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.
Safe Superintelligence, founded by former OpenAI chief scientist Ilya Sutskever, secures $2 billion funding at a $32 billion valuation despite having no public product, with major investors including Andreessen Horowitz, Alphabet, and Nvidia backing the 20-employee startup developing AI models on Google's TPUs.
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.