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Steve Grasso, CEO of Grasso Global, Peter Tchir, Head of Macro Strategy at Academy Securities, and Jose Torres, Senior ...

AI-driven spending is boosting demand, adding to inflation concerns and fueling debate over whether the Federal Reserve may need higher interest rates.

Artificial intelligence is “juicing up” inflation rather than delivering the cost savings many had anticipated, according to Mark Zandi, chief economist at Moody's Analytics. In an interview with CNBC ...

Federal Reserve Chair Kevin Warsh is testifying before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday, where he may receive questions about inflation ...

Last week, Apple apologized to the public for what it was about to do. “We have never seen a component price increase this much, this quickly,” the company said in a statement, referring to the rising ...

Welcome to Transformer, your weekly briefing of what matters in AI. And if you’ve been forwarded this email, click here to subscribe and receive future editions. OpenAI got clearance from the US ...

Oil prices are tumbling now that the Strait of Hormuz is open, potentially averting a continued rise that could have led to broader, more persistent inflation. But as energy prices plunge, the Federal ...

The price of gasoline was still a big driver of inflation in May, though in recent weeks, gasoline prices have dropped as crude oil prices have plunged. The “core services” PCE price index jumped by 0 ...

WASHINGTON (AP) — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in data centers — likely topping $700 billion this year — to ...

Futures rose ahead of CPI inflation data. Nvidia partners Lumentum, CoreWeave, Super Micro jumped on earnings, lifting AI ...