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Fed returns to rate hikes after 3-year pause, raising its key interest rate by 0.25 percentage points
The Federal Reserve voted 12-0 on Sept. 16 to raise the federal funds target 25 bp to 3.75%–4.00%, the first hike since 2023. The median year-end 2026 funds-rate projection rose to 4.1%, up from 3.8% in June.
5 hours ago - Aubrey Wood
Unsealed documents in Google's antitrust case outline "behavioral" remedies that Google must comply with
Unsealed court documents reject a forced sale of Google's Ad Exchange and instead order interoperability with competing solutions and data sharing with publishers.
5 hours ago - Kris Gunnars
OpenAI weighs pre-IPO round at $1.2 trillion-plus valuation. The company wants at least $1.5 trillion
Investors have proposed a funding round valuing OpenAI at about $1.2 trillion. The New York Times reports OpenAI wants at least $1.5 trillion.
1 day ago - Kris Gunnars
EU plans sweeping new limits on social media for minors
The EU is preparing new rules to limit how children and teenagers use social media, gaming platforms, and AI chatbots. The act is expected to be introduced on Thursday.
2 days ago - Aubrey Wood