Tag: Markets
The dollar is being punished for the jobs data that revealed how weak the U.S. economy really was
The dollar, which has lost value all year against foreign currencies, had been making a comeback in recent weeks. But Friday’s jobs number from...
Labor department’s data upset may have sealed the deal for a base rate cut
Until Friday, analysts had little confidence that the U.S. Federal Reserve was about to deliver an interest rate cut, but last week’s revisions to...
Stocks dive as job numbers disappoint and tariff ‘panic’ sets in
More last-minute modifications to tariff rates and a disappointing July jobs report weighed heavily on investors as the market opened Friday.
The Dow Jones Industrial...
‘Artificial stupidity’ made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals
Artificial intelligence is just smart—and stupid—enough to pervasively form price-fixing cartels in financial market conditions if left to their own devices.
A working paper posted...
Stocks slide globally as investors digest Trump’s new tariffs—and analysts warn the worst is yet to come
Global stocks are sliding after President Trump’s new tariff announcement, with S&P 500 futures down nearly 1% and major indices worldwide falling. Analysts warn...
Andy Jassy says Amazon has chosen to ’embrace’ AI, promising it ‘will make all our teammates’ jobs more enjoyable’
Andy Jassy, who sent shockwaves through the jobs market as one of the first major chief executives to say that “AI will mean fewer...
Apple sets quarterly revenue record as earnings broadly beat expectations, shares climb
Apple blew past Wall Street expectations with its third-quarter earnings report released Thursday, revealing robust growth driven by persistent iPhone demand, surging services revenue,...
The Fed’s Powell said ‘downside risks’ six times in his press conference yesterday—is that bad news for tomorrow’s jobs number?
U.S. Federal Reserve Chairman delivered an entirely predictable press conference yesterday as he kept interest rates on hold at the 4.25% level and said...
Europe surrenders to Trump (and thus secures a victory by the back door)
Stocks are up this morning on the certainty of a new trade deal between the U.S. and the EU. American businesses and consumers will...
S&P 500 sets 5 all-time highs in one trading week
Stocks climbed to more records on Wall Street. The S&P 500 rose 0.4% Friday, setting an all-time high for the fifth time this week....
