America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth. Hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans give this economy a near-record-low rating.
Meta (META) stock took a beating on Thursday after the company said during its third quarter earnings report that it plans to further hike AI spending for the rest of this year and in 2026.
US President Donald Trump emerged from his meeting with Chinese leader Xi Jinping beaming, labeling the conversation “truly great.”
The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy.
Microsoft (MSFT) reported its first quarter earnings after the bell on Wednesday, topping analysts expectations on the top and bottom line as its cloud business continues to outperform. For the quarter, Microsoft saw commercial cloud revenue of $49.1 bi
The dollar index (DXY00) on Tuesday fell slightly by -0.12%. The dollar traded on the defensive ahead of the 2-day FOMC meeting that ends Wednesday, which could yield a dovish outcome with hints of further rate cuts and a possible end to quantitative tig
Keen to bolster a domestic nuclear industry that’s built just three reactors this century, the Trump administration is opting to use a government-investment strategy it’s applied to the mining, steel and semiconductor industries.
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
Already the world’s richest man, Elon Musk is defending his proposed $1 trillion Tesla pay package—arguing it’s less about joining the trillionaires club and more about making sure he can’t be sidelined.
President Trumps closely-watched summit with Chinese President Xi Jinping is set for this Thursday in South Korea with increasing expectations after the weekend of advance talks have resulted in an environment that both sides say could be conducive to co
Bitcoin miners are using their computing power to service a thirsty AI boom, and investors are taking notice. Companies once focused solely on mining digital tokens are signing long-term contracts using their land, energy, and data centers for AI workloa
Septembers Consumer Price Index (CPI) is expected to show inflation holding stubbornly around 3%, underscoring how tariffs and service-sector stickiness continue to complicate the Federal Reserves path toward its 2% target.
Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the companys plans to invest $600 billion in the U.S. in the next few years. The servers contain special chips that help Apple deliv
Anthropic PBC is in discussions with Alphabet Inc.’s Google about a deal that would provide the artificial intelligence company with additional computing power valued in the high tens of billions of dollars, according to people familiar with the matter.
Gold futures (GC=F) prices tumbled in their biggest daily drop in over a decade as a stunning rally in precious metals came to a halt. Spot gold dropped as much as 6%, to hover around $4,105 per troy ounce, its largest one-day drop since 2013.
