Browsing: Business

– According to the International Monetary Fund, artificial intelligence is increasingly influencing economic expansion, investment activities, and labor markets. The IMF highlighted that spending on AI-related technologies contributed approximately 0.5 percentage points to U.S. GDP growth in 2025. It is

– Oil prices experienced a notable recovery Monday following a sharp decline that pushed Brent crude to its lowest point in nearly two weeks. The November Brent contract closed at $100.34 a barrel, down $3.53, or 3.4%. Meanwhile, October West

India cautioned Washington that the introduction of tariffs on nations importing Russian crude oil could adversely affect bilateral relations and disturb the global commodity trade network. This warning followed the passing of the Sanctioning Russia and Iran Act of 2026

At the conclusion of their policy meeting, Federal Reserve officials maintained their key benchmark interest rates at current levels, accompanied by revised macroeconomic forecasts for both domestic growth and inflation. The Federal Open Market Committee considered ongoing consumer price pressures

– Following the Federal Reserve raising its benchmark interest rate by 25 basis points, U.S. equities closed lower on Wednesday. The move pushed the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average fell 631.21 points,

– On Thursday, the U.S. dollar hit its highest point in seven weeks following the Federal Reserve raising interest rates. The dollar index climbed to 100.36 against a basket of leading currencies, gaining roughly 0.7% in the prior session. This

– Costco has raised the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart package. The case contains two 5-quart bottles and covers several widely used viscosity grades. Costco also placed a purchase limit

– On Monday, U.S. equities finished lower as declines in artificial intelligence and semiconductor stocks dragged down major indexes. The Dow Jones Industrial Average decreased by 152.09 points, or 0.3%, closing at 52,421.20. Meanwhile, the S&P 500 declined 0.5% to

– On Monday, the U.S. Treasury benchmark 10-year yield briefly climbed above 5%, reaching a level last observed in October 2023. Prior to that, the yield had not remained above 5% since 2007. It later pulled back, with the official

Prime Minister Mark Carney reinforced Ottawa’s commitment to enhancing domestic manufacturing capabilities and decreasing reliance on global supply chains amid rising commercial tensions with Washington. During a roundtable with industry leaders, Carney emphasized the importance of regulatory reforms and financial