Mesut Dogan/iStock via Getty Images St. Louis Fed President Alberto Musalem said Thursday that June’s cooler-than-forecast Consumer Price Index report points to “encouraging further progress” on the disinflation front. Earlier, the Bureau of Labor Statistics posted its monthly update on the widely-watched CPI, which delivered encouraging news to the FederalContinue Reading
Chris Hondros/Getty Images News Citigroup (NYSE:C) was ordered to pay $135.6M to two U.S. regulators for failing to make sufficient progress in remediating problems with data quality management, the Federal Reserve Board and the Office of the Comptroller of the Currency said on Wednesday. The bank was fined for violatingContinue Reading
Responsible AI is a longstanding commitment at Amazon. From the outset, we have prioritized responsible AI innovation by embedding safety, fairness, robustness, security, and privacy into our development processes and educating our employees. We strive to make our customers’ lives better while also establishing and implementing the necessary safeguards toContinue Reading
Ralf Hahn The holiday-shortened trading week fared better for electric vehicle makers NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV), compared to the broader market, as the Chinese start-ups posted double-digit growth in sales numbers for June. For the week, NIO, Li Auto, and XPeng rose 11.06%, 14.43%, 8.05%, respectively,Continue Reading
