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MarketWatchJul 12, 2024
Fed's favorite PCE price gauge set to show slower inflation and raise odds of rate cut
The first decline in consumer prices in four years is just a starter dish for the Federal Reserve. The bank's appetite to cut U.S. interest rates won't be fully sated until it gets more weak readings from its favorite inflation gauge.

Yahoo BusinessJul 12, 2024
Nvidia's Stock Is Up 170% to Start 2024. Could It Double to Finish the Year?

Inc.comJul 12, 2024
Fed President Goolsbee Says U.S. Economy Looks Like It's Taming Inflation
The president of the Chicago Federal Reserve Bank says the 2 percent inflation target is achievable, which would pave the way for a rate cut this year.

Entrepreneur.comJul 12, 2024
JPMorgan Chase CEO Jamie Dimon Wants People to 'Stop Talking' About AI: 'It'll Help You Do Your Job Better'
Dimon said the technology is already "embedded" at the company and estimated that JPMorgan would increase its AI-related projects by 400 this year.

MarketWatchJul 12, 2024
Corn prices touch a nearly 4-year low, then rise as USDA lifts demand forecast
Corn futures settled higher on Friday, finding support from data showing that U.S. corn use, a proxy for demand, rose more than supply — prompting prices to give up early losses that had pulled them to their lowest level since 2020.

Google Business NewsJul 12, 2024
Novo Nordisk Gains as Ozempic Found To Lower Dementia Rates - Investopedia
Novo Nordisk Gains as Ozempic Found To Lower Dementia Rates  InvestopediaOzempic may reduce dementia: Research  The HillNovo's Ozempic Linked to Lower Dementia Rate in Oxford Study  BloombergNovo Nordisk Stock Pops After Weight-Loss Drug Cuts Dementia Risk In Yearlong Study  Investor's Business DailyNovo Nordisk's Ozempic cuts dementia risk compared with Merck's Januvia: Oxford study  FiercePharma

MarketWatchJul 12, 2024
2-year Treasury yield ends at lowest since February after decline in consumer sentiment
Rates on U.S. government debt finished lower on Friday, with 2- and 10-year yields hitting the lowest levels in four or five months, after data from the University of Michigan showed a drop in consumer sentiment.

Consumer sentiment falls to 8-month low on frustration with inflation (MarketWatch) - Financial MarketsJul 11, 2024
Sterling surges to one-year high after UK growth and US inflation surprises
Pound hits highest level against dollar since July 2023 as chances of August interest rate cut recede

Enterprise Application NewsSep 19, 2023
Experts: 'Quiet cutting' employees makes no sense, and it's costly
Companies are increasingly using role reassignments as a strategy to sidestep expensive layoffs, according to some tech industry experts. But they see it as generally short-sighted and likely to do a company more harm than good.

As with last year's 'quiet quitting' trend, quiet cutting appears to be a concept originally coined in the media — in this case, by The New York Times. The practice involves reassigning workers to roles that don't align with their career goals to achieve workforce reduction by voluntary attrition — allowing companies to avoid paying costly severance packages or unemployment benefits.

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