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  • Nov 26, 2024

Gold Pares Gains as Inflation Affirms Fed’s Cautious Easing Path

(Bloomberg) -- Gold eked out small gains as the dollar extended losses after the latest US data showed a key inflation gauge picked up last month, reinforcing expectations that the Federal Reserve will adopt a measured approach to lowering interest rates.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for

  • Nov 26, 2024

Instant view: US PCE price inflation ticks higher in October, as expected

In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a similar increase in September. In the 12 months through October, core inflation increased 2.8% after climbing 2.7% in September.

  • Nov 26, 2024

Should You Buy Bitcoin While It's Less Than $100,000?

Unless you've been living under a rock, you've likely seen Bitcoin (CRYPTO: BTC) skyrocket over the past few weeks. Is Bitcoin's inability to breach $100,000 a red flag, or is this a golden opportunity to buy? Let's explore why Bitcoin stumbled at this milestone, what lies ahead, and whether it's still worth adding to your portfolio.

  • Nov 26, 2024

US third-quarter economic growth unrevised at 2.8%

The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending. Slight downward revisions to consumer spending, government outlays and exports, were offset by upgrades to private inventory accumulation, business investment as well as state and local government spending. Consumer spending, which accounts for more than two-thirds of economic activity, grew at a still-brisk 3.5% pace.

  • Nov 26, 2024

Google to test plain 'blue link' results for hotel searches in EU markets in latest DMA twist

Google has announced it's making more changes to how it displays search results in the European Union in response to continued complaints that it's failing to comply with the bloc's Digital Markets Act (DMA). This will include what it bills as a “short test” of plain “blue link” style search results for hotel queries in three EU markets (Belgium, Estonia, and Germany), which will be akin -- the company suggests -- to how its search engine originally displayed results. The EU's flagship market co

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