Macro investor Otavio Costa criticizes the Federal Reserve's use of the St. Louis Fed's Trimmed-Mean PCE inflation rate, calling it a 'useless' metric that masks true inflation by excluding extreme price changes. This measure showed only a slight increase to 2.36% in March 2026, while actual commodity prices surged, indicating rising living costs. Costa argues this data manipulation reflects the Fed's loss of independence and pressures to justify lowering interest rates despite inflation risks. The debate highlights concerns over the Fed's credibility and the real economic impact on consumers as inflation expectations rise.
Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...
Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...
XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...
