Barclays reports that artificial intelligence (AI) investment is becoming a new source of inflation, complicating the US Federal Reserve's efforts to control rising prices. While oil prices have eased following a US-Iran ceasefire, inflation remains broad and persistent, with AI-related demand pushing up costs for memory chips, computer hardware, software, and electricity. Barclays raised its forecast for core personal consumption expenditure inflation to 3.3% by the end of 2026, up from 2.8% earlier. The resilience of consumer demand and business pricing power means inflation pressures are unlikely to ease soon, suggesting interest rates may stay higher for longer unless these underlying costs drop.
Madonna returned to New York City to celebrate her No.1 album Confessions II with CLUB CONFESSIONS, a nightlife event co-hosted by MISTR that highlights dance music, queer culture, and HIV prevention. The event featured performances by Madonna and co...
Autonomix Medical has entered a warrant inducement agreement with an investor for the immediate exercise of outstanding warrants, raising approximately $2.6 million. The investor will purchase 428,731 shares at a reduced price of $6.00 per share. In ...
Edelson Lechtzin LLP is investigating Richemont for allegedly raising prices on luxury goods due to tariffs imposed under the Trump administration and failing to refund customers after the U.S. Supreme Court ruled those tariffs unlawful in February 2...
Erie, Pennsylvania, ranked as the second hottest housing market in the US in June due to high buyer demand and limited home inventory. Homes in Erie sold in an average of 29 days, much faster than the national average of 53 days, driven by affordabil...
A Federal Reserve working paper found that illegal immigration from 2021 to 2024 increased housing demand, pushing home prices up by 2.2% and rents by 1.4% on average in metro areas. Meanwhile, the Trump administration issued guidance for banks and c...
