ijeab/iStock via Getty Images IGM Financial (OTCPK:IGIFF) (TSX:IGM:CA) said on Friday that the Canadian asset manager’s outflows increased in June on the back of the country’s recent tax policy changes. “IGM Financial experienced heightened investment fund gross sales, redemptions and heightened positive other net flows due to clients strategically triggeringContinue Reading
anyaberkut/iStock via Getty Images Meta Platform’s (NASDAQ:META) privacy policy for use of personal data to train generative artificial intelligence models was suspended by Brazilian regulators, according to a report Tuesday by Reuters. Brazil’s National Data Protection Authority has placed a hold in the country on the processing of personal dataContinue Reading
kodda The U.S. Supreme Court issued two highly consequential decisions this week that upended the government regulatory framework in place for decades, with ramifications for environmental and energy policy. First, the Supreme Court discarded a 1984 precedent from the case Chevron v. Natural Resources Defense Council, which had provided significantContinue Reading
fstockfoto Friday’s inflation data suggests that monetary policy is having the desired effect; however, it remains too soon to determine whether reducing borrowing costs is appropriate, said Federal Reserve Bank of San Francisco President Mary Daly. Speaking to CNBC, Daly noted that growth, spending, inflation, and labor all are slowing.Continue Reading
MF3d/E+ via Getty Images The U.S. government’s ban on the export of high-quality chips used for artificial intelligence applications to China is limiting sector growth in the PRC, according to a report by The Information. Chinese tech firms are placing restrictions on the number of users with access to generativeContinue Reading
Grandbrothers/iStock Editorial via Getty Images Chicago Federal Reserve President Austan Goolsbee said evidence that inflation continues to cool alongside more signs of economic softening should set up the central bank to reconsider if monetary policy is too tight. Goolsbee expressed that view Monday in a CNBC interview. Earlier this month,Continue Reading
