Trump tried to sway the Fed and now Powell is fighting back
Fighting words: "We're a non political agency. We don't want to be involved in politics in any way."
Business
Cities no longer need to be rich to be smart as AI ‘levels out the playing field,’ urban experts say
Data can help cities who are not that rich become 'smart' and the cost of data collection is coming down because of advances in AI.
Americans: If you want to move abroad because of the election, Spain is your best bet
Looking to leave the U.S. amid the political upheaval? If you can do your job remotely, research shows that Spain comes out on top.
Bank of England makes first interest rate cut since pandemic in nail-bitingly close vote
The “finely balanced” 5-4 vote signals the Bank's ongoing caution to further reductions, with no guidance given on where interest rates may settle.
China’s gig workers stress over their incomes as Baidu ‘silly radish’ robotaxis flood the streets
More than 500 electric robotaxis built by Baidu Inc. currently ply Wuhan's streets, with plans for an additional 1,000 to be deployed by year-end.
Investors have a ‘tough time’ with AI because it’s hard to tell ‘what’s a thin layer on top of what IBM is doing…and what’s truly valuable’
Investors agree its tricky because things like large language models have been commoditized, and even investors differ on what's the source of value.
Samsung chips boss warns that firm risks getting caught in ‘vicious cycle’ because it’s ‘hiding or avoiding problems’
Jun Young-hyun, who ascended to the role after his predecessor allowed SK Hynix to take a big lead in AI memory chips, said his division’s recent turnaround was based largely on a market rebound.
Accused 9/11 mastermind Khalid Sheikh Mohammed agrees to plead guilty to al-Qaida attack
The development points to a long-delayed resolution in an attack that killed thousands and altered the course of the United States and much of the Middle East.
Deutsche Bank raises Intesa-Sanpaolo stock target, keeps buy rating
On Thursday, Deutsche Bank increased its stock price target for Intesa-Sanpaolo SpA (ISP:IM) (OTC: ISNPY),...
