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What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents

An online car rental service is under scrutiny after it was used in two incidents Wednesday. The platform, Turo, is known as…
Economy

Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025

(Reuters) -Microsoft is planning to spend $80 billion in fiscal 2025 on the construction of data centers to train artificial intelligence (AI)…
Economy

Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says

By Howard Schneider BALTIMORE (Reuters) -The U.S. central bank’s benchmark policy rate should stay restrictive until it is more certain that inflation…
Economy

Fed’s Barkin sees positive outlook for U.S. economy despite policy uncertainties

Investing.com — The U.S. economy is expected to grow more than it shrinks in 2025, despite uncertainties about the impact of trade…
Economy

Fed’s Kugler says data will drive Fed policy choices amid uncertainty

By Michael S. Derby (Reuters) – Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what…
Economy

Hong Kong budget deficit to be just under HK$100 billion, financial chief says

HONG KONG (Reuters) – Hong Kong’s deficit for this fiscal year is expected to be just below HK$100 billion ($13 billion), the…
Stock

Tick Tock for TikTok? Chinese social media titan faces race against time and Trump

Investing.com — TikTok’s fight to overturn a looming U.S. ban faces a tight deadline, with oral arguments scheduled for January 10, just nine…
Stock

Why S&P is likely to moderate following back-to-back above-average years

Investing.com — The S&P 500 is poised for moderation in the coming year following back-to-back periods of above-average returns, as per analysts…
Stock

Edge AI, Apple to surprise and more: JPM lists 10 tech/AI predictions for 2025

Investing.com — As we step into 2025, analysts at J.P. Morgan has laid out a roadmap of their top predictions for hardware…
Stock

Why UBS thinks you should gradually increase exposure to global direct real estate

Investing.com — UBS believes investors should gradually increase exposure to global direct real estate, citing improved market conditions and attractive investment opportunities.  In…
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