Federal Reserve Chair Jerome Powell reacts while speaking during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images It ended up being a “hawkish cut,” as expected. Still, investors managed to find a few gifts tucked between the…
BYT Capital, an India-focused deep-tech venture capital firm founded by Amit Chand, Dinesh Kumar and partners with experience across research-led innovation and early-stage investing, has announced the launch of its maiden ₹180 crore Category II alternative investment fund (AIF). The fund will back founders building at the frontier of scientific and engineering innovation. …
Shibuya crossing in known to be the world’s busiest pedestrian crossing © Marco Bottigelli | Moment | Getty Images Asia-Pacific markets climbed higher on Thursday, following the Federal Reserve’s third rate cut of the year. The U.S central bank cut the Federal Funds rate by 25 basis points to 3.5%-3.75%, and signalled that it was…
AI lab GoogleDeepMind announced a major new partnership with the U.K. government Wednesday, pledging to accelerate breakthroughs in materials science and clean energy, including nuclear fusion, as well as conducting joint research on the societal impacts of AI and on ways to make AI decision-making more interpretable and safer. As part of the partnership, Google…
Oracle shares sank 11% in extended trading on Wednesday after the database software maker reported lower quarterly revenue than expected despite booming demand for its artificial intelligence infrastructure. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $2.26 adjusted vs. $1.64 expected Revenue: $16.06 billion vs. $16.21 billion expected With respect…
IndiGo’s chairman, Vikram Singh Mehta, apologized for recent flight disruptions, denying they were deliberate. He stated external experts will identify root causes to prevent future chaos. Mehta clarified that the airline followed new pilot rest rules and did not compromise safety. A combination of internal and external factors, not intentional actions, pushed systems beyond limits,…
Danielle KayeBusiness reporter Reuters US Federal Reserve Chair Jerome Powell The US Federal Reserve has lowered interest rates for the third time this year, even as internal divisions create uncertainty about additional cuts in the coming months. The central bank said on Wednesday it was lowering the target for its key lending rate by 0.25…
AI isn’t just a new tool for the modern workplace; it’s already quietly reshaping how some companies are organized. Companies including Amazon, Moderna, and McKinsey are already eliminating management layers, working to flatten organizations, and deploying AI agents to automate routine work. As AI rewrites the corporate org chart, humans can avoid some managerial drudgery,…
The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to manage the US economy. The Fed chair, Jerome Powell, has emphasized unity within the Federal Open Market Committee (FOMC), the board…
US Fed chair Jerome Powell (File photo by AP) The US Federal Reserve’s Federal Open Market Committee (FOMC), led by Fed Chair Jerome Powell on Wednesday cut the key rate by 25 basis points. The rate now stands between 3.5 percent and 3.75 percent, the lowest level in nearly three years. “In support of its…