Economy

David Tepper’s big bet after the Fed rate cut was to buy ‘everything’ related to China

Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve’s rate cut was to buy Chinese…

Chairman of property firm Damac expresses concerns over ‘expensive’ Dubai

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track…

CPI inflation report August 2024:

Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that also…

Stocks making the biggest moves midday: MU, SMCI, LUV

Check out the companies making headlines in midday trading. Micron Technology , chip stocks — Shares surged nearly 15% after…

U.S. Latino economic output grows to $3.6 trillion, new report finds

Miami Beach, Florida, Cafe Sazon, Cuban flag with seniors at table.  Jeff Greenberg | Universal Images Group | Getty Images…

Wholesale prices rose 0.2%, in line with expectations

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets…

Interest payments on the national debt top $1 trillion as deficit swells

A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. …

OpenAI’s CFO says funding round should close by next week in letter

OpenAI’s Sora AI tool allows users to create AI-generated videos from text-based inputs. Costfoto | Nurphoto | Getty Images OpenAI…

Inflation is slowing but the Fed’s next move is still up in the air

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market…

Stocks making the biggest moves midday: WYNN, RKLB, SAVA

Check out the companies making headlines in midday trading: Bristol-Myers Squibb — The drug maker jumped 1.6% after the U.S.…