US jobs report poses first big stocks test of 2025
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs report to show a stable but not overheated economy that…
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) models and deploy AI and cloud-based applications, the company said in a blog post on Friday. This post…
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 is returning to its 2% target, Richmond Federal Reserve President Thomas Barkin said on Friday. “I think there…
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 and other policies that may be implemented by the incoming Trump administration, according to Richmond Fed President Thomas…
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 the economy will deliver in 2025 and will let upcoming economic data drive the course of monetary policy….
PayPal accused of racial bias against Asian Americans in funding program
By Jonathan Stempel NEW YORK (Reuters) – PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing…