The Supreme Court upheld President Donald Trump's power to fire heads of independent federal agencies, overturning a 91-year-old precedent, but allowed Federal Reserve Governor Lisa Cook to remain in …
US IPOs and share sales hit a record $251 billion in the first half of 2026, driven by SpaceX's $86.2 billion listing and Alphabet's $85 billion fundraise. AI infrastructure spending is fueling demand…
US stocks fell sharply on June 5, 2026, as stronger-than-expected jobs data fueled rate hike fears and AI spending scrutiny intensified. The Nasdaq dropped 4%, led by chipmakers, amid concerns that hi…
Former Kansas City Fed President Esther George warns that the Federal Reserve under new chair Kevin Warsh will likely raise interest rates, contradicting President Trump's calls for cuts. George cited…
Former Kansas City Fed President Esther George advises Americans to plan for higher interest rates under new Fed Chair Kevin Warsh, citing persistent inflation above the 2% target and the possibility …
Investors face a busy week with the June jobs report, falling oil prices, and ongoing AI spending concerns. The S&P 500, Dow, and Nasdaq all edged lower on Friday, while markets await key economic dat…
A contrarian view from Citi Research's Andrew Hollenhorst and Brookings' Robin Brooks argues that the Federal Reserve will cut rates later this year, contrary to Wall Street expectations of hikes, cit…
Oil prices are falling, but the Federal Reserve now faces a potential new inflation threat from massive AI infrastructure spending by tech giants like Amazon and Google. TD Cowen expects hyperscaler s…
Treasury Secretary Scott Bessent pursued a more active role in AI policy after financial institutions warned that advanced models could threaten critical infrastructure, including Federal Reserve paym…
The Nasdaq Composite fell 4.18% and the S&P 500 dropped 2.64% on June 5, 2025, as a tech selloff driven by growing skepticism about artificial intelligence investments rattled markets. Semiconductor a…
Switzerland's FINMA, led by President Marlene Amstad, is spearheading a global regulatory push to deploy AI-powered supervisory tools across markets covering 95% of global finance, aiming to counter r…
Minneapolis Federal Reserve president Neel Kashkari said Friday he has penciled in one interest rate hike by the end of the year, citing AI infrastructure build-out and inflation risks from the Iran c…
Education's 250-year-old colonial model, designed for information scarcity, persists despite irrelevance, costing students and society through declining enrollment and looming college closures. AI sho…
Anthropic's unreleased AI model, Claude Mythos, demonstrated to the House Homeland Security Committee in May 2026, can chain software vulnerabilities to theoretically drain private bank accounts, alar…
Moody's chief economist Mark Zandi warns that the U.S. economy is increasingly dependent on the spending of the richest 20% of households, who now account for 60% of personal outlays, driven by stock …
Global tech stocks experienced extreme volatility this week, with AI-related shares swinging sharply amid concerns about high capital expenditure and rising chip costs. Apple's price hike on iPads and…
South Korea's KOSPI crashed nearly 10% on June 23, triggering a circuit breaker, after Broadcom's Q3 AI chip guidance of $16 billion missed Wall Street's $17.2 billion estimate. The miss exposed the f…
South Korean stocks plunged late Friday morning as investors sold tech shares to lock in profits from the previous session's rally, with the KOSPI dropping 5.61 percent to 8,429.14, triggering a sell-…
South Korean stocks opened lower Friday, with the KOSPI falling 1.71% amid tech losses on Wall Street and profit taking after a sharp rise the previous session. Investors are concerned about valuation…
The bond market's muted reaction to the Federal Reserve's hawkish signal reveals that long-term interest rates, which drive the cost of the $39 trillion national debt, are falling due to cooling infla…