Economy – Page 284 – American Finance Insider

Economy

Facebook parent Meta projects sharp acceleration in AI costs after results beat Wall Street targets

October 30, 2024

By Katie Paul, Akash Sriram (Reuters) -Facebook owner Meta Platforms (NASDAQ:META) beat analysts’ estimates for third-quarter revenue and profit on Wednesday, but warned of “significant acceleration” in artificial intelligence-related infrastructure…

Economy

Does Trump really want to compare now to four years ago?

October 30, 2024

By Howard Schneider WASHINGTON (Reuters) – Republican presidential candidate and former President Donald Trump’s end-of-campaign arguments to voters choosing between him and Democrat Kamala Harris have focused on an old…

Economy

Canada would have to double defense spending by 2032-33 to meet NATO target, watchdog says

October 30, 2024

By Promit Mukherjee OTTAWA (Reuters) -Canada would have to double current defense spending by fiscal 2032-33 to achieve its stated goal of meeting NATO targets, an increase that could violate…

Economy

‘Trump trade’ could reverse on signs Trump would lean hawkish on fiscal policy

October 30, 2024

Investing.com — Reports that a second potential Donald Trump presidency could include fiscal hawks in his administration focused on aggressively cutting fiscal spending, threatens to shift and reverse the ‘Trump trade,’ pushing…

Economy

UK Labour budget spares markets from another ‘Liz Truss moment’

October 30, 2024

By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – UK markets were spared painful blows from the new Labour government’s first budget on Wednesday, which announced 40 billion pounds of…

Economy

Canada’s Ontario province cuts deficit forecast, proposes tax rebates

October 30, 2024

By Fergal Smith TORONTO (Reuters) – The Canadian province of Ontario on Wednesday projected a narrower budget deficit for the current fiscal year and proposed providing rebates to taxpayers as…

Economy

Analysis-UK’s Reeves bets big on tax-and-spend to reset economy

October 30, 2024

By Kate Holton LONDON (Reuters) – British finance minister Rachel Reeves’ first budget marks a huge gamble that she can quickly rebuild the country with the tens of billions of…

Economy

Exclusive-South African finance minister not yet convinced on lowering inflation target

October 30, 2024

By Kopano Gumbi CAPE TOWN (Reuters) – South Africa’s Finance Minister Enoch Godongwana told Reuters on Wednesday that he was not yet convinced about lowering the country’s inflation target, a…

Economy

Vatican tribunal defends conviction of senior cardinal for misappropriation of funds

October 30, 2024

By Joshua McElwee VATICAN CITY (Reuters) – A Vatican tribunal on Wednesday defended its 2023 decision to convict a senior Catholic cardinal of misappropriation of funds, saying the prelate was…

Economy

US 30-year mortgage rate surges to 6.73%, highest since July

October 30, 2024

(Reuters) – The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as…

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