The collective economy of the 20 countries sharing the euro currency grew 0.4 percent in the third quarter, twice the speed of the 0.2-percent gain in the second quarter, according to official data.
Author: admin (Kendrick Williams)
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive and tech industries continue to be hit hard as prices increase and demand slows.
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U.S. ECONOMIC BRIEFS
Last month, U.S. manufacturing activity shrank to its lowest point this year.
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ALMOST A THIRD OF U.S. CAR LOANS ARE UNDERWATER
About 31 million of the roughly 100 million people making car payments owe more than their car is worth, putting the loan “underwater,” according to CarEdge, an online auto dealer.
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KEY INFLATION MEASURE FALLS TO 2.1 PERCENT IN SEPTEMBER
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation, ran at an annualized rate of 2.1 percent in September, according to government data.
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U.S. ECONOMY EXPANDS 2.8 PERCENT IN THIRD QUARTER
Government and consumer spending propelled the U.S. economy to expand by 2.8 percent in the third quarter, the commerce department reported.
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SPECIAL REPORT: AI AND THE MARKETS
Major tech firms will spend more than $200 billion this year on capital projects and even more in 2025 to build infrastructure for artificial intelligence (AI), according to their announced plans.
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CHINA CREATES MILITARY AI MODELS USING META’S LLAMA PLATFORM
Chinese research institutions with ties to the country’s Academy of Military Sciences have built an AI for military applications by using Meta's publicly available LLaMA generative AI, according to a recently published research paper.
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DATA CENTERS COULD HEAT EUROPEAN HOMES AND BUSINESSES
Frankfurt, a German city of almost 800,000 people, is home to 60 AI data centers as well as some of the world’s largest Internet exchanges.