The S&P 500’s headline calm has masked a sharp internal reshuffle, with money rotating away from crowded AI-linked trades as investors start demanding clearer evidence that heavy spending will turn into profits, according to JPMorgan Private Bank’s Global Investment Strategist, Kriti Gupta.That shi…
President Donald Trump has reportedly instructed the U.S. military to launch a fresh offensive against Iran that could begin as early as this weekend, according to U.S. officials cited in an exclusive report by The Wall Street Journal.The targeted operations, expected to span several days, aim to f…
Federal Reserve Chairman Kevin Warsh is evaluating proposals to decrease the frequency of the central bank's official policy-setting gatherings, a move that would represent one of the most substantial operational changes to the institution in decades, according to a report by The New York Times.Dur…
President Donald Trump has reportedly instructed the U.S. military to launch a fresh offensive against Iran that could begin as early as this weekend, according to U.S. officials cited in an exclusive report by The Wall Street Journal.The targeted operations, expected to span several days, aim to f…
The Personal Consumption Expenditures (PCE) Index, which is the Federal Reserve’s preferred gauge of inflation, advanced 3.7% in June on an annualized basis.The Commerce Department data showed that core PCE, which excludes food and energy, rose 3.3% on an annualized basis in June, up 0.1% on a mont…
U.S. stock futures moved lower in pre-market trade on Wednesday after President Donald Trump told Fox News the U.S. will be "hitting Iran hard" following what U.S. Central Command described as a "surprise attack" by Iranian forces on U.S. troops in the Middle East.CENTCOM said Islamic Revolutionary…
The Federal Reserve’s July meeting is slated to begin today, where policymakers will decide on key interest rates amid the ongoing conflict with Iran and inflation pressures. Nearly seven in ten retail investors expect the central bank to hold rates steady at this week's FOMC meeting, according to…
Citadel Securities is forecasting a surprise interest rate hike by the Federal Reserve this week, a bold move that would test financial markets and signal a decisive shift in central bank communication under Chairman Kevin Warsh.A quarter-point rate increase on Wednesday would reaffirm Warsh's comm…
U.S. President Donald Trump on Monday warned that Washington is ready to resume "very strong military action" if diplomatic talks with Iran fail. The warning follows his decision on Friday to pause military strikes to give diplomatic negotiations a fair opportunity."We are in very deep talks with I…
U.S. stock futures moved higher in overnight trading on Sunday after the United States and Iran paused military strikes over the weekend, sending oil prices sharply lower. Investors also turned their attention to a busy week ahead, with earnings from four “Magnificent Seven” companies and the Feder…
U.S. President Donald Trump is reportedly considering restarting major combat operations against Iran, following attacks on Saudi oil tankers by the Yemen-based militant group Houthi.According to an Axios report on Thursday, Trump said the planned operations could involve strikes larger than Operat…
The Trump administration on Wednesday announced more than $5 billion in federal commitments to expand the Genesis Mission, a government-wide initiative that uses AI to accelerate scientific discovery across healthcare, semiconductors, quantum computing, energy and national security.Announced by Whi…
Treasury Secretary Scott Bessent on Tuesday said that the Trump administration will scrutinize open-source AI models to check for evidence of intellectual property theft.During an interview with Fox Business, Bessent said that while the Trump administration supports open source AI technology, it do…
Byron Deeter, a partner at Bessemer Venture Partners, dismissed fears about Chinese artificial intelligence (AI) technology as “misplaced” on Monday, following the launch of Moonshot AI’s Kimi K3 model last week.During an interview with CNBC, Deeter said that the notion that corporate America will…
U.S. stock futures climbed higher in the overnight session late Sunday ahead of a key earnings week, even as the conflict between the U.S. and Iran escalated over the weekend.Nasdaq-100 futures climbed 0.45%, Dow futures were up 0.04%, and S&P 500 futures rose 0.14% at 9:11 PM EDT.Among ETFs tracki…
For years, the race to build better artificial intelligence centered on making models bigger, feeding them more data, and expanding the amount of information they could process at once. Now, a fresh frontier is emerging as researchers increasingly explore smarter memory management as another way to…
Federal Reserve Chair Kevin Warsh on Tuesday said that it’s no secret that he was critical of the central bank’s framework announced in 2020.During his congressional testimony, Warsh called the framework a mistake and added that it did not succeed in its objective.“That central bank wasn’t the firs…
U.S. stock indices ended lower on Monday as oil prices and bond yields spiked, following fresh U.S.-Iran tensions over the Strait of Hormuz, fanning inflation worries.The S&P 500 ended 0.8% lower, while the Nasdaq 100 fell 1.9% and the Dow Jones Industrial Average eased 0.3%. The Russell 2000, whic…
The U.S. military will begin enforcing a maritime blockade on Iran on Tuesday, the U.S. Central Command said on Monday. The announcement came after President Donald Trump said earlier on Monday that the U.S. had reinstated a naval blockade against Iran as Tehran and Washington battle for control of…
Federal Reserve Governor Christopher Waller said on Monday that another hotter-than-expected core inflation reading could prompt policymakers to consider tightening monetary policy.Waller’s comments come a day ahead of the Consumer Price Index (CPI) print for June, which is scheduled to be released…
