Fed made ‘mistake’ slashing rates by half a point: Larry Summers

Fed made ‘mistake’ slashing rates by half a point: Larry Summers

Former US Treasury Secretary Larry Summers says September’s better-than-expected jobs report shows the Federal Reserve’s half-point rate cut was “a mistake.” Following the Labor Department’s report that employers added 254,000 jobs in September – well above the 140,000 gain that was predicted by LSEG economists – and the unemployment rate declined slightly from a month ago to 4.1%, Summers … Read more

Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout

Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout

LOS ANGELES — Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker. Bloomberg news reported that Tencent and Guillemot family — minority stakeholders in Ubisoft — have been discussing ways to stabilize the company after it lost more than … Read more

Bills WR Khalil Shakir, DT Austin Johnson and safety Taylor Rapp ruled out against Texans

Bills WR Khalil Shakir, DT Austin Johnson and safety Taylor Rapp ruled out against Texans

Buffalo Bills wide receiver Khalil Shakir (10) runs past Jacksonville Jaguars cornerback De’Antre Prince (24) to score a touchdown during the first half of an NFL football game Monday, Sept. 23, 2024, in Orchard Park, NY. (AP Photo/Steven Senne) Arizona Cardinals quarterback Kyler Murray (1) throws the ball as Cardinals guard Will Hernandez (76) blocks … Read more

I lost my job due to Al Fayed

I lost my job due to Al Fayed

A long-serving former Harrods executive has claimed that his offer to become boss of the department store chain Fenwick was withdrawn because of his time working under Mohamed Al Fayed. Al Fayed, who owned the luxury London store for more than two decades, has been accused of sexual assault or rape by more than 20 … Read more

Cisco to invest in AI startup CoreWeave

Cisco to invest in AI startup CoreWeave

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email TechCheck CNBC’s Deirdre Bosa joins ‘Money Movers’ to report on Cisco leaning into AI and investing in startup CoreWeave. 04:52 3 hours ago Deirdre Bosa Source link