beating

The Federal Reserve is on the cusp of doing what some thought was impossible: Beating inflation without a deep recession

WASHINGTON (AP) — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” topped the TV charts. But now the Federal Reserve appears to be on the verge of defeating them – and without the rise in unemployment and the deep recession that many economists had … [Read more…]

Baidu shares rise after beating earnings. AI makes money, but there are risks. -Barron’s

Baidu shares rose on Tuesday after the Chinese technology company reported better-than-expected quarterly results, giving investors hope for growth in its artificial intelligence business amid risks to the sector. Baidu (ticker: BIDU) reported profit of 20.40 Chinese yuan ($2.86) per share on revenue of 34.5 billion yuan ($4.8 billion), beating expectations FactSet reported earnings of … [Read more…]