Economy & Central Bank News — page 3

As aerospace players pursue expanded collaborations, GE Aerospace moves to secure jet-engine parts through a casting-focused supply chain, with Howmet’s leadership signaling comfort with the arrangement.

Apple's latest foldable iPhone, bolstered by AI capabilities, enters the spotlight at a potential cost burden highlighted by a reported multi-billion price tag.

OpenAI's Astra model release has buoyed sentiment for memory chips, contributing to a rebound in the semiconductor sector and lifting activity on the KOSPI after a late-July trough.

Huawei releases a new foldable device amid intensified competition from Xiaomi and Apple as premium smartphone launches accelerate ahead of a foldable iPhone release.

A strong jobs report boosted expectations for a rate increase, with major indices showing mixed moves at the open as traders reassess policy bets.

Equity averages fell following a surprise employment report, with Lululemon dropping sharply and Tesla under pressure, as new commentary from prominent investors adds to the downside mood.

August PMI data show US services activity at a six-month high and UK services at a four-month peak, with the US composite in line with expectations

AeroVironment secures a landmark $465 million U.S. Army contract to supply laser defense systems, marking a significant milestone for the company’s defense portfolio.

Berkshire Hathaway signals a move to increase holdings in Japan’s leading trading houses, with the chief executive noting plans in a Nikkei interview, as investors weigh AI and energy demand implications.

Activist investor Elliott has acquired a stake in Deutsche Telekom and expressed opposition to a proposed T-Mobile US merger valued at about $300 billion.

Jefferies launches coverage on USA Rare Earth with a Buy rating amid concerns of bottlenecks in critical minerals as electrification demand rises, while the stock’s recent pullback heightens scrutiny.

Markets traded lower as U.S.-Iran strikes renewed geopolitical risk, sending the Dow to a sizable decline while oil prices rose and investors weighed inflation concerns.

Japanese shares slide on broad weakness, while Ito En jumps after reporting fiscal first-quarter results, bucking the market-wide downturn.

A one-day influx of funds into Robinhood Chain apps coincides with a sharp rise in DEX activity on the Ethereum Layer 2, with DeFi deposits and stablecoins nearing $800 million.

OpenAI restricts the cybersecurity capabilities of its Astra AI model, stating the feature set crosses a critical threshold and will be access-limited when released

GoPro announces a merger with Starman Optical, moving to monetize its IP and expand growth across consumer and commercial markets through a $285 million cash transaction.

A dispute between Apple and OpenAI centers on an OpenAI employee allegedly accessing circuit plans after leaving to join a startup, with OpenAI countering that Apple bears responsibility for the dispute

Federal Reserve Chair Kevin Warsh delivered a hawkish address from Jackson Hole, heightening expectations for a September interest rate increase and triggering a wave of crypto market liquidations as bitcoin retreated below the $77,000 mark.

Second-quarter gross domestic product figures show Canadian expansion at 3.3 percent, slightly trailing forecasts, while equity markets process mixed European data and inflation metrics.

Blackstone has sold a stake representing roughly 25 percent of the India-based Knowledge Realty Trust in a transaction valued at approximately $1.25 billion, per wire reports covering the disposal.

Venture capital firm Andreessen Horowitz is deploying $1.1 billion into a newly structured fund focused exclusively on artificial intelligence hardware and computational infrastructure.

Federal Reserve Chair Kevin Warsh told the Jackson Hole Symposium inflation is too high with 'work to do,' advocated for a quieter central bank, and provided his first economic assessment while avoiding specific policy signals.

Motor vehicle maker Lucid initiates a safety recall covering over 27,000 Air sedans after regulators flag a potential fire hazard tied to the interior lighting circuit.

Air New Zealand Ltd. declared a net loss for fiscal 2026, marking its worst annual result since 2023 as elevated fuel prices linked to Middle East tensions and engine availability constraints offset growth in traffic and capacity.

Google has revised its spam regulations in the European Union to mitigate regulatory risks and prevent the imposition of antitrust fines in the region.

France's preliminary consumer price index rose to a 2.4% year-over-year rate in August, up from 2.1%, aligning precisely with market expectations.

A consortium involving Stripe and Advent has abandoned its $50 billion acquisition attempt for PayPal, halting negotiations and concluding the targeted buyout effort.

Federal Reserve Bank of Boston President Susan Collins has pushed back against arguments for an immediate interest rate increase, characterizing recent inflation data as mixed and aligned with a trend of gradual disinflation while maintaining that the current policy stance remains slightly restrictive.

Tokyo inflation recorded a rise in August across headline and core gauges, bolstering prospects that the Bank of Japan will enact a policy rate shift during its scheduled meeting mid-month.

The aerospace manufacturer has entered a $131 billion contract potentially funded by taxpayers, coinciding with an $880 million U.S. Navy award and related equity purchases.