by Bloomberg.com | Jan 16, 2024 | alerts, Markets/Economy
Stronger easing in two biggest cities shows ‘limited effect’ Slump in sales and property investments also worsened China home prices fell the most in almost nine years in December, underscoring why officials are extending support to the biggest cities to end the...
by Bloomberg.com | Jan 16, 2024 | alerts, Markets/Economy
GDP deflator reflects broader picture than consumer prices Weak consumer confidence, housing slump dragging on growth A Chinese measure of economy-wide prices marked its longest slide since 1999, underscoring deep deflationary pressures that are weighing on the...
by Bloomberg.com | Jan 15, 2024 | alerts, Markets/Economy
Researchers measured AI responses to 200,000 legal questions Frequent ‘hallucinations’ could hurt self-represented litigants Popular AI chatbots from OpenAI Inc., Google LLC, and Meta Platforms Inc. are prone to “hallucinations” when answering legal questions, posing...
by Bloomberg.com | Jan 14, 2024 | alerts, Markets/Economy
Overseas investors have resumed selling China onshore equities in the new year as pessimism over the country’s sluggish economic recovery deepens. Global funds offloaded 7.9 billion yuan ($1.1 billion) of stocks in the first two weeks of 2024, after making large...
by Bloomberg.com | Jan 11, 2024 | alerts, Markets/Economy
Credit-card delinquency rates have exceeded pre-pandemic levels, while the share of borrowers making only the minimum payment climbed above 10% for the first time since 2019, according to a Federal Reserve Bank of Philadelphia report. Almost 3.2% of card balances were...
