Singapore, Zurich world’s most expensive cities – EIU
Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it…
Dollar drifts near three-month low, focus on inflation data
The dollar was rooted near a three-month low on Thursday and was set to post its steepest monthly decline in a year as investors ramped up bets that the Federal Reserve is…
Oil prices fall on weak demand indicators, China data
Oil prices fell in early Asian trade on Thursday on weaker-than-expected Chinese manufacturing data, but investors maintained caution ahead of an OPEC+ meeting where production cuts are expected. Brent crude futures fell…
Fed’s Barkin says rate hikes are still on the table if inflation doesn’t continue to ease
Richmond Federal Reserve President Thomas Barkin said Wednesday that policymakers need to retain the option of raising interest rates if inflation doesn’t show enough progress coming down. Markets largely expect…
How Munger and Buffett’s 60-year partnership was so special: ‘Charlie and I have never had an argument’
Charlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped forge one of the most successful conglomerates in history.It was a special relationship. At age 35, Munger was…
Americans are ‘doom spending’ — here’s why that’s a problem
Consumer spending has remained remarkably resilient in the face of some stiff economic headwinds. Nearly all Americans, 96%, are concerned about the current state of the economy, according to a recent report by…
OPEC+ oil producers head into meeting with quota unease and geopolitical risks casting a shadow
The influential Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, convene to decide next production policy steps on Thursday, in a postponed virtual meeting overshadowed by…
Here’s what it would take for the Fed to start slashing interest rates in 2024
Interest rate cuts don’t happen during good times, something important for markets to remember amid hotly anticipated easing next year from the Federal Reserve. If the Fed meets market expectations…
Microsoft secures non-voting board seat at OpenAI
Microsoft will have a non-voting board seat at OpenAI, the company announced on Wednesday. The move quells some of the remaining questions about Microsoft’s interest in the startup after a turbulent month…
Australia walks a tight rope on trade with China as security concerns mount
Australia’s relationship with China remains fractious even as the country seeks to mend ties with its largest trading partner. The previous Australian government’s support for an international inquiry into China’s handling of…
