Business

BIS says AI boom risks clouding central banks' inflation signals

BIS says AI boom risks clouding central banks' inflation signals

By Marc Jones LONDON, July 28 (Reuters) - The artificial intelligence boom could make it significantly harder for central banks…

July 28, 2026

US goods trade deficit shrinks, is still expected to weigh on Q2 GDP growth

By Lucia Mutikani WASHINGTON, July 28 (Reuters) - The U.S. trade deficit in goods narrowed in June amid a broad…

July 28, 2026

Gucci sales decline slows in boost for Kering's turnaround efforts

By Dominique Patton PARIS, July 28 (Reuters) - Sales at Kering's flagship brand Gucci fell 2% in the second quarter…

July 28, 2026

Chobani must face lawsuit over zero-sugar yogurt claim, US appeals court rules

By Jonathan Stempel July 28 (Reuters) - A federal appeals court has revived a proposed class-action lawsuit accusing Chobani of…

July 28, 2026

Oil prices fall 2% on hopes for US-Iran conflict easing

By Scott DiSavino July 28 (Reuters) - Oil prices slid about 2% to a one-week low on Tuesday on cautious…

July 28, 2026

Corning falls over 20% after forecasting weaker-than-expected sales

July 28 (Reuters) - Corning on Tuesday forecast third-quarter sales slightly short of Wall Street expectations after reporting slower growth…

July 28, 2026

Nasdaq opens lower as AI worries mount ahead of pivotal earnings

July 28 (Reuters) - The Nasdaq opened lower on Tuesday, mirroring a cautious mood across global markets toward AI chip…

July 28, 2026

Visa plans to cut 7% of workforce, Bloomberg News reports

July 28 (Reuters) - Visa plans to cut 7% of its workforce, or about 2,600 jobs, Bloomberg News reported on…

July 28, 2026

Meta, BlackRock partner on $14 billion El Paso data center venture

By Jaspreet Singh July 28 (Reuters) - Meta Platforms and the world's largest asset manager BlackRock on Tuesday announced a…

July 28, 2026

Boeing posts larger-than-expected Q2 loss as Air Force One costs rise

By Dan Catchpole SEATTLE, July 28 (Reuters) - Boeing on Tuesday reported a larger-than-expected quarterly loss after taking a $280…

July 28, 2026