Takeaways from the Fed meeting.
[Takeaways from the Fed meeting.
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Microsoft Backs Up A.I. Spending With $27.2 Billion Quarterly Profit
The company’s results are likely to ease investors’ worries that big investments in artificial intelligence aren’t paying off.
Canada to Recognize Palestinian State at the U.N. General Assembly
Canada joins France and Britain in taking similar steps, after months of increasing criticism of Israel by Prime Minister Mark Carney.
Trump Targets Copper With Tariffs, Though Not as Aggressively as Expected
[The president stopped short of putting a 50 percent tariff on refined copper, as he had threatened earlier this year. The market reaction was swift anyway and prices tumbled.
Susan Monarez Faces Daunting Challenges as C.D.C. Director
The agency’s new leader must contend with reduced budgets, mass layoffs, political tumult and a boss determined to reshape public health.
Accountability eludes RDA probe
RAWALPINDI: The fact-finding inquiry initiated by the Punjab Chief Secretary into the Rawalpindi Development Authority (RDA) financial scandal has entered its concluding phase, but without accountability in the loop. Written testimonies from six employees of the RDA Finance Directorate, along with two retired officers, have been submitted. A pivotal hearing is scheduled for July 31 … Read more
Thursday Briefing: Trump’s Steep Tariffs on Brazil
Plus, the future of Mexican music.
Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
[The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
Meta Forecasts Continued Spending as It Races to Build ‘Superintelligence’
The Silicon Valley giant, which has been on a spending spree to hire A.I. researchers, also posted a 36 percent quarterly increase in profit and a 22 percent jump in revenue.
Trump announces trade deal, oil partnership with Pakistan
US President Donald Trump on Wednesday announced a new deal between the United States and Pakistan for the joint development of Pakistan’s oil reserves — a development likely to factor into ongoing trade discussions between the two countries. In a post on his social media platform, Truth Social, President Trump stated: “We have just concluded … Read more