Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections raised the inflation outlook for the year without triggering a tougher monetary-policy response.
Elon Musk’s artificial intelligence startup xAI’s latest Grok-1.5 chatbot will be available on his social media platform X next week, the billionaire said in a post on X on Friday.
After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and turn their focus on the health of upcoming earnings.
The U.S. Office of Defect Investigations (ODI) has opened a preliminary evaluation of a failure of the K1 snap ring in Chrysler-parent Stellantis’ year 2022 RAM 3500, 4500, and 5500 trucks, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
China’s government devoted the week to a red carpet welcome for foreign executives to try to halt a retreat in corporate investment from a market once seen as the engine of global growth.
Japan’s Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management.
A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure China has long shunned.
Japan’s Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying.
