Big Tech companies have collectively spent over $1 trillion on artificial intelligence development, prompting Federal Reserve policymakers to worry about inflationary pressures from AI infrastructure …
A Gallup poll released this week found that 39% of Americans now believe AI does more harm than good, up from 31% in 2024 and 2025, while only 9% think it does more good than harm, down from 12% last …
Reuters reports that AI-related stocks experienced volatility this week as SK Hynix posted a record sixfold leap in quarterly operating profit but missed forecasts, sending its stock down nearly 10%, …
Wall Street ended higher on the back of a strong chip stock rally after Microsoft's upbeat earnings reinforced confidence in the AI story, while Meta tumbled after reporting a major decline in free ca…
Microsoft Corp. shares surged 15.2% Thursday after reporting stronger-than-expected quarterly profit, leading a broad stock market rebound that lifted the S&P 500 0.9% and the Nasdaq composite 1.8%. T…
The Trump administration on July 28th unveiled bans targeting imports of new Chinese robots and power inverters, seeking to protect the U.S. AI buildout from national security threats and reshore key …
Microsoft's AI-driven earnings surge contrasted with Meta's slump, signaling a potential shift in the AI trade narrative, according to D.A. Davidson's Head of Technology Research Gil Luria. Meanwhile,…
The Nasdaq Golden Dragon China Index of US-listed Chinese companies rose 1.7% since the Fed's July rate-decision meeting, outperforming the Nasdaq-100 which slumped 2.1%, as confusion over Fed policy …
Microsoft shares surged after strong quarterly results, while Meta fell as its sharply increased AI investments drew investor scrutiny. The moves came after the Federal Reserve left interest rates unc…
The U.S. economy likely grew at a 2.1% annualized rate in the second quarter, matching the prior period, according to a Reuters survey of economists, driven by an AI investment boom and a rebound in c…
Asian stocks struggled for direction on Thursday after a US$2 trillion rout in South Korea's equity market and a divided US Federal Reserve left investors uncertain on interest rates. Chipmakers were …
Seoul shares opened higher Thursday, with the KOSPI up 0.35% to 5,683.09, as investors sought bargains after a sharp decline amid AI spending concerns. The index had plunged 5.98% on Wednesday followi…
Wall Street closed sharply lower on Wednesday after the Federal Reserve held interest rates steady, with the Nasdaq 100 index dropping 2.1% and marking an 11% decline from its June record high as inve…
Federal Reserve Chair Kevin Warsh told the Senate Banking Committee on July 15 that the current wave of AI investment is not a bubble but capital expenditure that will expand the economy's productive …
Federal Reserve Chair Kevin Warsh announced the Fed's 9–3 decision to maintain interest rates at 3.5%–3.75%, emphasizing a strict 2% inflation target and highlighting strong economic resilience driven…
The Bank for International Settlements warns that the AI boom is complicating central bankers' ability to maintain stable prices, a strong job market, and a sound financial system by blurring traditio…
Socialist lawyer Matt Bruenig used Anthropic's Claude Code to challenge a Wall Street Journal claim that 49% of U.S. adults under 30 lived with a parent in 2023, up 12 percentage points from 2019. Bru…
The S&P 500 rose 0.21% to 7,428.78 on Tuesday as gains in Boeing and Coca-Cola offset tumbling chip stocks ahead of quarterly reports from Apple and other tech companies, with investors concerned abou…
The Bank for International Settlements warned on Tuesday that the artificial intelligence boom is blurring the economic signals central banks rely on to set interest rates, creating a dual shock to bo…
US tech stocks fell before the bell Tuesday as a sell-off in Korean memory makers deepened, with Nasdaq-100 futures sliding 0.9% and S&P 500 futures dropping 0.2%, while Dow futures edged up 0.1%. Sou…