Urban buildings in Huai'an city, Jiangsu province, China, on March 18, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — UBS analysts on Wednesday became the latest to raise expectations that China's struggling real estate market is close to stabilizing."After four or five years of a downward cycle, we have begun...
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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts
The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk...
Taco Bell parent Yum Brands partners with Nvidia to speed up its use of AI
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina.Jeff Greenberg | Universal Images Group | Getty ImagesTwo chipmakers are teaming up.Yum Brands is partnering with tech giant Nvidia to accelerate the use of artificial intelligence in its restaurants.The restaurant company, which owns Taco Bell, KFC and...
Trump administration sends a clear message to the oil and gas industry: ‘You’re the customer’
HOUSTON — The officials leading President Donald Trump's energy agenda made clear to oil, gas and mining executives this week that they have an ally in Washington who intends to make it as easy as possible for them to drill in federal lands and waters.Interior Secretary Doug Burgum told executives...
Texas has ‘stronger brand than New York’ as Wall Street looks south, Gov. Greg Abbott says
Texas is continuing to stake a claim as a rival to Wall Street as a key financial hub in the United States, with Gov. Greg Abbott on Tuesday saying his state has a "stronger brand than New York.""Capital markets are realizing that the place to be is Texas," Abbott said...