Bank of America CEO Sees No Recession Despite Hawkish Federal Reserve Forecast
Bank of America’s CEO dismisses recession worries as the Fed signals multiple interest rate hikes to manage inflation amid robust U.S. economic growth.
Latest news
Markets & Macro
Corporate Power
AI Shopping Assistants Lead Retailers’ Digital Investment Priorities
Retailers now prioritize AI shopping assistants over traditional digital tools, shifting budgets toward AI-driven features amid evolving consumer behaviors.
Energy & Climate
Costco’s EV Charging Prices Raise Questions Despite Gas Discount Reputation
A Costco shopper’s experience with fast-charging costs sparked debate on why electric vehicle charging at warehouses often matches public rates instead of offering typical member discounts.
Big Tech
Elon Musk Denounces Nicholas Kristof for Baseless Claims Linking Aid Cuts to Deaths
Elon Musk sharply rebuked New York Times columnist Nicholas Kristof after accusations that Musk’s reduction of aid led to preventable deaths, dismissing the claims as false.
Crypto & Fintech
STBL Integrates Real-World Assets on Stellar to Strengthen USST Stablecoin
STBL introduces real-world asset tokenization on Stellar blockchain to enhance backing for its USST stablecoin, targeting faster, low-cost payments and greater institutional trust.
Trade & Tariffs
Rising Wedding Costs Prompt Couples to Adjust Spending Amid Inflation and Tariffs
Wedding expenses climbed despite economic challenges as couples reduce guest lists, seek discounts, and favor lab-grown diamonds to manage budgets.
AI & Tech Regulation
Alibaba and Ant Subsidiary Pay $600 Million to Settle US Justice Department Claims
Alibaba Group and its payment arm AUS Merchant Services agreed to a $600 million settlement over allegations of allowing illegal product sales on their eCommerce platforms.
Trade & Tariffs
US Declines to Renew USMCA, Opens Talks to Revise Trade Agreement
The United States refused to extend the USMCA trade pact, triggering renegotiations focused on addressing trade imbalances and updating key provisions while keeping the deal active during talks.
Energy & Climate
AVILOO Introduces First Financially Backed Warranty for Used EV Batteries in the UK
AVILOO launches a pioneering, insurance-backed battery warranty designed to protect UK used electric vehicle buyers against unexpected battery degradation within the first year or 20,000 km.
Crypto & Fintech
Bitcoin Climbs Back to $60,000 Amid Fading US Dollar Strength and Market Optimism
Bitcoin surged past $60,000 as the US dollar retreated from multiweek highs, sparking hopes among traders for a July relief rally despite recent volatility.