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01/10/2026
Fed's Kashkari: The Fed's balance sheet works best when interest rates are near zero.
Latest
3 m ago
Federal Reserve's Kashkari said that although the latest data showed inflation below economists' expectations, rising prices remain concerning. Kashkari said: "The inflation rate is still too high. There are many different ways to measure inflation, but it is currently holding at around 3%. Inflation has been at elevated levels for more than 5 years. I think the latest inflation data released has not significantly changed this situation." Kashkari also said that other economic data released on Wednesday, including consumer spending and gross domestic product data, showed that the U.S. economy is "resilient." Regarding interest rates, Kashkari said frankly: "My expectation is one more rate hike this year and another in 2027. Fed rate hikes may not have much impact on investment by hyperscale cloud computing companies. The recent rise in bond yields is a global phenomenon."
10 m ago
Sichuan: By 2030, the province will have 410,000 5G base stations.
12 m ago
META: Appoints Dhruv Vohra as Managing Director of Southeast Asia for the Global Business Group.
12 m ago
On Wednesday, Microsoft veteran executive Peter Lee announced he will leave the company. For years, he has led Microsoft's internal research division. Lee is one of several senior Microsoft executives to announce departures this year. Since the start of the year, Rajesh Jha, who heads the Office and Windows businesses, Xbox CEO Phil Spencer, Chief Communications Officer Frank Shaw, and security chief Charlie Bell have all announced plans to leave. Peter Lee joined Microsoft in 2010 and helped lead a research division with about 1,500 scientists. The division focuses on research in multiple areas related to Microsoft's businesses, including artificial intelligence, quantum computing, search, robotics, and cryptography. These research results have spawned several new Microsoft products, including the quantum computing chip Microsoft launched last year, which the company says could shape the future of computing.
14 m ago
OpenAI and Synopsys to jointly develop the ChatGPT-Synopsys model
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