by Bloomberg.com | Jun 7, 2024 | alerts, Markets/Economy
Syndicators made big purchases that are unraveling with high interest rates, adding distress to an already troubled US property market. Lynn Nathe was growing tired of the meager gains from her family’s retirement account. In late 2021, she invested $200,000 with a...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Rising imports were offset by higher exports and inventories Household savings slid to 0.9% from downwardly revised 1.6% Australia’s economy all-but stalled in the first three months of the year as elevated interest rates and cost of living pressures weighed heavily...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Alliance to unwind production cutbacks from the fourth quarter Demand concerns, signs of ample supplies add to declines Oil fell to the lowest in about four months after OPEC+’s plan to loosen its production curbs this year deepened the market’s bearish sentiment. The...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Company is seeking ‘secure and reliable’ AI services Cisco has already invested in Mistral AI and Scale AI Cisco Systems Inc. plans to invest $1 billion in startups that are working on what it calls “secure and reliable” artificial intelligence services, part of a...
by Bloomberg.com | Jun 4, 2024 | alerts, Markets/Economy
Strong wage growth risks slowing return of inflation to 2% Governing Council to lower rates by quarter-point on Thursday Strong economic data and vocal European Central Bank hawks are pushing some analysts and investors to waver in their expectations for interest-rate...
