Kevin Warsh, the new Federal Reserve chair, held his first press conference, drawing comparisons to Alan Greenspan and an AI evangelist by avoiding macroeconomic forecasts. The stock market has risen …
US President Donald Trump claims prices are dropping and oil is flowing after a US-Iran peace deal, but data shows petrol prices remain above prewar levels and experts predict they won't normalize unt…
Federal Reserve Chairman Kevin Warsh held his first meeting, keeping benchmark rates steady but signaling less predictable interest rate policy. With four dissenting FOMC votes—the most since 1992—and…
Federal Reserve Chair Kevin Warsh held interest rates steady in his first meeting, striking a hawkish tone on inflation and signaling a broader shakeup at the central bank. Business leaders and econom…
Federal Reserve Chair Kevin Warsh signaled a hawkish stance at his first press conference, emphasizing a strong commitment to the 2% inflation target and dismissing dovish expectations. Markets reacte…
Stocks fell after the Federal Reserve's first policy meeting under new Chair Kevin Warsh, as a hawkish dot plot signaled a potential rate hike this year. The S&P 500, Nasdaq 100, and all Magnificent 7…
The Federal Reserve held interest rates steady at its June meeting, while the dot plot projections signaled a hawkish outlook with higher rates expected through 2027. The decision aligns with market e…
The Federal Reserve is expected to hold interest rates steady at 3.50%-3.75% amid a US AI boom, while the European Central Bank hiked rates to 2.25% despite weak Eurozone growth, creating a policy div…
Korean stocks rebounded late Wednesday morning, with the KOSPI rising 0.13 percent to 8,737.91, as retail investors bought market heavyweights despite a tech-led slide on Wall Street. Investors remain…
Seoul stocks opened lower Wednesday, with the KOSPI down 0.87 percent, following tech declines on Wall Street driven by Nvidia's bond sale plan and caution ahead of the Federal Reserve's policy update…
Meta launched AI Mode on Facebook on June 15, a search feature that generates AI responses from public posts across Meta's platforms, including Instagram and Threads. The feature, powered by Meta's Mu…
Citadel Securities warned that the Federal Reserve should consider interest-rate hikes rather than cuts, citing reaccelerating inflation and a $650 billion AI investment wave that could force tighter …
Nvidia has become the central authority in the AI industry, analogous to the Federal Reserve in finance, due to its dominant position in supplying the hardware necessary for AI computation. The compan…
The Bloomberg US Leveraged Loan Index fell 1.34% in February 2026, its worst monthly decline since 2022, driven by a collapse in software loans amid AI fears. Over $17.7 billion in software debt turne…
Over $1 trillion in value was wiped from the US stock market within two hours of trading, led by a 10.3% plunge in the PHLX Semiconductor Index. Chipmakers lost $1.3 trillion in market capitalization …
Nvidia shares fell 6.2% to $205.10 on June 5, their steepest single-day drop this year, after a stronger-than-expected U.S. jobs report reduced the likelihood of Federal Reserve rate cuts and Senator …
Large technology companies' heavy spending on artificial intelligence development and compute hubs is contributing to price pressures on U.S. consumers, according to a Washington Post report. Federal …
Major stock indexes fell sharply Friday after a strong jobs report raised expectations for a Federal Reserve interest rate hike, with the Nasdaq 100 tumbling more than 3% as AI-related tech stocks led…
Federal Reserve Vice Chair for Supervision Michelle Bowman told Congress on June 4 that tokenized securities should receive the same capital treatment as traditional securities and that the central ba…
San Francisco Federal Reserve President Mary C. Daly warned that state-level AI regulations could disproportionately burden startups and hinder innovation, slowing the technology's potential to delive…