In the week leading up to August 24, global equity funds saw the largest weekly capital outflow in five weeks due to worries that rate hikes would trigger a recession. Ahead of the annual Jackson Hole symposium of the Federal… Read More ›
Day: August 26, 2022
Even As The US-China Rivalry Intensifies, Microsoft And ByteDance Are Working Together On A Significant AI Project
Lawmakers in The United States are growing more worried about the potential effects of losing the high-stakes competition between the U.S. and China for leadership in artificial intelligence on national security, the economy, and American prosperity. However, there is also… Read More ›
Amazon Not Likely To Place Bid For Electronic Arts
It is not anticipated that Amazon will make a bid to purchase Electronic Arts, according to reports citing sources. After USA Today reported that Amazon would reveal Friday that it plans to make a bid for the video game publisher,… Read More ›
UK Energy Prices Will Increase By 80% In October, According To The Regulator
In response to calls from advocacy groups, think tanks, and politicians for the government to address the cost-of-living crisis, Britain’s energy regulator announced Friday that it will increase its main cap on consumer energy bills to an average of £3,549… Read More ›
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