If AI is a bubble, the economy will pop with it
LONDON, Oct 1 (Reuters) – The old truism that the stock market is not the economy risks underplaying…
Oil takes a breather with OPEC+ output hike, US government shutdown in focus
OPEC+ may raise output by up to 500,000 bpd in November, sources sayU.S. crude stocks down 3.67 mln…
ECB’s Nagel urges Europe to back Fed’s independence against Trump
Nagel urges Europe to support Fed’s independence amid Trump’s attacksTrump’s actions seen as undermining democracy and joint values,…
S&P 500 nears record high on Israel-Iran ceasefire hopes
Indexes up: Dow 1%, S&P 500 1%, Nasdaq 1.35%FedEx rises ahead of quarterly resultsAtlanta Fed chief says no…
Euro ticks up despite French govt collapse; bitcoin breaks $100,000
Euro hovers above two-year low hit in NovemberBitcoin hits $100,000 for the first timeYen rises as traders await…
UK business confidence lowest since COVID pandemic, IoD says
LONDON, Dec 1 (Reuters) – Britain’s Institute of Directors said on Sunday that optimism among its members had…
UK services sector sentiment falls at fastest pace in two years, CBI says
LONDON, Nov 28 (Reuters) – Business sentiment in Britain’s services sector is falling at the fastest rate in…
Anxious global investors brace for long-awaited US election results
Election results could impact U.S. tax, trade policyInvestors wary of unclear or contested results fueling market volatilityTrump or…
IMF raises UK growth forecast, warns on debt as finance minister readies budget
IMF raises UK 2024 growth forecast to 1.1% from 0.7%UK must walk ‘narrow path’ to stop rise in…
IMF lifts US growth forecast but marks down China
US, Brazil, Britain growth forecasts for 2024 raisedForecasts for China, Japan, euro zone loweredWars, new trade conflicts pose…
Italy picked for 30 bln euro data centre project by a single group, minister says
MILAN, Oct 21 (Reuters) – Italy is the chosen location for a 30 billion euro ($33 billion) data…
Italy to present state-backed newco to produce nuclear reactors before year-end
MILAN, Oct 21 (Reuters) – Italy’s government will present a state-backed company that will build advanced nuclear reactors…