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...Instead, inflation came in strong in services categories that have looked persistently hot for a while: shelter, medical care and auto services....
...Apple has unveiled new iPads featuring what it called “an outrageously powerful chip for AI”, signalling the Silicon Valley giant’s growing focus on artificial intelligence services....
...For Apple, giving users a choice of app stores and payment providers on iOS means unpicking a wide array of technical linkages between services, as well as publishing 600 new application programming interfaces...
...for technical decision-making”....
...The US Federal Aviation Administration grounded 171 Boeing 737 Max 9s on Saturday....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...So a small decrease in reserve quantities could send banks scrambling for cash, and push the federal funds rate up....
...Shapiro said he was confident that any technical challenges with livestreaming would be smoothed out by the time the agreement took effect next January....
...The emergency directive from the US Federal Aviation Administration affects about 171 jets worldwide....
...The business has returned to growth in the past three quarters as business confidence has improved following clearer signals from the Federal Reserve that interest rates have peaked and could be cut as soon...
...The Sorrento dust-up comes also amid a broader scandal that has engulfed the Houston federal bankruptcy court....
...The case turns on a legal stipulation that bars the sale of “investment contracts” unless they are registered as securities with federal regulators....
...In the panic, Circle’s “safe” stablecoin USDC lost its peg to the dollar and it was only when the Federal Reserve guaranteed SVB’s deposits that the crisis was averted....
...It has avoided live sports both because of the high cost but also the technical and cultural challenges of combining streaming and sports....
...The airline said its technical operations team would fix the problem “to safely return the aircraft to service”....
...A trial is ongoing in a separate federal case over the Alphabet-owned company’s market power for internet search....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...The three other things are more technical. When rates went up, pension funds saw the stock market go up and rates go up. A lot of pension funds had not been fully funded....
...Since the Federal Reserve’s January policy meeting, chair Jay Powell has pushed back against market bets on rapid interest rate cuts....
...Even if the Federal Reserve starts cutting rates as expected, it will still trim small-cap earnings by 24 per cent, according to BofA’s Jill Carey Hall....
...“The DoJ’s case shows pretty keen learning from the other legal matters that have involved Apple,” said Bill Kovacic, a former Federal Trade Commission chair and professor of competition law and policy at...
...Federal Reserve officials have also been pushing back against a slew of rate cuts priced by markets this year....
...There are many sophisticated indicators of momentum, but delving too far into technical analysis is treacherous (for us, anyway)....
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