NEW YORK – U.S. stock market closed higher on Thursday after an encouraging inflation report eased investor concerns and raised hopes that the Federal Reserve may continue cutting interest rates next year. Strong earnings from Micron Technology also helped stabilise artificial intelligence (AI) stocks after recent declines. Read More: AI chip demand to drive up […]
inflation data
US dollar steady ahead of inflation data
SINGAPORE – The US dollar held firm on Friday, heading for a modest weekly gain as investors awaited delayed US inflation data and anticipated that the Federal Reserve would proceed with an interest rate cut next week. The dollar index stood at 98.92, on track for a 0.37% weekly rise, while the euro and sterling […]