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Powell warns shutdown is clouding Fed’s view of the economy: 'Driving in the fog'

Powell warns shutdown is clouding Fed’s view of the economy: 'Driving in the fog'

Federal Reserve Chairman Jerome Powell said that a lack of key data due to the government shutdown will cause the central bank to be cautious until it has a clearer view of the economy.

  • FOX Business FOX Business
  • 3 saat, 44 dakika
Powell says that, unlike the dot-com boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

Powell says that, unlike the dot-com boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

  • FORTUNE FORTUNE
  • 3 saat, 44 dakika
Why Most Startups Fail and How Serial Entrepreneurs Beat the Odds

Why Most Startups Fail and How Serial Entrepreneurs Beat the Odds

Over 90% of startups fail, but the secret habits of serial entrepreneurs help them beat the odds.

  • Entrepreneur Entrepreneur
  • 3 saat, 48 dakika
Trump isn’t canceling travel, golf, or his ballroom, even with the government shuttered and 750,000 furloughed federal employees

Trump isn’t canceling travel, golf, or his ballroom, even with the government shuttered and 750,000 furloughed federal employees

Only 32% of the staff in the Executive Office of the President were set to be furloughed during the current shutdown, according to data from the White House budget office.

  • FORTUNE FORTUNE
  • 3 saat, 58 dakika
Microsoft Increases Investments Amid A.I. Race

Microsoft Increases Investments Amid A.I. Race

The company reported that it spent a higher-than-expected $34.9 billion in capital expenditures during its quarter.

  • NYT Business NYT Business
  • 4 saat, 10 dakika
Vance says 1.3 million U.S. troops will be paid at the end of the week as pressure mounts for Democrats to end the shutdown

Vance says 1.3 million U.S. troops will be paid at the end of the week as pressure mounts for Democrats to end the shutdown

“We do think that we can continue paying the troops, at least for now,” Vance told reporters on Tuesday.

  • FORTUNE FORTUNE
  • 4 saat, 41 dakika
F.D.A. Moves to Speed Approvals for Cheaper Copycat Drugs

F.D.A. Moves to Speed Approvals for Cheaper Copycat Drugs

The agency announced moves to cut regulatory obstacles for the makers of biosimilar drugs, which are akin to generics and may help lower drug costs.

  • NYT Business NYT Business
  • 4 saat, 41 dakika
Nvidia Becomes the First Company to Reach a $5 Trillion Market Value, Leaving Apple and Microsoft in the Dust

Nvidia Becomes the First Company to Reach a $5 Trillion Market Value, Leaving Apple and Microsoft in the Dust

Nvidia's market capitalization surpasses the combined value of competitors like AMD and Intel.

  • Entrepreneur Entrepreneur
  • 4 saat, 42 dakika
Mormon women are lining up to purchase new $5 ‘sacred’ garments that symbolize a turning point for the church

Mormon women are lining up to purchase new $5 ‘sacred’ garments that symbolize a turning point for the church

“The goal here was to ensure that people are comfortable as they fulfill this aspect of their religion," former professor of Mormon Studies says

  • FORTUNE FORTUNE
  • 4 saat, 43 dakika
Exclusive: Mastercard poised to acquire crypto startup Zerohash for nearly $2 billion, sources say

Exclusive: Mastercard poised to acquire crypto startup Zerohash for nearly $2 billion, sources say

The move to acquire the crypto company comes after Mastercard was in talks to acquire another stablecoin startup BVNK for around $2 billion.

  • FORTUNE FORTUNE
  • 5 saat, 4 dakika
Candy bars recalled days before Halloween over 'life-threatening' allergen risk

Candy bars recalled days before Halloween over 'life-threatening' allergen risk

Peanut Butter Crush and Ca$hew Cow bars are being recalled by Zingerman’s Candy Manufactory after the potential presence of undeclared peanuts and cashews.

  • FOX Business FOX Business
  • 5 saat, 9 dakika
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’

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’

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

  • FORTUNE FORTUNE
  • 5 saat, 39 dakika
Trump’s decision to sail aircraft carrier to South America will leave the Mideast and Europe with none during a fragile ceasefire between Israel and Hamas

Trump’s decision to sail aircraft carrier to South America will leave the Mideast and Europe with none during a fragile ceasefire between Israel and Hamas

The U.S. joined Israeli strikes on Iran in June and has engaged in some of the most intense combat operations since World War II against Yemen's Houthi rebels in the Red Sea.

  • FORTUNE FORTUNE
  • 5 saat, 44 dakika
Nigeria’s 91-year-old Nobel laureate says his visa was revoked after criticizing Trump

Nigeria’s 91-year-old Nobel laureate says his visa was revoked after criticizing Trump

Wole Soyinka won the Nobel Prize in Literature in 1986, becoming the first African to do so.

  • FORTUNE FORTUNE
  • 5 saat, 51 dakika
‘Mr. Vedam, where were you born?’: A man who spent 43 years in prison before his conviction was thrown out now faces deportation

‘Mr. Vedam, where were you born?’: A man who spent 43 years in prison before his conviction was thrown out now faces deportation

Instead of returning to his family, Vedam was instead taken into federal custody over a 1999 deportation order.

  • FORTUNE FORTUNE
  • 5 saat, 54 dakika
Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies

Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies

The move benefits the Serbian politician Milorad Dodik, who had received support from Rudolph W. Giuliani, Michael T. Flynn, Laura Loomer and high-priced lobbyists.

  • NYT Business NYT Business
  • 5 saat, 59 dakika
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