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Russian central bank surprises markets by holding key rate at 21%

MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble. KIRILL Kudryavtsev | AFP | Getty Images Russia’s central bank on Friday unexpectedly left its key interest rates unchanged at 21%, citing improved monetary …

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Google’s counteroffer to the government trying to break it up is unbundling Android apps

The Department of Justice’s list of solutions for fixing Google’s illegal antitrust behavior and restoring competition in the search engine market started with forcing the company to sell Chrome, and late Friday night, Google responded with a list of its own (included below). Instead of breaking off Chrome, Android, or Google Play as the DOJ’s filing considers, Google’s proposed fixes …

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PCE inflation November 2024:

Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday. The personal consumption expenditures price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October. The measure indicated a 2.4% inflation rate on an annual basis, still …

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