The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday, causing a ripple effect that could raise rates on mortgages, student debt, auto loans and more. After Federal Reserve Chair Jerome Powell said “inflation is still too high,” expectations that the U.S. central bank could continue to …

More than 100 mayors attended Bloomberg CityLab’s Mayors Innovation Studio to learn about using artificial intelligence in city government. Courtesy of Bloomberg Philanthropies More than 100 mayors descended on Washington, D.C. this week to learn how generative AI tools like OpenAI’s ChatGPT could help them better run their cities. The …

Hundreds of American citizens are trapped in the besieged Gaza Strip under constant Israeli bombardment and have received no help in finding ways to escape, according to interviews with individuals on the ground.  The State Department says as many as 600 Americans are in the enclave that since Oct. 7 …

Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Stock Chart IconStock chart icon Regional banks selling off Regions Financial, a Birmingham, Alabama-based lender, posted a 6.5% decline in net interest income (NII) compared with …

An undated conceptual illustration of China’s technology aspirations. Yaorusheng | Moment | Getty Images Chinese technology giants including Alibaba and Tencent are among backers of Zhipu, the company said on Friday, an artificial intelligence start-up the country is hoping can be an answer to American firm OpenAI. Zhipu has raised …

U.S. President Joe Biden, accompanied by Vice President Kamala Harris and U.S. Secretary of State Antony Blinken, makes remarks after speaking by phone with Israeli Prime Minister Benjamin Netanyahu about the situation in Israel following Hamas’ deadly attacks, from the State Dining Room at the White House in Washington, October …

Solar panels at the ENGIE Sun Valley Solar project in Hill County, Texas, on March 1, 2023.  Mark Felix | AFP | Getty Images Solar stocks tumbled on Friday after solar product manufacturer Solaredge warned that demand in Europe has significantly weakened, furthering battering sentiment on the renewable energy sector …

Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point for the second time this week, as confidence a spot bitcoin ETF will soon be greenlit grew and crypto investors continued weighing uncertainty in the U.S. and abroad. The price of the flagship cryptocurrency was recently up …

Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024. Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches …

Labour party candidate Sarah Edwards, centre, after polls closed in the Tamworth by-election on October 20, 2023 in Tamworth, England. Christopher Furlong | Getty Images News | Getty Images LONDON — U.K. Prime Minister Rishi Sunak’s Conservative Party suffered two historic by-election defeats on Thursday, with the main opposition Labour …