Economy · 19 d ago
Fed chair Kevin Warsh calls AI the defining change of his lifetime for the economy
"The advent of this new technology is probably the most defining change for the American and world economy in my whole life."
Economy
253 stories
The economy and business in short stories.
Economy · 19 d ago
Jakarta
Indonesia
Indonesian stocks plunge as MSCI moves to drop its emerging-market status
The Jakarta Composite Index fell 11.1 per cent on Friday, its heaviest fall since early 1998, after an 8 per cent drop at the open forced a trading halt.
Economy · 19 d ago
Ka23 13 · CC BY 4.0 · Wikimedia Commons
Reliance welcomes Starlink to India after Musk's criticism
Elon Musk said this month that certain oligarchs were blocking Starlink in India, then asked whether Mukesh Ambani, chairman of Reliance Industries, was the real boss of India.
Economy · 19 d ago
Canadian home sales slip 2.3% in September as mortgage rates jump
“This was hardly surprising given the latest jump in fixed mortgage rates,” said Shaun Cathcart, senior economist at the Canadian Real Estate Association (CREA).
Economy · 19 d ago
Roots Corp. · CC BY-SA 4.0 · Wikimedia Commons
A judge approves the deal to take Roots private
An Ontario Superior Court judge approved the deal led by New York brand management firm Marquee Brands on Thursday. It is expected to close this month, subject to closing conditions that were not specified.
Economy · 19 d ago
Rick Obst · CC BY 4.0 · Wikimedia Commons
US inflation climbs to 3.7% and Wall Street falls
US consumer prices rose 3.7 per cent in September from a year earlier, up from 3.4 per cent in August, the Labor Department said.
Economy · 19 d ago
Annual pace of housing starts rises 3% in September
The seasonally adjusted annual rate of housing starts reached 248,896 units in September, up from 242,223 in August, according to Canada Mortgage and Housing Corp. (CMHC).
Economy · 19 d ago
Mliu92 · CC BY-SA 4.0 · Wikimedia Commons
Tesla says its Chinese EV quota is used up; federal figures say otherwise
Canada's quota for low-tariff Chinese EVs is used up, as Tesla says in pausing orders for its Chinese-made Model 3 Premium.