The lack of acquisition activity by tech firms these days is primarily caused by an unfavourable regulatory environment. However, they're coming up with alternative ideas for how to blow billions of dollars on the next big thing.   This week, Amazon announced its largest venture deal to...

According to fresh data from the Federal Reserve, the wealthiest 1% of Americans reached a record $44.6 trillion at the conclusion of the fourth quarter as a result of a year-end stock market boom that boosted their portfolios.   The Fed's definition of the top 1% is individuals with...

According to a metric the central bank views as its more significant barometer, US inflation increased in February in line with predictions, perhaps keeping the Federal Reserve on hold until it can start thinking about cutting interest rates.   The Commerce Department released a report on...

According to media sources, Japanese monetary officials decided at the last minute to move an emergency meeting on the weak yen slated for Thursday to Wednesday in order to maximise the impact of halting rapid currency depreciation.   The conference, which includes executives from the...

The U.S. economy expanded faster than expected in the fourth quarter, owing to strong consumer spending and business investment in nonresidential infrastructure such as factories and healthcare facilities.   Profits rose at a respectable rate last quarter, according to a Commerce Department...

Turkey's dramatic breakthrough as a durum wheat exporter has spared pasta enthusiasts another year of financial misery, and the country is expected to remain a vital source of the component treasured in Mediterranean cuisine.   Turkey, on course to become the world's second-largest durum...

In the fourth quarter, the US economy expanded faster than expected, driven by strong consumer spending and business investment in nonresidential infrastructure such as factories.   Gross domestic product expanded at a 3.4% annualised rate last quarter, up from the previously reported 3.2%...

On Wednesday, the yen fell to a 34-year low of 151.97 against the US dollar, raising concerns in the market about possible government action to support the Japanese currency.   After recovering some of its losses, the yen was last trading at 151.22 against the dollar at 10:19 a.m. London...

The State Statistics Office (SSO) released a study stating that the total profit of China's major industrial businesses increased 10.2% year over year to 914.06 billion yuan ($126.46 billion) in January-February 2024. According to the SSO, a major industrial enterprise is defined as one with an...