling to its lowest level in nearly two months.

Subscribe to enjoy similar stories. Picture this: A financial markets trainer takes to the stage, looking at a large screen of flickering prices, and then immediately breaks into a dance, with a couple of hundred people in the audience joining him in an apparent money-making festival. If you thought this is a scene from a movie, it’s not.

Subscribe to enjoy similar stories. Microsoft reported strong quarterly growth in its cloud-computing business that indicated its heavy investment in artificial intelligence is paying off. Revenue for the tech giant’s Azure cloud business—a core of its AI offering—rose 33% in the quarter through September, beating analysts’ expectations.