Members of the Federal Reserve rate-setting committee say they are factoring increased labor productivity into their economic forecasts as artificial intelligence technology becomes more widely adopted. Fed Chair Jerome Powell addressed this topic in his December news conference, saying that in past technology waves “there’s always been more work and higher productivity and incomes have…
US consumer confidence weakened in December, sliding to its lowest level since President Donald Trump rolled out sweeping tariffs earlier this year, as households grew more anxious about high prices, trade levies and job prospects, according to a survey by the Conference Board.The Conference Board said its consumer confidence index fell 3.8 points to 89.1…
Protests were held across India over killing of Hindu man in Bangladesh Protests condemning violence against Hindus in Bangladesh across across multiple cities in India on Tuesday after a Hindu man was lynched by a mob in Mymensingh. Meanwhile, Bangladesh also witnessed unrest following the killing of political activist Sharif Osman Hadi. Diplomatic tensions rose…
Citadel plans to return about $5 billion in profits earned in 2025 back to investors at the beginning of next year, according to a person familiar with the matter. The firm’s flagship-multistrategy fund, known as Wellington, gained 9.3% in the year through last week, the person said, who asked not to be named discussing performance…
Filecoin FIL$1.2728 retreated 2.2% over 24 hours, slipping from $1.32 to $1.29 as technical sellers dominated price action. The decentralized storage token established a clear bearish channel pattern with successive lower highs confirming downward momentum across the 5 cent trading range, according to CoinDesk Research’s technical analysis model. The model showed that volume activity told…
US stocks were largely steady near record levels in early trade on Tuesday after government data showed the American economy expanded at a stronger-than-expected pace in the third quarter, pushing Treasury yields higher even as equity moves stayed muted in holiday-thinned trading. The S&P 500 hovered close to its all-time high set earlier this month,…
NEW DELHI: The Election Commission on Tuesday published draft voter lists for Madhya Pradesh and Kerala under the special intensive revision (SIR) exercise, releasing major deletion in both states. As per the updates rolls, 42,74,160 names have been removed in Madhya Pradesh, while Kerala recorded deletion of more than 24 lakh voters.In Madhya Pradesh, the…
Security personnel keep vigil following a wave of violence allegedly triggered by rumours, in West Karbi Anglong, Assam. (PTI Photo) NEW DELHI: Fresh violence was reported from Assam’s trouble-torn Karbi Anglong district for a second consecutive day on Tuesday, with at least eight people injured as a clash between two groups of protestors prompted police…
The US economy grew at a faster-than-expected annual rate of 4.3% in the July–September quarter, driven by stronger consumer spending, exports and government outlays, even as inflation remained above the Federal Reserve’s comfort level, according to official data released on Tuesday, AP reported.Gross domestic product (GDP), which measures the total value of goods and services…
The price of BNB is hovering around the $850 mark after losing more than 1.5% of its value over the past 24 hours. The token is down from a recent high near the $870 level, and comes alongside bitcoin’s decline from above $90,000 to the $87,000 area on Tuesday morning. Price action reflected that caution….
