The consulting firm is the latest to invest heavily in artificial intelligence, even as big businesses grapple with the potential fallout from the technology.
Category: Inflation (Economics)
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Post-Pandemic Spending on Hotels and Travel May Be Cooling Down
Spending on hotels, airline tickets and dinners surged after the pandemic. This summer could mark a shift back to normal.
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As the Fed Meets, It Shares an Inflation Problem With the World
Inflation is stubborn across a range of economies. Given its staying power, investors expect the Fed to pause rate moves only temporarily.
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Former Fed Chair Ben Bernanke on Inflation, Bank Runs and More
The former Fed chairman shared his thoughts with our columnist.
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How Engagement Rings Explain What’s Happening in the Economy
A major jeweler claims the pandemic may have prevented people from meeting their future fiancés, cutting demand for engagement rings. Inflation and anxiety among shoppers haven’t helped.
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U.S. Economy’s Staying Power Poses Big Questions for the Fed
The Federal Reserve has been trying to slow growth without tanking it. Now, officials must ask if inflation can cool amid signs of resilience.
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Eurozone Slipped Into Recession Early in the Year
A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year.
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Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a newly appointed finance minister promising “rational” economic policy takes charge.
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Russia and Saudi Arabia’s Oil Partnership Shows Strain
Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.
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World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
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For Turkey, Erdogan Victory Brings More Risky Economic Policy
The Turkish lira has hit a new low, and analysts see few improvements ahead as re-elected President Erdogan pursues unconventional economic policies.
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Jobs Numbers in Focus as the Fed Hints at a ‘Skip’
Federal Reserve officials are expected to leave rates unchanged at their June 13-14 meeting. Fresh jobs data will factor into the decision.