Powell Says A Fed Hike Is 'Unlikely' But Wait For Cuts Will Take Longer
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Pretty much every tech company has been investing in generative AI for the past two years, and Apple is rumored to finally bring new AI-based tools to iPhone users soon with iOS 18. However, the costs of operating such tools are quite high, and Meta has just confirmed that it will take years for the company to make money from AI. more
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Japan top currency diplomat says will take appropriate action against excessive FX moves
Speculative, rapid and abnormal FX moves have had bad impact on the economySuch moves are unacceptableNo specific level in mind on an appropriate level for exchange rateWill only disclose if there was FX intervention at the end of MayThey will only report it every four weeks, so the next round of data will not feature today's flows. As such, we'll have to wait until the end of next month when the BOJ/MOF releases it. USD/JPY is still trading down 1.5% on the day at 155.85, but at least off its...
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Sonic The Hedgehog 3 Will "Take A Lot From Sonic Adventure 2", Says Producer
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