Sharp rally appears excessive, but there is a chance for US Dollar (USD) to rise further to 7.2250 against Chinese Yuan (CNH), UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Sharp rally appears excessive24-HOUR VIEW: “We expected USD to ‘trade in a range of 7.1700/7.1835’ yesterday. The…
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McDonald’s is ramping up its use of artificial intelligence to streamline customer orders and sharpen its business operations, with plans to “double down” on AI investments by 2027, a senior executive said on Friday, according to Reuters. The fast-food giant currently uses AI to verify orders at 400 restaurants in India, allowing the chain to catch and correct errors before food is handed to customers, according to the outlet. McDonald’s is planning to roll out the new…
President Donald Trump has a new way to needle Federal Reserve Chair Jerome Powell. He…
ESPN’s relationship with the NFL is reportedly getting closer. ESPN and the NFL have struck…
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Big Tech’s AI spending bonanza isn’t slowing down anytime soon.On quarterly earnings calls with investors this week, Amazon, Microsoft, Google, and Meta all raised capex guidance for the year as the AI race intensifies.The level of investment represents a dramatic spike in spending in a short period of time. Amazon…
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Citi launched a new premium credit card tailored to high-income consumers. It comes as banks ramp up premium offerings to attract and retain wealthier clientele amid rising competition. The Citi Strata Elite Card, the bank’s newest premium credit card, launched this week, comes with an annual fee of about $595 with…
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2025-08-01T17:33:41Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log…
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The Federal Market Open Market Committee expects interest rates to move down in 2025. Fixed income markets see two cuts coming, taking rates to 3.75% to 4% by December as the most likely outcome, down from 4% to 4.25% today. However, for quite some time the labor market has held…
