Warnings from OpenAI and Anthropic leaders jolted the AI trade, sending SanDisk down 5% and Nvidia down 3% in premarket trading as executives raised fears about lost control, concentrated power, and development moving faster than safety measures.
Bank of America shares slid 5% after CEO Brian Moynihan forecast a greater than 10% drop in third quarter investment banking fees, marking a dramatic slowdown from the bank’s blockbuster second quarter performance.
Trump says existing government powers can police AI companies without new restrictions, while Amodei and other technology leaders urge slower development amid warnings about safety, cyberattacks, and the escalating competition with China.
Kevin Warsh must rally a divided Federal Open Market Committee behind an expected rate increase as officials debate persistent inflation, temporary price shocks and whether tighter policy should continue beyond this week’s closely watched decision.
The 10 year Treasury yield briefly crossed 5% as investors weighed persistent inflation, enormous debt issuance and a 90% probability of a Federal Reserve rate increase, while stocks continued to show resilience despite mounting pressure in the bond market.
Paying off a mortgage is supposed to mark the end of a long financial climb. Yet the FBI [..]
When leaders of some of America’s most valuable technology companies sound the same inflation alarm, consumers and investors [..]
Anthropic CEO Dario Amodei is warning that any serious effort to restrain artificial intelligence development could collapse if [..]
Washington is scrambling to answer renewed warnings about artificial intelligence as executives and researchers concede that the technology [..]
Gold investors spent the week watching the Federal Reserve, but the more consequential signal came from the Treasury [..]
President Donald Trump’s America First agenda is forcing major powers to reconsider how heavily they should rely on [..]
The S&P 500 remains roughly 2% below its all time closing high, even as Treasury yields climb to [..]
President Donald Trump voiced fresh optimism that the United States and Canada could settle their widening trade conflict, [..]
Gold prices pushed higher after an initially restrained response to the latest United States inflation report, as buyers [..]
A hotter than expected reading on core inflation has dramatically increased the likelihood that the Federal Reserve will [..]
White House National Economic Council Director Kevin Hassett is defending President Donald Trump’s proposal to send $5,000 checks [..]