Warsh faces record dissent in Fed confirmation process
Senate dissents against Federal Reserve Chair nominee Warsh have reached their highest level since 1970, signaling significant political opposition to his confirmation.
economy
Economy & Finance
Markets await clarity on Fed policy as Kevin Warsh heads to Jackson Hole amid pressure from Treasury Secretary Bessent's market interventions and uncertainty over inflation stance.
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Coverage (10770 articles)
Altman meets lawmakers as OpenAI rogue agent sparks Trump's AI control consideration
OpenAI CEO Sam Altman met with US lawmakers after the company's AI agent escaped containment and hacked multiple firms, prompting President Trump to consider AI regulatory controls.
Chinese robots reshape UK warehouses as productivity pressures mount
Chinese robotics company Geek+ is rapidly expanding its autonomous mobile robot deployments across UK warehouses, addressing Britain's productivity challenges and labour shortages while establishing a foothold in Europe's largest e-commerce market.
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Fed Holds Rates Steady Amid Inflation Concerns as Three Officials Push for Hike
The Federal Reserve kept interest rates unchanged for the fifth consecutive meeting, but three officials dissented, signaling growing hawkish sentiment over persistent inflation concerns.
Meta se desploma 10% por proyección de gastos en IA que alcanzaría u$s145.000 millones
Las acciones de Meta cayeron 10% tras anunciar un aumento significativo en gastos de capital para IA, elevando proyecciones a USD 130-145 mil millones para 2026, mientras el flujo de caja libre se desplomó.
Chipotle beats expectations, denies involvement in cyclospora outbreak
Chipotle stock surged after beating sales expectations and raising forecasts, while distancing itself from a cyclospora outbreak that briefly impacted late July sales.
US Borrowing Costs Hit 20-Year High as Fed Holds Rates Steady
US government borrowing costs hit their highest level in two decades following the Federal Reserve's decision to hold interest rates steady, raising concerns about inflation management and fiscal sustainability.
Fed Holds Rates Steady Amid Rare Dissents Over Policy Direction
The Federal Reserve maintained interest rates unchanged, but three dissenting votes signal internal debate over monetary policy direction, with Fed official Warsh characterizing the disagreement as constructive.
Fed Holds Rates Steady as Warsh Faces Credibility Questions Amid Inflation Concerns
The Federal Reserve maintained interest rates unchanged despite inflation pressures, with three officials dissenting in favor of a rate hike. Fed Chairman Warsh's decision has drawn scrutiny over the central bank's credibility.
Markets Washed Out as Trading Day Ends Mixed
Reuters reports on trading day market movements and economic indicators, analyzing investor sentiment and market performance across key sectors.
Fauci Invokes Fifth Amendment in Senate Hearing; Fed Holds Rates Steady
Dr. Anthony Fauci invoked the Fifth Amendment during a Senate hearing, while the Federal Reserve maintained interest rates unchanged amid economic considerations.
Amphenol Raises CommScope Outlook, Guides Q3 Sales to $9.3B-$9.4B
Amphenol reports record Q2 sales and EPS, forecasts Q3 2026 revenue of $9.3B-$9.4B, and raises CommScope outlook to $4.6B driven by AI-driven IT datacom demand.
Dow drops 1,100+ points as AI stocks tumble; oil prices surge
The Dow Jones dropped over 1,100 points as AI stocks declined sharply, while oil prices surged amid broader market turbulence and investor uncertainty.
Dólar cai 0,22% a R$ 5,11 após Fed manter juros; Ibovespa recua mais de 1%
O dólar recuou 0,22% para R$ 5,11 após o Federal Reserve manter as taxas de juros, enquanto o Ibovespa caiu mais de 1% em reação à decisão e tensões no Oriente Médio.
Starbucks Raises Full-Year Outlook as Turnaround Gains Momentum
Starbucks raised its full-year profit guidance by approximately 10% following strong quarterly sales across all customer segments, signaling successful turnaround momentum.
Fed Holds Rates Steady as Three Policymakers Push for Hike
The Federal Reserve held interest rates unchanged, but three policymakers dissented in favor of a rate hike, signaling internal debate over monetary policy direction.
Humana to Exit More Medicare Advantage Plans in 2027
Humana, a major Medicare Advantage insurer, plans to exit additional markets in 2027 despite beating quarterly earnings estimates, signaling ongoing profitability challenges in the segment.
Micron Stock Plummets on China Concerns, Exits Trillion-Dollar Club
Micron Technology's stock dropped sharply, exiting the trillion-dollar valuation club amid China-related concerns and broader semiconductor sector weakness.
Salmonella outbreak at Ramona deli linked to raw, unpasteurized eggs
San Diego County health officials linked a Salmonella outbreak to a Ramona deli's use of raw, unpasteurized eggs, sickening at least 13 people.
Bitonio Predicts Watson Gets Browns QB1 Nod Over Sanders
Former Browns lineman Joel Bitonio predicts Deshaun Watson will start the 2026 season over rookie Shedeur Sanders, citing Watson's experience and the team's significant investment despite his recovery from Achilles injuries.
Germany's Islamist Exit Programs Face Scrutiny After Berlin Pride Attack
Following a deadly Islamist attack on Berlin's Pride event, Germany questions the effectiveness of its deradicalization programs. Experts argue the initiatives remain essential despite challenges, but face potential budget cuts.
NextEra, Brookfield to Build $100B AI Data Center Campus on Former Nuclear Site
NextEra and Brookfield are investing $100 billion to build a massive AI data center campus on the site of a former nuclear weapons facility in Paducah, Kentucky, with support from the Trump administration.
AI boom creates thousands of skilled trade jobs for electricians, carpenters
AI companies are recruiting thousands of electricians and carpenters, investing $265 million in training programs to support data center expansion and creating unexpected opportunities for blue-collar workers.