WASHINGTON (Reuters) – The United States on Friday issued fresh cybersecurity sanctions against Integrity Technology Group, a Chinese company involved in computer programming, a posting on the Treasury Department website…
Investing
Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs
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By Nell Mackenzie LONDON (Reuters) – Global hedge funds taking long and short bets on stocks last year sported their highest average returns since 2020, Goldman Sachs said in a…
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US regulator warned banks on crypto but did not order halt to business, documents show
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By Pete Schroeder and Douglas Gillison WASHINGTON (Reuters) – A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them…
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…
Investing
Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025
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(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…
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Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says
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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…
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Fed’s Barkin sees positive outlook for U.S. economy despite policy uncertainties
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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…
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…
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Hong Kong budget deficit to be just under HK$100 billion, financial chief says
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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…
WASHINGTON (Reuters) – The FBI said on Friday that the suspect in the Tesla (NASDAQ:TSLA) Cybertruck that exploded outside the Trump International Hotel in Las Vegas had no animosity towards…