Opinion | Why Jeff Bezos’ Tax Rate Is Lower Than Yours

April 15 was, as you may know, tax day here in the US. If you’re a normal American, you make money through wages. Probably not your favorite day of the…

Fed ‘rate check’ triggered a freefall in the U.S. dollar and investors fled into gold

The U.S. dollar has been in relative free fall since late Friday after it emerged that the New York Federal Reserve had conducted a rare “rate check” with currency traders…

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’

Federal Reserve Chair Jerome Powell cautioned markets on Wednesday not to assume another rate cut is guaranteed in December, saying the Fed governors had “strongly differing” views on how to…

Companies like OpenAI are sucking up power at a historic rate. One startup thinks it has found a way to take pressure off the grid

The numbers are nothing short of staggering. Take Sam Altman, Open AI’s CEO. He reportedly wants 250 gigawatts of new electricity—equal to about half of Europe’s all-time peak load—to run…

Is Iran running out of missiles? Its rate of attack on Israel is already slowing down, think tank says

Iran has launched hundreds of missiles at Israel in response to its expansive air strikes, though not as many as expected. Meanwhile, Israel has targeted Iran’s missiles as well as…

Fed rate cuts are already over as focus shifts to hikes: BofA

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Fed rate cuts: ‘There’s a strong case’ to ease before next meeting

Wall Street has ramped up forecasts on how much the Federal Reserve will cut interest rates after the disappointing July jobs report raised fears of a recession, and a JPMorgan…

Fed rate cut: Jerome Powell is about to drop a huge hint

Federal Reserve officials are on the verge of lowering borrowing costs within months, a move Chair Jerome Powell may signal in the coming week as the risks grow of imperiling…