Category: Economy
Wall St logs sharp losses as labor market strength stokes rate-hike fears
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended sharply lower on…
US’s Yellen lands in China, hopes to thaw icy relations
By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday began a four-day visit…
Meta takes aim at Twitter with Threads app, millions join
(Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to…
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of…
Meta’s Threads swiftly signs up 30 million users, in clear threat to Musk-owned Twitter
By Aditya Soni (Reuters) -Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch,…
NY Fed data shows underlying inflation may be slower than thought
By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed…
Samsung profit likely lowest in more than 14 years as chip glut persists
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any…
ChatGPT’s explosive growth shows first decline in traffic since launch
By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and…