US housing inflation likely to fall in year ahead, Fed paper says

US housing inflation likely to fall in year ahead, Fed paper says

(Reuters) – U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank of San Francisco. That decline will likely add to downward...
SpaceX Falcon 9 may resume flights while FAA probe underway

SpaceX Falcon 9 may resume flights while FAA probe underway

By David ShepardsonWASHINGTON (Reuters) -The SpaceX Falcon 9 vehicle may return to flight operations while the overall investigation of the anomaly during a recent Starlink mission remains open, the U.S. Federal Aviation Administration said on Friday.SpaceX made the...
CrowdStrike exec to testify before Congress on IT outage

CrowdStrike exec to testify before Congress on IT outage

(Reuters) – A senior executive at CrowdStrike will testify before a U.S House of Representatives subcommittee on Sept. 24 on the company’s faulty software update that caused a global IT outage.Adam Meyers, senior vice president for counter adversary...

Solid US consumer spending pushes against hopes for hefty Fed rate cut

By Lucia MutikaniWASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut from the Federal Reserve next...
Apple in talks to join OpenAI funding round, WSJ reports

Apple in talks to join OpenAI funding round, WSJ reports

(Reuters) -Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter.The news comes a day after the Journal reported...