Tag: technology

Billionaire Ken Griffin says Trump's tariffs are a "huge mistake," creating "chaos" and hindering economic growth. The Citadel CEO also praises Musk's efforts to reduce government bureaucracy but has concerns about the new antitrust cops and uncertainties surrounding Trump's policies.

Published on: February 12, 2025, 12:03 PM UTC

Water regulator Ofwat is investigating Thames Water for potential breach of obligations due to delayed environmental protection schemes, putting the heavily indebted company at risk of penalties.

Published on: February 12, 2025, 11:03 AM UTC

U.S. stock index futures remain muted as investors await crucial inflation data, core inflation expected to ease to 3.1% year-on-year and Fed Chair Jerome Powell's testimony.

Published on: February 12, 2025, 11:00 AM UTC

US stock futures remain steady ahead of the release of January's inflation report, which will provide insights into the Federal Reserve's interest rate plans.

Published on: February 12, 2025, 10:01 AM UTC

Malaysia's central bank is ready to manage excessive moves in the ringgit, expecting inflows by state-linked firms and economic prospects to support the currency in the long term.

Published on: February 12, 2025, 08:01 AM UTC

Wall Street bigwig Ken Griffin is not happy with Trump's trade policies. Griffin says the 'bombastic rhetoric' and 'uncertainty' created by the tariffs are an 'impediment to growth.'

Published on: February 12, 2025, 06:02 AM UTC

January's Consumer Price Index (CPI) report is expected to show headline inflation at 2.9%, matching December's annual gain and a slight deceleration in monthly increases. Core inflation, excluding food and gas, is seen at 3.1%, the lowest since April 2021, but core services are forecast to tick higher. The report will be closely watched for any impact from Donald Trump's presidency and his protectionist trade policies on inflation expectations.

Published on: February 12, 2025, 06:01 AM UTC

Oil prices steady as industry report shows large increase in US crude stockpiles, market awaits further trade actions from Trump.

Published on: February 12, 2025, 03:02 AM UTC

President Trump is nominating Brian Quintenz, the head of policy at Andreessen Horowitz's a16z crypto arm, to lead the Commodity Futures Trading Commission. Quintenz served as a Republican commissioner at the CFTC during the first Trump administration before joining the venture capital firm.

Published on: February 12, 2025, 03:01 AM UTC

Temu is shifting to a "half-custody" framework in response to Trump's tariffs, which threatens to increase prices on the budget shopping app as merchants lose economies of scale and incur higher delivery costs. The shift may also result in fewer Chinese suppliers selling on the platform, especially smaller merchants unable to command favorable shipping rates or devote resources to managing logistics.

Published on: February 12, 2025, 03:00 AM UTC