The S&P 500 extended its winning streak amid cautious optimism, as investors awaited pivotal tech earnings and economic data while seeking clarity on potential US-China trade deals amidst tariff uncertainty.
The IMF cautioned that Trump's tariffs could severely hamper global economic growth, slash US growth projections, fuel domestic inflation beyond the Fed's target, and heighten the risk of a recession in the United States.
Global venture funding skyrockets to a staggering $113 billion in Q1 2025, fueled by OpenAI's record-breaking $40 billion raise and Google's planned $32 billion Wiz acquisition, signaling a resurgence in startup exits.
Financial giants are aggressively investing in generative AI, with firms like Moody's developing AI agents for specialized tasks, fueling a surge in spending projected to reach $126.4 billion by 2028 as the industry taps into AI's 'co-working' capabilities.
A lesser-known approach for startups involves raising modest capital under $1M while retaining most equity, offering an optimal balance of potential returns, time to exit, and minimal financial risk compared to VC funding or bootstrapping.
As AI disrupts the gig economy, Venezuelans who relied on data annotation and content writing jobs face dwindling opportunities, with poor internet access and outdated hardware limiting their ability to adapt to more complex AI-related tasks.
The Federal Reserve is resisting pressure from the White House and Wall Street to boost Treasury bond purchases, as it aims to avoid the perception of panicking or bailing out specific entities, despite volatile Treasury market conditions, opting for a measured regulatory process that could take months.
A majority of CEOs are bracing for a potential recession within the next six months, with over 60% anticipating one, as trade tensions and tariffs weigh heavily on their businesses, causing profit concerns, according to a survey by Chief Executive.
A Federal Reserve Bank of New York survey revealed mounting economic fears among consumers, with a surge in expectations of higher unemployment, soaring inflation concerns, and diminished optimism about stock market gains, reflecting the impact of the intensifying global trade war.
Mira Murati, ex-CTO of OpenAI, aims to raise an unprecedented $2 billion seed round for her ambitious AI startup Thinking Machines Lab, focused on customizable, multimodal, and safe AI systems amidst soaring AI funding.