Betting markets are increasingly worried about a possible U.S. recession in 2025, especially after President Donald Trump announced new tariffs on global trade partners. These tariffs, which include a baseline duty on all imports, have led to a significant rise in the perceived likelihood of an economic downturn, with prediction platforms indicating a greater than ...
Cognizant’s CTO of AI, Babak Hodjat, emphasizes the vital role of AI in shaping B2C companies’ strategies. With a study predicting that younger AI enthusiasts will influence $4.4 trillion in consumer spending in the U.S. by 2030, it’s crucial for businesses to understand how to engage these tech-savvy customers. Hodjat warns against overlooking AI’s impact, ...
Veronica Clark, a US economist at Citi Research, anticipates that the Federal Reserve will lower interest rates by 50 basis points during its December meeting. She shared these insights during her appearance on "Bloomberg The Close."
Governor Tiff Macklem provided further clarity on the Bank of Canada’s substantial interest-rate cut last week. He explained that the decision to ease rates is sensible, considering how aggressively the bank raised borrowing costs in recent years to combat inflation.
Pick n Pay Stores Ltd. has announced plans to list its low-cost Boxer business on the Johannesburg Stock Exchange by the end of the year. The move aims to raise up to 8 billion rand, which would make it the largest offering on the continent this year.
In a week, Federal Reserve officials will meet to discuss the pace of interest rate cuts. Ahead of that, three key economic reports will highlight the US economy's underlying strength, despite a temporary slowdown in job growth.
Google, the tech giant, has recently announced a round of layoffs, affecting hundreds of employees worldwide. The company is also shifting some roles abroad as part of its cost-cutting measures. This move has sent shockwaves through the tech industry, raising questions about the future of Google and its workforce. In this article, we will take ...
The Federal Reserve, the central banking system of the United States, has a significant role in maintaining the country’s economic stability. One of the most critical functions of the Federal Reserve is to influence the federal funds rate (FFR), the interest rate at which banks lend to each other overnight. By setting the FFR, the ...
