By Richard Cowan WASHINGTON (Reuters) – Democrat Hakeem Jeffries could be poised to wield more power than a minority leader typically enjoys in the U.S. House of Representatives, with President-elect…
Investing
Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025
(Reuters) -Microsoft is planning to spend $80 billion in fiscal 2025 on the construction of data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the…
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs…
By Michael S. Derby (Reuters) – Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what the economy will deliver in 2025 and will…
Fed’s Barkin sees positive outlook for U.S. economy despite policy uncertainties
Investing.com — The U.S. economy is expected to grow more than it shrinks in 2025, despite uncertainties about the impact of trade and other policies that may be implemented by…
Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says
By Howard Schneider BALTIMORE (Reuters) -The U.S. central bank’s benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal…
Hong Kong budget deficit to be just under HK$100 billion, financial chief says
HONG KONG (Reuters) – Hong Kong’s deficit for this fiscal year is expected to be just below HK$100 billion ($13 billion), the city’s finance chief said on Saturday. The government…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perched at a two-year high against…
Investing.com — Turkey experienced a larger-than-expected decrease in inflation last month, falling to 44.4% from 47.1% in November. The inflation decline was more than both our own and the LSEG…
LONDON (Reuters) – Britain’s latest plan to overhaul increasingly costly care for older and disabled adults will not be delivered until 2028 at the earliest, the government said on Friday,…