Browsing: Business

Meta cut several hundred jobs in a new restructuring round as the company maintained heavy 2026 AI infrastructure spending and kept workforce changes in focus.

Goldman Sachs raised its 12-month U.S. recession probability to 30% as higher energy costs, tighter financial conditions and softer growth cloud the outlook.

US business activity slowed to an 11 month low in March as rising energy costs pushed inflation higher, cooled services demand and weakened hiring.

Gold extended a steep decline as conflict-linked inflation risk, higher-for-longer rate bets and volatile energy prices pressured bullion markets.

Gold held near $5,000 as investors awaited the Federal Reserve decision, with oil-driven inflation worries and rate expectations keeping bullion in focus.

The European Parliament revived work on the EU-US trade deal, setting a committee vote in Brussels on legislation linked to the 2025 Turnberry framework.

Bitcoin rallied toward $76,000 as fresh U.S. spot ETF demand and Strategy’s latest purchase lifted crypto shares and revived momentum across the sector.

US inflation has cooled, but higher costs for food, housing, utilities and debt are still squeezing households, keeping affordability at the center.

U.S. GDP growth was revised down to 0.7% for the fourth quarter of 2025, while January core PCE inflation rose 3.1%, showing slower growth and firm prices.

Gold rose 0.7% near $5,113 as the dollar and U.S. Treasury yields eased, even as bullion headed for a second weekly decline with oil above $100.