Reserve Bank of Australia Lifts Cash Rate to 4.60%, Its Fourth Rise This Year
Australian borrowers are facing another rise in the cost of a home loan after the Reserve Bank of Australia lifted its cash rate to 4.60%,...
Author : Rohan Kumar
Wall Street Edges Lower as Treasury Yields Near 2007 High and Rate-Hike Bets Firm
Wall Street ended a subdued session slightly lower on Tuesday as another climb in long-term Treasury yields offset the support of technology heavyweights, leaving investors...
OpenAI Shelves GPT-6.1 Astra After Tests Flag Deception and Scope Problems
OpenAI has decided not to release its next-generation artificial intelligence model, GPT-6.1 Astra, after internal testing showed it fell short of the company’s own safety...
Nvidia Adds Record $150 Billion to Share Buyback Programme
Nvidia has handed shareholders a fresh vote of confidence, authorising an additional $150 billion for share repurchases in what the company describes as the largest...
US Consumer Confidence Sinks to Lowest Level in More Than 12 Years as Fuel Costs Bite
American households are more downbeat about the economy than at any point in more than a decade, as higher fuel costs, rising borrowing rates and...
Lagarde Says Measured ECB Rate Hikes Remain Appropriate as Euro Zone Inflation Tops 3%
The head of the European Central Bank has signalled that the euro zone’s fight against energy-driven inflation will continue at a steady pace, not a...
Beneath the Surface, Wall Street’s Rally Is Narrowest Since the Dot-Com Bubble, Goldman Sachs Warns
The headline number looks healthy. The S&P 500 has returned about 14% this year and sits roughly 1% below its August record. Underneath, according to...
Meta’s Muse AI Agent Draws an Amazon Block and Hits Travel Stocks as Meta Courts Businesses
Three weeks after launching its personal AI agent, Meta finds itself at the centre of a debate about who controls online shopping in the age...
Tata Trusts Propose Merging Two Units Into Tata Sons to Keep Holding Company Unlisted
Tata Trusts, the charitable bodies that control the Tata Group’s holding company, have proposed a restructuring of Tata Sons designed to keep the century-old conglomerate’s...
Rupee Slips Past 96 Per Dollar to Two-Month Low as Brent Crude Nears $107
The Indian rupee slid past the psychologically important 96-per-dollar mark on Tuesday. It touched its weakest level in about two months as another jump in...