Retail investors are pouring money into small-cap companies developing artificial intelligence tools, as companies like Google parent Alphabet and Microsoft compete for the next big growth driver.   The viral success of ChatGPT has focused Wall Street attention on AI, reminiscent of the...

The results of the ECB survey, which were released on Tuesday, revealed that despite declining energy costs and rising interest rates, consumer inflation expectations in the euro area grew in December. Due to lower gas costs, the annual inflation rate in the euro zone decreased after reaching a...

Given the strength of the US labor market, US Treasury Secretary Janet Yellen said on Monday that she sees a path to avoid a US recession, with inflation falling significantly and the economy remaining strong.   "You don't have a recession when you have 500,000 jobs and the lowest...

According to Catherine Mann, a member of the Bank's monetary policy committee, the Bank of England may increase its benchmark interest rate once more in the future in order to achieve its inflation target. Following its February meeting, the Bank of England increased its benchmark interest rate by...

The Federal Reserve Chair Jerome Powell sent a clear message: while it is "gratifying" that inflation has begun to slow, the central bank is far from reversing course or declaring victory.   "It's going to take some time" for disinflation to spread through the economy, Powell said in a news...

The US dollar fell on Thursday following the announcement of the US Federal Reserve that its fight against high inflation was coming to an end which raised hopes among market participants that the central bank's campaign of rate-hike to tame inflation was...

According to a forecast by Fitch Ratings, liquefied natural gas imports to the European Union might increase by about 30%, from 120 billion cubic meters in 2022 to 155 billion cubic meters in 2023. "In order to counterbalance Russia's rapidly diminishing gas supply, LNG will continue to play a...

At the forum at Singapore's Shangri-La hotel, graduate student Zayn Zhang agreed with other many wealthy Chinese people that Singapore would be the best place to keep his family's money.   His wife is out hunting for a S$5-7 million ($4-5 million) penthouse while he studies at an Asian...

According to Bloomberg, the European Union is thinking about restricting the cost of Russian diesel fuel at $100 a barrel. Additionally, it suggests capping the price of discounted oil products at $45 per barrel. The G7 plans to set two price caps for Russian oil products in order to account for...