The granddaughter of Holocaust survivor and international best-selling author Eddie Jaku says he would be the “most haunted man on earth” if he were alive to have seen the rise in antisemitism over the past three years, believing it would’ve reminded him of his life in Nazi Germany before he fled for Australia. Eddie Jaku
Two major events are likely to drive financial markets this week: Nvidia’s second-quarter earnings report and the Fed’s annual Jackson Hole Economic Symposium. Before diving into each of those, let’s take a step back and look at the bigger picture. Perhaps the biggest development in markets over the last week has been the surge in
WASHINGTON — Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed. The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported
TOKYO — Global shares were mostly higher on Thursday, powered by gains for AI-related stocks including computer chips. France’s CAC 40 edged up 0.1% in early trading to 8,685.40, while the German DAX added 0.4% to 26,445.93. Britain’s FTSE 100 shed 0.4% to 10,791.07. U.S. shares were set to drift moderately higher with Dow futures
US prices rose 3.4% in the year to July, slightly lower than the 3.5% in the year to June, new figures show. Month to month, inflation rose 0.1%, mainly due to an increase in housing costs, the Bureau of Labor Statistics said. Even small moves in rent can lift the overall headline figure as it
Scott Bessent has some good news for consumers this morning: The K-shaped economy is officially over! Consumers on the lower end of the income spectrum are no longer being left behind by their richer counterparts, he insists. The Treasury Secretary said he is “sick of hearing about this K-shaped economy,” during a CNBC interview yesterday,