Business

Fed’s Williams reiterates rate policy is in right place given outlook

Thursday, May 28 by SRN News

By Michael S. Derby NEW YORK, May 28 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday central bank monetary policy is in the right place given the outlook, adding he expects inflation to be high in the near term... Read More.

Fed’s Musalem says rate hike may be needed if inflation doesn’t ease

Thursday, May 28 by SRN News

By Ann Saphir May 28 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday said the central bank may need to increase its policy rate if inflation does not resume easing within the next six months, adding his voice to an increasingly hawkish... Read More.

Average US long-term mortgage rate climbs to 6.53%, highest level in nine months

Thursday, May 28 by SRN News

The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another setback for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate rose to 6.53% from 6.51% last week, mortgage buyer Freddie Mac said Thursday. Despite the latest... Read More.

Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

Thursday, May 28 by SRN News

May 28 (Reuters) - Anthropic on Thursday said it is launching an upgraded Claude Opus 4.8 model at the same time as it works to release its powerful, market-moving Mythos models to all customers in the coming weeks. Mythos is the AI lab's large... Read More.

US core capital goods orders fall in April

Thursday, May 28 by SRN News

WASHINGTON, May 28 (Reuters) - New orders for key U.S.-manufactured capital goods unexpectedly fell in April after hefty gains in the prior months, but demand remains underpinned by an artificial intelligence spending boom. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business... Read More.

Wall St muted as investors asses inflation data, Mideast peace prospects

Thursday, May 28 by SRN News

May 28 (Reuters) - Wall Street's main indexes opened flat on Thursday as investors processed key inflation data, while intensifying tensions between the U.S. and Iran kept optimism surrounding a peace deal in check. The Dow Jones Industrial Average rose 16.7 points, or 0.03%, at... Read More.

Inflation rises but isn’t hotter than expected while GDP slips

Thursday, May 28 by SRN News

NEW YORK, May 28 (Reuters) - Estimated U.S. economic growth for the first quarter was revised lower on Thursday and a closely watched measure of price pressures came in largely in line with expectations. U.S. markets opened slightly lower. Gross domestic product increased at a... Read More.

Anthropic to boost hiring in Europe after opening Milan office

Thursday, May 28 by SRN News

MILAN, May 28 (Reuters) - Anthropic will continue expanding in Europe after opening its sixth office on the continent in Milan on Thursday, Chris Ciauri, managing director for international at the U.S. AI startup, said. The company plans to triple its international workforce to... Read More.

Why your co-worker might be listening to music tuned to 432 hertz

Thursday, May 28 by SRN News

NEW YORK (AP) - Yoselin Sanchez has been in chronic pain since she was born with cervical scoliosis. While little eases the discomfort, she's found ways to distract herself from hurting. She practices yoga. She performs free flow dance. And while she works, she frequently... Read More.

What to know about Code Noir, a shocking French law that oversaw the slavery of 1.4 million Africans

Thursday, May 28 by SRN News

PARIS (AP) - France's powerful lower house voted finally to scrub a fundamental slavery-era edict from French law on Thursday. After the National Assembly voted 254-0 to adopt the bill to repeal Code Noir, it now goes to the Senate, where supporters expect it to... Read More.

Current Weather

Fed’s Williams reiterates rate policy is in right place given outlook

Fed’s Musalem says rate hike may be needed if inflation doesn’t ease

Average US long-term mortgage rate climbs to 6.53%, highest level in nine months

Anthropic to roll out Claude Mythos in coming weeks, launches Opus 4.8

US core capital goods orders fall in April

Wall St muted as investors asses inflation data, Mideast peace prospects

Inflation rises but isn’t hotter than expected while GDP slips

Anthropic to boost hiring in Europe after opening Milan office

Why your co-worker might be listening to music tuned to 432 hertz

What to know about Code Noir, a shocking French law that oversaw the slavery of 1.4 million Africans

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