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IMF Urges South Africa to Set Planned Fiscal Rule Up for Success
South Africa’s plan to control public finances via a so-called fiscal rule will help restore policy credibility but it will need significant support to succeed, according to the International Monetary Fund.
Schwab CEO Says Markets-Savvy Gen Z Joins Dip-Buying Frenzy
It’s a new generation of investors that keep showing up to buy US equities at every pullback, according to Rick Wurster, chief executive officer of Charles Schwab Corp.
US Economy: Jobless Claims Decline Slightly, Trade Gap Narrows
Applications for US unemployment benefits edged down last week as initial claims decreased by 1,000 to 213,000 in the week ended March 7. Meanwhile, the US trade deficit narrowed in January as exports increased, with the gap in goods and services trade shrink…
Voya Limits Data Center Credit Investing on AI Demand Worries
Technology companies have borrowed billions to fuel the rapid expansion of data centers for AI, but that demand is at risk of reaching a plateau before the debts are all paid back, according to Voya Financial Inc.’s investment arm.
Record Oil Shock From Iran War Tests Crisis Tools
Traders, banks and consultants are doubtful the release of emergency stockpiles can be swift enough to plug the yawning supply gap.