Andrew Bailey said second-round effects of wage growth and price setting were “unlikely to go away as quickly as they appeared.”Story Published at: May 18, 2023 at 06:08AM
Bank of England governor says the UK is facing a wage-price spiral
This trader’s got the ‘perfect’ job for full-time travel — and he’s teaching others how to do it
Boat life, van life, backpacking, motorhomes — Patrick Schulte says he’s done it all. Now he’s teaching others how to trade to live a life of constant travel.Story Published at: May 18, 2023 at 05:27AM
Goldman Sachs says A.I. could push S&P 500 profits up by 30% in the next decade
Productivity gains driven by artificial intelligence is a real source of optimism for future earnings growth among S&P 500 companies, Goldman Sachs says. Story Published at: May 18, 2023 at 04:50AM
Wildfires burn millions of acres in Canada, send oil prices higher
The wildfires have burned about 478,000 hectares, or 1,800 square miles, across Alberta, British Columbia and Saskatchewan as of Monday.Story Published at: May 17, 2023 at 09:45PM
Twitter’s top users are posting less since Musk takeover last year, Pew Survey shows
A new survey from Pew Research Center shows that the most active Twitter users are posting less frequently than they have in the past.Story Published at: May 18, 2023 at 12:27AM
Biden, McCarthy say U.S. won’t default as debt talks inch forward
Leaders are running out of time to raise the debt ceiling before a June 1 deadline when the government is set to run out of money. Story Published at: May 17, 2023 at 09:36PM
China walks a tightrope, searching for a Ukraine peace deal that doesn’t defeat its ally Russia
China’s bid to position itself as a peace broker when it comes to Ukraine and Russia presents a “daunting challenge” for Beijing, political analysts say.Story Published at: May 18, 2023 at 12:22AM
Microsoft CEO Nadella talks concerns around A.I. and its impact on jobs, education
Microsoft CEO Satya Nadella discussed AI in a wide-ranging interview with CNBC’s Andrew Ross Sorkin Tuesday.Story Published at: May 17, 2023 at 05:28PM
Amazon’s Alexa head says company is ‘at the forefront of A.I.’ as chatbots explode
Rohit Prasad, Amazon’s senior vice president and head scientist for Alexa, said the e-retailer will be a major player in generative AI.Story Published at: May 17, 2023 at 03:16PM
Dutch claim international first as North Sea offshore wind farms powered down to protect migratory birds
The shutdown lasted four hours and is part of a pilot project. Story Published at: May 17, 2023 at 02:35PM