Chinese AI startup Moonshot AI released its Kimi K3 model, triggering a broad market selloff that dragged Bitcoin below $64,000, Ethereum near $1,800, Solana around $75, and XRP near $1.07. The Fear &…
Bank of America named Kevin Milsom as head of platforms AI transformation and moved Amy Avery's Analytics, Modelling & Insights team under the platforms group to centralize AI and data-driven insights…
U.S. manufacturing output was unchanged in June but grew at a 4.7% annualized rate in the second quarter, the fastest in five years, driven by AI investment and inventory accumulation amid Middle East…
Cleveland Fed President Beth Hammack warned that inflation remains stubbornly high at 3.5% year-over-year, nearly double the Fed's 2% target, and flagged AI-driven demand as a new inflationary pressur…
Alphabet and Intel are set to report earnings next week that could reshape the dominant AI trade, with investors watching for signs that profit growth can sustain a stock market navigating uncertainty…
Global stocks lost $1.3 trillion in value as the artificial intelligence trade reversed, hitting AI and semiconductor stocks including Micron Technology, SK Hynix, and Samsung Electronics. The Nasdaq …
Asian stocks slipped on Friday after a selloff in chipmakers dragged down Wall Street as investors questioned whether massive artificial intelligence investments can justify lofty valuations. The MSCI…
Federal Reserve Vice Chair Philip Jefferson warned on February 6 that the artificial intelligence investment boom could fuel inflation before productivity gains materialize, creating a timing mismatch…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Dallas Fed President Lorie Logan said on June 5, 2026, that wages are not fueling US inflation, pointing instead to energy prices driven by geopolitical tensions including the Iran conflict. Logan ack…
Bank of America CEO Brian Moynihan warned on July 16 that Anthropic's Mythos AI poses a legitimate threat to the financial system, citing the model's ability to autonomously discover and exploit softw…
Central banks including the Federal Reserve, Bank of Korea, European Central Bank, and London School of Economics converge on a two-phase theory: AI spending drives prices up now, but productivity gai…
Seoul shares extended losses late Thursday morning, with the benchmark KOSPI falling 7.16 percent to 6,762.92, led by chip stocks amid escalating Middle East conflict and renewed AI valuation concerns…
Asian equities dropped on Thursday, led by a 4.5% decline in South Korea's Kospi, as a sell-off in semiconductor stocks revived concerns about the sustainability of the artificial intelligence trade. …
A Federal Reserve survey shows rising economic activity and easing inflation, with the annual CPI rate dropping from 4.2% in May to 3.5% in June, though inflation remains above the Fed's 2% target. AI…
Federal Reserve Chairman Kevin Warsh on Tuesday and Wednesday declined to specify how he would tackle inflation, telling lawmakers he wants to be "more circumspect" in communications, while colleagues…
Federal Reserve Chairman Kevin Warsh deflected Democratic criticism during his first congressional testimony this week, facing questions about his ties to President Trump and an AI task force led by b…
Federal Reserve Governor Lisa Cook said on July 15 that disinflation is possible but warned that risks from tariffs, AI-related spending, and geopolitical conflict could keep inflation elevated, signa…
Federal Reserve Chair Kevin Warsh sidestepped Senate questions on inflation, AI, and contact with President Donald Trump during his second day of congressional testimony, frustrating Fed-watchers by a…
Federal Reserve Chair Kevin Warsh told Congress that the artificial-intelligence investment surge may cause a temporary price bump but does not signal long-term inflation, pushing back against panic o…