Economy

US President Donald Trump speaks during a kickoff celebration for the Great American State Fair on the National Mall in Washington, DC, US, on Wednesday, June 24, 2026. Bonnie Cash | Bloomberg | Getty Images President Donald Trump pledged Wednesday to deploy U.S. resources to earthquake-stricken Venezuela after back-to-back tremors of magnitude 7.2 and 7.5 […]

Anthropic is racing to increase its AI compute capacity in the Asia-Pacific region, as the company scrambles to keep up with soaring demand for its products. The U.S.-based AI lab is currently hiring for 13 roles in its compute department — which focuses on developing and managing AI data centres — of which eight are […]

The SK Hynix logo is seen above a printed circuit board. Sopa Images | Lightrocket | Getty Images Shares of South Korean chip giant SK Hynix surged more than 12% on Thursday, buoyed by plans to raise as much as $29.4 billion in a U.S. stock market listing and stronger-than-expected quarterly results from U.S. rival […]

LONDON — The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday. Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari said: “Many more months of positive inflation data, I think, to give me […]

I’ve always been passionate about bringing family and friends together around great food. I’m that person who watches you take a bite to see the reaction on your face. When I was a kid, my grandmother, aunts and cousins would come together to prepare the most delicious meals. I can vividly remember my grandmother lining […]

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI on Tuesday said it created a safety and security committee led by senior executives, after disbanding its previous oversight board in mid-May. The new committee will be […]

A Macy’s store decorated for the holidays in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty Images Macy’s on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of delivery expenses on its accounting books for nearly three years […]

A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters GameStop shares soared Tuesday after the company announced that it had made around $933 million from a stock sale. Shares in the video game retailer were […]

Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4% increase in total mortgage demand compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest […]

Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his first term leading the U.S. central bank, said Scott Bessent, a hedge fund magnate and President-elect Donald Trump’s pick […]