Scott Bessent’s attempts to suppress interest rates could spark a recession
The bond market can be tricky for even its most sophisticated and well-armed participants. Just witness how Scott…
Inflation is outpacing wage growth again, squeezing Americans’ paychecks
Wage growth for U.S. workers has cooled substantially from the pandemic period while inflation remains elevated, a trend…
Oracle stock trims gains as AI cloud demand outpaces supply
What happened: Oracle (ORCL) trimmed gains after popping more than 2% on Friday. What’s behind the move: The…
OpenAI hires Chuck Schumer’s daughter as Big Tech cozies up to Democrats ahead of midterms: report
OpenAI has reportedly hired Senate Minority Leader Chuck Schumer’s daughter Jessica Schumer for a top policy job as…
AI trade faces test with next week’s Oracle earnings
The coming week could be pivotal for Oracle and the AI complex. The day after OpenAI Foundation’s presentation…
Prediction market traders think job creation rebounded in August
A job seeker holds a flyer as they receive information about education careers with the Los Angeles Unified…
Indexes Fall After US Strike
Wall Street closed out August on a downbeat note Monday as stocks fell and the price of…
SpaceX is ‘attractively valued’ after $100 billion Louisiana spaceport plan, Morgan Stanley says
Investors aren’t appreciating the full scope of the ambition behind SpaceX’s decision to build a $100 billion spaceport…
VIDEO: Friday Finance with David Chau – ABC News & Headlines – Australian Broadcasting Corporation
VIDEO: Friday Finance with David Chau ABC News & Headlines – Australian Broadcasting CorporationWhy your pay is going backwards,…
Retail investors stick with AI trade but appear more cautious
POLAND – 2025/02/24: In this photo illustration, an Artificial Intelligence (AI) logo is displayed on a smartphone with…
‘Nostradamus of AI’ blamed for massive $15B loss at secretive trading giant Jane Street
Jane Street took a $15 billion hit in July from its exposure to AI-focused hedge fund Situational Awareness and other…
‘Big Short’ investor Steve Eisman sees an Achilles’ heel in the AI boom
Steve Eisman is warning that the artificial intelligence boom has become increasingly dependent on the fortunes of just…