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Who Controls the Critical Minerals Powering AI? Mapped: Where U.S. Jobs Are Most Exposed to AI Ranked: The 10 Youngest U.S. Billionaires on the Forbes 400 These Data Centers Could Use More Power Than Major Cities Ranked: The World’s 30 Largest Banks in 2026 The Credit…
Persistent cost-of-living challenges continue to weigh on U.S. consumer sentiment, according to the University of Michigan. Various surveys show that renewed price pressures this year, driven mainly by the war in Iran, have fueled Americans’ downbeat views of current economic conditions.
The Fed and ECB are likely to hold rates steady in October, while keeping December hikes on the table. Read more here. - The Fed and ECB are likely to hold rates steady in October, while keeping December hikes on the…
Record interest rates on auto loans and credit cards also drive consumer delinquenciesBy Charlene Crowell As consumers continue to struggle with still-rising costs of living, new research proves that rising household debt levels are as much a cause for concern…
Dollar Tree and Dollar General shares are bleeding out at a pace several times worse than the broader retail sector, and neither company has said a word to explain it. With the holiday season approaching and core shoppers already strained,…
Airline analysts tell Forbes they see both higher jet fuel prices on the horizon and softening demand from consumers—two forces that could continue to squeeze airlines into 2027. The price of jet fuel was $4.90 per gallon on Thursday, the equivalent…
British prime minister Theresa May survived a no-confidence vote called by her own Conservative Party last week in the battle over Brexit. “We now need to get on with the job of delivering Brexit to the British people and building…
KENYA · PUBLIC DEBT Kenya’s World Bank debt has passed Sh2 trillion (about US$15.4 billion) for the first time, Business Daily reported on Wednesday 21 October. The Treasury data put the World Bank debt at Sh2.045 trillion (about US$15.7 billion) at the end of…
Bank of India expects its global net interest margin (NIM) to rise to around 2.55% in the second half of fiscal year 2027 (FY27) from 2.47% in the September quarter, as lending rates reprice faster than deposit costs following the Reserve Bank of India’s…
Updated on: April 4, 2025 / 12:51 PM EDT / CBS/AFP Maseru, Lesotho — President Trump in March described Lesotho as a place "nobody has ever heard of," and then this week he hit the tiny African kingdom with the highest of his "reciprocal" trade…