No urgency to replace Fed Chair Powell, Treasury Sec Bessent says
US Treasury Secretary Scott Bessent said on Wednesday that the administration is not in a hurry to identify a successor…
GE Vernova (GEV) stock rises more than 6% after company raises outlook
Power equipment manufacturer GE Vernova raised its full-year revenue and free cash flow forecast on Wednesday after reporting stronger-than-expected second-quarter…
Uber tests women-only rides in US amid ongoing safety concerns
Uber is set to pilot a new feature that matches women drivers and riders in select US cities, expanding its…
The effects of AI on the economy are real — but not in the way most expect
For the past few years, we’ve been told that artificial intelligence would either save the world or destroy it. The…
India needs $2.4 trillion for climate-resilient urban infrastructure by 2050
The World Bank on Tuesday announced that India must invest over $2.4 trillion by 2050 to develop urban infrastructure that…
BlackRock just banned company devices in China: here’s why it matters to you
BlackRock has told employees to leave their work devices at home when traveling to China. Under a new policy rolled…
US to exit UNESCO again, citing anti-Israel bias and “woke” agenda
The United States will withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO) by the end of December…
US Treasury Secretary signals potential tariff delay ahead of China talks
US Treasury Secretary Scott Bessent said on Tuesday that he is set to meet his Chinese counterpart in Stockholm next…
Powell’s speech today didn’t give Wall Street what it was hoping for: here’s what happened
Kicking off this morning’s closely watched Federal Reserve Board conference, Chair Jerome Powell focused his opening remarks on the Fed’s…
Analysis: EU’s new sanctions rock diesel market, price hikes expected
The European Union’s latest round of sanctions against Russia, adopted last Friday, are set to create significant ripples in the…