2/2 © Reuters. FILE PHOTO: People look for presents at the Macy’s flagship store during the holiday season in New York City, U.S., December 10, 2023. REUTERS/Eduardo Munoz/File Photo 2/2 By Mimosa Spencer PARIS (Reuters) -Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s …
In a broadly expected move, Federal Reserve officials left interest rates unchanged on Wednesday, but with inflation fading, their predictions for next year were optimistic. The suggestion of three rate cuts on the menu in 2024 left Wall Street salivating, with the Dow closing at a record high. “Inflation has …
© Reuters. FILE PHOTO: A view shows residential houses heavily damaged by a Russian missile strike, amid Russia’s attack on Ukraine, in the town of Selydove, Donetsk region, Ukraine November 15, 2023. REUTERS/Alina Smutko/File Photo (Reuters) – The conflict in Ukraine is significantly impacting Russia’s economy, raising domestic prices, and …
A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. The Dow jumped 512 points, or 1.4%, to top 37,000 and surpass its prior peak …
© Reuters. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon/File Photo (Reuters) -Exchange operator Nasdaq on Wednesday resolved a system issue that impacted stock orders and affected over 50 clients after rolling back …
Middle managers are accustomed to translating the dreams of senior leadership into reality. When it comes to AI projects however, the bridge connecting the grand plans of the C-suite to the realm of the doable can be tricky to find for those tasked with crossing it. “The disconnect is between …
© Reuters. Japanese Prime Minister Fumio Kishida speaks during a news conference at the prime minister’s office in Tokyo, Japan, 13 December 2023. Prime Minister Kishida said he will replace several ministers implicated in a political fundraising scandal. FRANCK By Sakura Murakami and Kaori Kaneko TOKYO (Reuters) -Japanese Prime Minister …
Nasdaq was hit by a system error Wednesday that impacted thousands of stock orders, leading some to be canceled, according to people with knowledge of the matter. The exchange operator told market participants it’s investigating an order-entry issue that caused inaccuracies and delays, the people said, asking not to be …
© Reuters. FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Berkshire Hathaway (NYSE:) acquired nearly 10.5 million shares of Occidental Petroleum (NYSE:) so far …
Retailers are locked in the final sprint to finish the all-important holiday season, but many are also thinking about how to supercharge tomorrow’s sales by tapping into the power of generative artificial intelligence. Executives from WalMart, Microsoft, and electronic shelf labeling company Hanshow, explored the possibilities during a special panel …
© Reuters. FILE PHOTO: U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley TOKYO (Reuters) – The dollar was under pressure on Thursday after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end …
Cruise, the self-driving vehicle unit controlled by General Motors, has dismissed nine top executives, including Chief Operating Officer Gil West and the heads of legal affairs. The company is trying to regain the trust of regulators and the public following an investigation by California regulators into an incident in which …