By Liam Mo and Brenda Goh BEIJING (Reuters) -Ever wished you could understand what your cat is trying to tell you? A Chinese tech company is exploring whether it’s possible to translate those mysterious meows into human language using artificial intelligence. Baidu, owner of China’s largest search engine, has filed a patent with China National …
China’s Baidu looks to patent AI system to decipher animal sounds Read More »
By Michael S. Derby NEW YORK (Reuters) -An official responsible for implementing Federal Reserve monetary policy said on Friday markets navigated last month’s heavy market stress well, as the central bank moves toward enhancing a key liquidity tool. “Although liquidity in Treasury cash markets became strained in early April, those markets continued to function, in …
NY Fed’s Perli says regular morning Standing Repo Facility operations coming Read More »
(This May 8 story has been corrected to remove the extraneous word ‘pounds’ in paragraph 11) By Raechel Thankam Job (Reuters) – Holiday Inn owner InterContinental Hotels Group said on Thursday it is on track to meet analysts’ profit expectations after reporting growth in U.S. room revenues that outpaced rivals. The United States is IHG’s …
Holiday Inn owner IHG confident US domestic demand will deliver profit growth (May 8) Read More »
(Reuters) -U.S. equity funds saw outflows for a fourth straight week through May 7, driven by uncertainties around trade tariffs and as investors awaited U.S.-China trade talks for more clues. Investors withdrew a net $16.22 billion from U.S. equity funds during the week, the largest weekly net sales since March 19, data from LSEG Lipper …
Investors pull money out of US equity funds for a fourth straight week Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets It’s Friday, so today I’ll provide a quick overview of what’s happening in global markets and then offer you some weekend reading suggestions away from the headlines. Today’s Market Minute * Behind …
(Reuters) -Federal Reserve Governor Adriana Kugler on Friday said the U.S. labor market is stable and, based on the current unemployment rate of 4.2% and a range of other measures, is most likely close to the central bank’s goal of maximum employment. Kugler’s prepared remarks to the Central Bank of Iceland did not otherwise touch …
Fed’s Kugler says US labor market stable, close to maximum employment Read More »
(Reuters) -Global equity funds attracted the smallest weekly inflows in four weeks in the week through May 7, amid concerns about the impact of tariffs on the global economy and as investors awaited anticipated U.S.-China trade talks for more clues. According to LSEG Lipper data, investors bought just $856 million worth of global equity funds …
Global equity fund inflows ease to a four-week low Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Investors head into a busy week for economic data watching if leadership in the U.S. stock market could be moving away from defensive equity areas that indicates greater appetite for risk. While the benchmark S&P 500 index is down 3.7% in 2025, with stocks jolted by concerns about economic …
US stock market leadership eyed with crucial economic data on tap Read More »
(Reuters) -U.S. President Donald Trump’s trade policies will likely lift inflation, lower growth, and raise unemployment later this year, Federal Reserve Governor Michael Barr said, leaving policymakers with a potentially tricky decision on which problem to fight. “The size and scope of the recent tariff increases are without modern precedent, we don’t know their final …
Fed’s Barr: tariffs to boost inflation, slow growth later this year Read More »
By Jonathan Stempel NEW YORK (Reuters) – Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Mashinsky’s sentence was imposed by U.S. District Judge John Koeltl in Manhattan, and is …
Celsius founder Alex Mashinsky gets 12 years prison for crypto fraud Read More »
