Global borrowing costs hit fresh highs as the US 30-year Treasury yield reached 5.33%, its highest since June 2007, and the UK 30-year gilt yield rose to 5.85%, driven by rising oil prices near $90 a …
China's exports jumped 27% in June from a year earlier, driven partly by the AI boom, the customs agency said Tuesday. Imports surged 36%, with analysts attributing the rise in part to the Iran war dr…
Inflationary pressures persist from multiple sources including a 'Godzilla' El Niño disrupting agricultural commodities, the AI boom driving up chip demand and prices, Trump tariffs still being passed…
Bank of America warned that AI investors face a reality check as extreme speculation and high valuations signal a potential market snapback. The S&P 500's nine percent gain this year masks growing gap…
China's factory activity expanded in June, with the official manufacturing PMI rising to 50.3 from 50 in May, driven by robust demand for AI hardware exports. The improvement exceeded economists' expe…
The AI boom may be entering its final stages as stock volatility surges and companies rush to raise cash, with analysts at Capital Economics warning of an equity bubble close to bursting. The Nasdaq h…
Asian stocks were mixed on Wednesday after a sell-off in big technology stocks from Asia to Wall Street, with South Korea's Kospi recovering slightly from a 10% decline and Tokyo's Nikkei 225 falling …
Wall Street is debating whether a surge in mega-IPOs and secondary offerings from SpaceX, OpenAI, Anthropic, and Alphabet signals a market downturn or continued strength. Capital Economics warns that …
The Bureau of Labor Statistics reported 172,000 jobs added in May, nearly triple Goldman Sachs' forecast and well above Wall Street's consensus of roughly 89,000. Analysts warned the strong headline m…