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JACKSON HOLE, Wyoming (Reuters) -- Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of an imminent policy easing, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank's 2% target.
Zoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected results for the second quarter and raised its full-year guidance.
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses.
The world’s hottest gambling stock is riding strong demand for online betting at home in the Philippines, even as the global industry faces increasing scrutiny.
“Running a cinema hall in India is no longer profitable,” Subramaniam told This Week in Asia, surveying the once-bustling lobby of his Sri Sakthi chain. His words cut to the heart of a seismic shift sweeping through the world’s largest film industry, which produces nearly 2,000 feature-length movies annually in 20 different languages. Across the country, cinema halls are closing at an alarming rate, repurposed as everything from apartment buildings to wedding venues.
ULAANBAATAR, Mongolia (AP) — With its reindeer sleigh rides, camel racing and stunning landscapes with room to roam, Mongolia is hoping to woo visitors who are truly looking to get away from it all.
A construction boom in the U.S. has resulted in lower rents and other benefits for renters.
