Investors are fleeing U.S. assets like Treasurys and the dollar, with the 10-year Treasury yield soaring above 4.5% and the U.S. dollar index hitting a 3-year low on Friday, signaling concerns over waning dollar dominance and the currency's appeal as a global reserve amid trade tensions.
Despite a surge in AI spending, with 67% of organizations planning to maintain or increase investments, a mere 21% report proven outcomes, highlighting a concerning lack of clear roadmaps and measurable goals, as 64% of companies admit, compounded by looming governance, ethics, and risk challenges anticipated by 43% in the …
Fintech founder Albert Saniger faces fraud charges for deceiving investors by falsely claiming his shopping app Nate used AI automation, when it relied on human labor, leading to over $50 million in losses for backers like Coatue and Forerunner Ventures.
Stocks plunged on Thursday, erasing gains from the previous day's rally, as investors grappled with the uncertainty surrounding President Trump's 90-day tariff reprieve and the potential for escalating trade tensions with China.
In a historic rally fueled by easing trade tensions, markets soared with the S&P 500 skyrocketing 9.52%, the Dow Jones Industrial Average surging 7.87%, and the Nasdaq Composite leaping 12.16%, marking their biggest one-day gains in over a decade.
Stocks plummeted on Tuesday, with the Dow Jones Industrial Average plunging 320.01 points or 0.84%, as investor anxiety escalated ahead of President Trump's looming tariff deadline, erasing a short-lived relief rally and pushing major indices to multi-month lows.
Oil prices plummeted to 2021 lows as escalating trade tensions and OPEC+'s output hike stoked fears of a supply glut, potentially crippling Russia's economy and challenging Trump's 'drill, baby, drill' agenda, though some producers aim for growth.
The escalating trade war triggered a massive Wall Street selloff and retaliatory tariffs from allies like Canada and the UK, signaling an intensifying global economic clash with far-reaching consequences.
The Federal Reserve faces a delicate balancing act as Trump's tariffs threaten to boost inflation while simultaneously slowing economic growth, potentially forcing the Fed to choose between curbing rising prices or supporting a faltering economy amid forecasts of soaring inflation and stagnant or recessionary growth.
US stocks plummeted in Q1 2023, their worst quarter in 3 years, as investors fled to safe havens ahead of President Trump's April 2nd announcement threatening sweeping global tariffs, sparking fears of stagflation, recession and deglobalization despite some experts' skepticism that Trump's tariffs alone can reverse globalization.