By Michael S. Derby NEW YORK (Reuters) -Alberto Musalem, an economist and former New York Federal Reserve staffer, has been tapped to become the new president of the St. Louis Fed, the regional bank said on Thursday. Musalem, 55, succeeds James Bullard, who led the St. Louis Fed from 2008 until his unexpected resignation last…
© Reuters. FILE PHOTO: Mexico’s Central Bank (Banco de Mexico) building in downtown Mexico City, Mexico August 9, 2022. REUTERS/Henry Romero/File Photo By Brendan O’Boyle MEXICO CITY (Reuters) -Most members of the Bank of Mexico’s governing board called for caution as the central bank of Latin America’s No. 2 economy eyes possible rate cuts in…
By Nell Mackenzie LONDON (Reuters) -Billionaire investor Cliff Asness’s AQR Capital Management finished 2023 with double digit returns in several of its funds, buoyed by stock selection, bonds, European natural gas and iron ore, a source familiar with the matter said on Thursday. The $99 billion investment manager, known for its quantitative strategies, returned a…
SpaceX launched its first batch of Starlink satellites that will be able to connect directly to cell phones ahead of planned testing later this year. The company launched six Starlink satellites with this capability with a batch of 15 other Starlink birds aboard a Falcon 9 rocket late last night. SpaceX obtained approval from U.S.…
U.S. auto sales rebounded in 2023, marking the best year since before the pandemic…
Offshore wind turbines at two commercial-scale sites are now sending power to the U.S. grid. Moments before midnight on Tuesday, a single turbine near Martha’s Vineyard delivered 5 megawatts of renewable energy to the New England grid, developers said. The turbine is one out of 62 planned for Vineyard Wind 1, an offshore site owned…
Here’s what could happen to Tesla shares next…
More than 20,000 electric scooters belonging to Superpedestrian will be auctioned off later this month, along with other equipment from the startup’s U.S. operations, after closing its doors December 31. Two “global online auction” listings have appeared on the website of Silicon Valley Disposition, an online market for “surplus assets,” which will feature scooters and…
Intel, intent on making bigger moves in the market for AI-powered enterprise software, is spinning out a new platform company with the backing of Boca Raton, Florida–based asset manager and investor DigitalBridge. Called Articul8 AI (an awkward abbreviation of “Articulate AI”), the new entity builds off a proof-of-concept from an Intel collaboration with Boston Consulting…
© Reuters. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., December 13, 2023. REUTER CME -3.74% Add to/Remove from Watchlist Add to Watchlist Add Position Position added…
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