INFLATION

"The notion of a virtuous cycle—wherein improvements in one domain precipitate enhancements across others—is particularly salient," said Patrick Fan, professor of business analytics at the University of Iowa's Tippie College of Business and an AI expert.

A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption.

The S&P 500 ended the week at 5,005.57, down 0.30% for the week; the Dow Jones at 38,627.99, down 0.50%; the tech-heavy Nasdaq at 15,775.65, down 1.10% and the small-cap Russell 2000 at 2032.74, down 0.60%.

Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday.

Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.

Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in "challenging market conditions" including high inflation.

Stocks plummeted by more than 500 points as inflation data surpassed expectations, spurring concerns over Federal Reserve rate cuts.

Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.

The Federal Reserve's recent meeting maintained interest rates, while sparking speculation about potential cuts as analysts debate between March and May.

While more data is needed to reach a definite conclusion on the direction of inflation, there are a few reasons why the nation's central bank may declare victory against inflation and begin cutting interest rates.

Bolivia's governing party is in a state of all-out civil war led by its two most prominent leaders, pointing towards further instability down the road.

More Americans than ever before will fly between Christmas and New Year's in 2023.

Attacks on Red Sea shipping are driving up oil prices, prompting the US to form a coalition of nation's the crack down on Iran-backed Houthi rebels. Geopolitical uncertainty looks to be a key concern for investors in 2024.

Record domestic oil output is driving down gas prices.

The new president of Argentina has begun a process of "shock therapy" in a bid to save the country from economic collapse.

Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes.

The annual rate of inflation in the eurozone fell to a more than two-year low in November, the EU's official statistics agency said Thursday.

Member countries of OPEC+ have collectively reduced their operational oil capacity by 5.2 million barrels per day in 2023, constituting approximately 5% of global oil production.

Javier Milei comfortably won Sunday's runoff presidential election. He inherits a country in the middle of its worst economic crisis of the 21st century.

A slew of high-profile offshore wind projects in the US have been delayed or outright cancelled, putting President Biden's climate goals in jeopardy.

The US Federal Reserve may be on track to bring down inflation while avoiding a damaging recession, a senior policymaker said Thursday.