Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
The Federal Open Market Committee (FOMC) reduced the overnight borrowing rate by 50 basis points, meeting market expectations which had shifted from predictions of a smaller cut. The last time the Fed made a half-point cut, aside from emergency Covid measures, was during the 2008 global financial crisis.
Jay Goldberg · 731 DAYS AGO
The new fund comes as venture capital investment in space is recovering after two challenging years. Airbus Ventures plans to channel its new capital into early-stage deep tech startups that push the boundaries of scientific and engineering innovation.
TechEchelon Staff · 735 DAYS AGO
Serial entrepreneur Erica Anenberg has always had a passion for turning ideas into reality. Over the years, she’s applied her talents to...
Sara Montes de Oca · 736 DAYS AGO
The increase reflected a steady inflation rate of 2.5% compared to the same month last year, which met the forecasts set by Dow Jones.
Sara Montes de Oca · 750 DAYS AGO
During the July 30-31 meeting, a significant majority of Fed officials indicated that if economic data continues to meet expectations, easing monetary policy at the September meeting would be appropriate.
Sara Montes de Oca · 759 DAYS AGO
This rise contributed to a 12-month inflation rate of 2.9%, marking the lowest annual rate since March 2021. When omitting volatile food and energy sectors, core CPI similarly rose by 0.2% for the month, aligning with an annual rate of 3.2%, which met economists' expectations.
TechEchelon Staff · 766 DAYS AGO
The company, which had its shares debut at 76 rupees (about 91 cents) each, successfully raised over $730 million through its initial public offering (IPO) in Mumbai. This marks the largest IPO in India for the year, as reported by Reuters.
TechEchelon Staff · 771 DAYS AGO
The minutes revealed that the policymakers require more convincing data to be confident that inflation is steadily approaching the 2% target.
Sara Montes de Oca · 808 DAYS AGO
For 2024, the Fed has raised its expected annual inflation rate to 2.6 percent from an earlier forecast of 2.4 percent. This adjustment is partly due to an increase in the core inflation rate—from 2.6 percent to 2.8 percent—which excludes the typically more volatile food and energy sectors.
Jay Goldberg · 829 DAYS AGO
Nonfarm payrolls increased by 272,000 for the month, up from 165,000 in April and far exceeding the Dow Jones consensus estimate of 190,000.
TechEchelon Staff · 834 DAYS AGO
The launch took off at 10:52 a.m. ET from Cape Canaveral, Florida with two NASA astronauts aboard. Starliner is carried by United Launch Alliance’s Atlas V rocket and bound for the International Space Station.
Sara Montes de Oca · 836 DAYS AGO
The minutes from the Federal Open Market Committee's April 30-May 1 meeting, released on Wednesday, revealed policymakers' unease about the timing for easing monetary policy.
Jay Goldberg · 850 DAYS AGO
A day later, at Google’s annual developer conference, Alphabet CEO Sundar Pichai emphasized his company’s long-standing partnership with Nvidia and noted that Google Cloud will utilize the chipmaker’s Blackwell graphics processing units (GPUs) in early 2025.
Sara Montes de Oca · 851 DAYS AGO
The Self Research Institute (SRI) goes beyond its name and its function as a non-profit focused on ensuring individuals have control over their own data but the lofty ambition to interpret, engage and adapt along with the information to improve lives.
Jay Goldberg · 851 DAYS AGO
The Consumer Price Index (CPI), which gauges the average change over time in the prices paid by consumers for goods and services, rose by 0.3% from March, according to the Labor Department’s Bureau of Labor Services. This increase was marginally lower than the 0.4% predicted by Dow Jones.
TechEchelon Staff · 857 DAYS AGO
In April, wholesale prices surged unexpectedly, suggesting that interest rate reductions might not be on the horizon.
Sara Montes de Oca · 858 DAYS AGO
The post featured an image on X (formerly Twitter) depicting a video gamer intently leaning forward, signaling serious gameplay. This was Roaring Kitty's inaugural post on the platform since his hiatus began in 2021, quickly attracting 63,000 likes within 13 hours.
Sara Montes de Oca · 859 DAYS AGO
During its earnings call, SMIC stated, "There is increasing competition in the industry, and pricing for commodity products generally aligns with market trends."
Jay Goldberg · 862 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.