“Tech Giant Could Replace Workers With AI” — Report
International Business Machines Corporation (IBM) expects to cut nearly 8,000 jobs in the coming years and replace them with AI, the CEO of the US tech giant, Arvind Krishna, has…
⚡️Fed hikes rates by 25 bps as expected
The US Federal Reserve raised interest rates by a quarter of a percentage point as expected, bringing the benchmark funds rate to 5-5.25%, the highest since August 2007. That said,…
Why Market Says Fed’s Higher-For-Longer Is Fantasy
Authored by Simon White, Bloomberg macro strategist, The Federal Reserve will be unable to keep rates at their peak for long, according to the clear message coming from the front…