Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible

Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly."Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation...

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Wonder Group food delivery startup gets $100 million Nestle investment

Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It's also developed high-tech kitchen equipment to speed up and simplify cooking.Wonder GroupFood-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to...

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Uber earnings report Q3 2023

CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City.Ilya S. Savenok | Getty Images Entertainment | Getty ImagesUber reported third-quarter results Tuesday that missed analysts' expectations on the top and bottom lines...

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Central banks look to have hit peak rates. Here’s how markets think they’ll come down

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, July 26, 2023.Brendan McDermid | ReutersThe world's major central banks paused their interest...

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UBS q3 2023 earnings

A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit.The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations....

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