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2025 › February › 07
12 months ago
Apple has been ordered by the U.K. to provide officials access to users' encrypted accounts, the Washington Post reported Friday.
Elon Musk's X faces criminal probe in France over algorithm manipulation concerns ○
French prosecutors have opened an investigation into X over allegations that it distorted its algorithms.
India’s central bank cuts rates for the first time in nearly five years, forecasts faster growth next year ○
The central bank forecast real GDP growth for next fiscal year at 6.7%, and inflation rate at 4.2%.
Look to India, Japan for ‘quality alpha' amid market uncertainty, investor says ○
Investors searching for "quality alpha" in Asia should look to India and Japan given the uncertainty in China, according to PAG's Lincoln Pan.
U.S. economy added just 143,000 jobs in January but unemployment rate fell to 4% ○
Nonfarm payrolls were projected to increase by 169,000 in January, according to the Dow Jones consensus forecast.
Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say ○
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Part of the funding is expected to be used for Stargate, the joint venture between SoftBank, OpenAI and Oracle announced by President Donald Trump.
Here's where the jobs are for January 2025 — in one chart ○
Health care and retail were strong areas for the U.S. economy in January.
Musk to rehire Treasury DOGE staffer behind racist posts after Trump endorses idea ○
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Marko Elez was on the DOGE team formed by Elon Musk and tasked by President Donald Trump with cutting federal spending and reducing the government workforce.
Minneapolis Fed's Kashkari expects lower interest rates later this year ○
In a CNBC interview, the central bank official expressed confidence that inflation will continue to drift down to the Fed's 2% target.
Consumer inflation fears spike in February as tariff worries hit sentiment ○
Respondents expect the inflation rate a year from now to be 4.3%, a 1-point jump from January and the highest level since November 2023.