Last May, Germany’s new chancellor Friedrich Merz came to office with a plan to slash red tape, liberate the country’s economy, and fuel it with a €500-billion plan to revitalize the nation’s tattered infrastructure and spend at least that much on national defense.
In a virtual monthly meeting that lasted only 11 minutes, the eight principal members of OPEC+ agreed to return 137,000 barrels of oil a day to the world market, beginning 1 October.
After languishing for the first half of this year, China’s stock market has come roaring back in July and August.
Major AI developers including Google, Microsoft, OpenAI, and Perplexity have introduced AI agents that will shop for you, present a custom-tailored array of products suited to your taste, and complete your orders for any items you select.
The economies of the 20 nations sharing the euro currency grew a collective 0.1 percent in this year’s second quarter, a dramatic downshift from the 0.6 percent posted for this year’s first three months.
Federal bank regulators are skipping some aspects of bank examinations as the Trump administration takes a less stringent approach to financial oversight, Reuters reported after speaking with several bank executives.
Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, warned that the dollar and stock market are likely to weaken if the U.S. Federal Reserve cuts its key interest rate when the central bank’s Open Market Committee meets in the middle of this month.
Economists have expected the boom in artificial intelligence (AI) to juice the U.S. economy, but most of those forecasts depended on businesses using the technology to boost their bottom lines.
Employer-funded health insurance plans are expected to rise in price 6.5 percent next year, the largest one-year bump since 2011, according to an analysis by Mercer Health & Benefits, which manages such plans.
More U.S. workers than expected filed initial claims for unemployment benefits last week, adding more evidence that the U.S. economy is slowing.