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NY Fed President Williams Says Some ‘Technical Factors’ Distorted November’s CPI Reading Downward
NY Fed President John Williams said that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower.
OpenAI Is Reportedly Trying To Raise $100B At An $830B Valuation
OpenAI is in talks to raise up to $100 billion in a funding round that could value the ChatGPT maker at up to $830 billion, the WSJ reported Thursday.
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London-Based Oil Trader Mandara Is Shutting Down
Mandara Capital, the London-based oil trader that once was one of the biggest market makers in crude and fuel, is shutting down its operations.
Wealthy Americans are More Worried About Finances Than Usual.
Wealthy Americans are more worried about finances than usual. Financial experts share their high-net-worth clients’ 3 biggest concerns.
Rates Will Substantially Come Down, Predicts UBS
US poised for significant economic shift in 2024 it's likely to enter recessionary phase. Downturn will necessitate reductions in interest rates.
Morgan Stanley's Straight-Talking New CEO Ted Pick Taking Charge
When Ted Pick takes over as new CEO of Morgan Stanley next week, the three decade bank veteran will help him steer firm through a dealmaking slump.