(Bloomberg) — News of Germany’s first recession since the start of the pandemic is barely registering in Frankfurt, where European Central Bank officials remain focused on a possible string of further interest-rate increases.
European natural gas prices slumped further to a two-year low as a weak regional economy hits the prospects for demand.
UBS Group AG and the Swiss government haven’t reached consensus on the precise terms of a state guarantee, which may delay the close of its takeover of Credit Suisse Group AG, according to people familiar with the matter.
Yevgeny Prigozhin, founder of the Wagner mercenary group, said his forces have begun pulling out of Bakhmut and handing over positions to the Russian army – the latest twist in the eastern Ukrainian city largely leveled by months of intense fighting.
Traders betting against Nvidia Corp. suffered massive losses as the chipmaker’s stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate.
American veterans earn less, are more likely to be out of the labor force and attain lower education levels than comparable nonveterans, according to a pair of studies by the Federal Reserve Bank of New York.
US corporate profits fell for a second straight quarter in the first three months of the year, according to official government data published Thursday. But that’s only because the Federal Reserve is included in the figures.
Kyle Bass, who has been predicting serious pain in the US office market, is taking a different view toward data centers as a new wave of artificial intelligence applications drives tech firms’ needs for more computing power.
London police said they arrested a man after a car crashed into the gates of Downing Street, the road that’s home to UK Prime Minister Rishi Sunak.
Microsoft Corp. is calling for a new US agency to regulate artificial intelligence and licensing requirements to operate the most powerful AI tools, company President Brad Smith said Thursday.
