CNA Economy Full text
Trump had urged Jensen Huang to fight for his job, New York Times reports
Chief Financial Officer Colette Kress will take over as interim CEO. Jensen Huang, who co-founded Nvidia, will not remain on the board.
The Wire
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Economy — 3,810 stories
The Guardian Economy
Thanks to American oligarchy, Jensen Huang’s midlife crisis is a problem for all of us | Moira Donegan
At a time when individual men wield massive power, the ramifications of the Nvidia CEO’s affair could be enormous One of the reasons you want to distribute power and responsibility in powerful organizations and…
Euronews Economy
New aviation deals raise flight limits between China and Central Asia
Uzbekistan and Kazakhstan agreed to higher weekly flight limits with Beijing, while a separate agreement allows more services between Tashkent, Almaty and Astana. Airlines are also exploring new regional routes…
BBC News Economy
Robot vessels take on the dangerous work of mine hunting
The conflict in the Gulf is an opportunity for the US to test its autonomous mine-hunting systems.
PBS News Economy Full text
What to know about a better-than-expected jobs report amid AI bubble concerns
Employers added 165,000 new jobs in October, according to a new government report. Job gains for August and September were revised upward as well, by a combined 84,000 jobs. That makes the last three months of the job market look better…
NBER Economy Full text
The Impact of Climate Change on Fisheries -- by Fabio Cevenini, Christopher Costello, Carlo Fezzi
This paper provides the first causal estimate of the effect of ocean temperature variations on fishing revenue. We develop a simple theoretical model underpinning an empirical specification estimated on 2.5 million…
Federal Reserve Board Economy Full text
FEDS Note: Assessing Monetary Policy Globally: Evidence from LLMs and Semi-structural Models
WanTing Xu and Diego Vilán Over the past decades, central bank communication has become an increasingly important component of modern monetary policy frameworks. Policy rates, asset purchases, and balance-sheet tools…
CNBC Economy Full text
Why Japan’s markets flipped the usual script after central bank rate hike
The yen weakened past 157 against the dollar, the yield on the 10-year Japanese Government Bond slipped, while the Nikkei 225 gained 1.5%.
CNA Economy Full text
Samsung in talks to buy data center cooling firm Modine, Bloomberg News reports
Samsung is in talks to acquire Modine Manufacturing, a US-listed maker of cooling systems for data centres, Bloomberg News reported on Thursday (Nov 12), citing people familiar with the matter. The companies are discussing a potential deal…
The Guardian Economy
Metro Bank up for sale, with billionaire investor in line for £420m windfall
Shares up 7% after announcement as Jaime Gilinski Bacal seeks exit three years after helping to rescue bank Metro Bank is putting itself up for sale three years after its near-collapse, in a move that could hand a £420m…
Euronews Economy Full text
Markets fluctuate as US rate worries temper tech bounce
Ahead of European markets opening on Wednesday, Asian stocks diverged as renewed optimism over the AI trade was offset by forecast-topping US inflation data and the prospect of a bumper interest rate hike next month.
BBC News Economy
Christmas toy rush being driven by squishies and building sets
A bumper year so far for toy sales comes as debate intensifies over screen time and tech connectivity.
PBS News Economy Full text
U.S. continues to generate jobs, yet inflation is eroding Americans' spending power
U.S. employers created a surprising 165,000 new jobs last month, and the unemployment rate dipped to 4.1%.
NBER Economy Full text
Peer Influence in College Applications -- by Ana M. Gazmuri, Elena Prager
This paper studies how exposure to peers affects college application behavior. We use neighbors who attend different high schools to mitigate concerns about common shocks. Using granular classroom-level data, we find…
Federal Reserve Board Economy Full text
FEDS Note: Informal Support Networks in the Survey of Consumer Finances
Aditya Aladangady, Jesse Bricker, Andrew C. Chang, Sarena Goodman, and Gina Li, with assistance from Jack Duncan Informal support networks, the interpersonal connections through which families provide or receive…
CNBC Economy Full text
Consumer outlook plunges in September as inflation outlook worsens
The survey's headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.
CNA Economy Full text
Nscale expects 14-fold revenue surge in amended IPO filing
Nov 12 : Nscale, a British cloud provider backed by chip giant Nvidia, amended its initial public offering filing on Thursday and said it expects revenue to jump 1,344 per cent in the first nine months of the year. Here are more details: •…
The Guardian Economy
AI helped UK defy expectations – but will economy’s resilience fizzle out?
Despite John Healey’s defiance, the economy faces threats from a tech slowdown and energy bills this winter AI helps UK economy grow at fastest pace for more than two years The forecasters were clear when John Healey…
Euronews Economy
Inside Anthropic’s blockbuster IPO: What we know about the AI giant’s plans
Anthropic plans to raise up to $64 billion (€57.1bn) in its upcoming initial public offering, the artificial intelligence giant said in a filing on Tuesday, in a listing that could value the company at up to $1.4…
BBC News Economy Full text
Poundland gets more time to secure a rescue deal as emergency talks continue
The BBC understands the discount chain, which has been edging towards administration, will be given more time to find a buyer.
PBS News Economy Full text
More than a dozen flights in Europe receive bomb threats that an official calls 'malicious' hoaxes
No hazardous or suspicious materials have been found in what a British official called “malicious" hoaxes.
NBER Economy Full text
Policy Deterrence: Strategic Investment in U.S. Broadband -- by Karam Kang, Mo Xiao
Can firms influence policy through investment? Using 2010--2019 U.S. broadband deployment and state policy data, we find that large internet service providers expand capacity more in electorally competitive counties…
Federal Reserve Board Economy Full text
FEDS Note: Heterogeneity in the Marginal Propensity to Consume among U.S. Households
Aditya Aladangady, Jesse Bricker, Andrew C. Chang, Sarena Goodman, and Gina Li, with assistance from Payton Crawford Precise estimates of marginal propensities to consume (MPCs) are central to understanding economic…
CNBC Economy Full text
Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
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