Trump Signs AI Executive Order to Increase Government Oversight
The order is a slimmed-down version of the one Trump shelved last month and asks AI companies to give the administration access to powerful models 30 days before public release.
Market News
Why The "AI Mania" May End Badly
AI-driven stocks, especially major S&P 500 tech names, have surged to extreme valuations, with the index up 20% in two months. Technical indicators and sentiment gauges, such as the put/call ratio, signal overbought conditions and heightened risk of a near-term pullback.
Canada's Carney Says GDP Weakness Reflects Policy Shifts to Rebuild Economy
There are signs of economic weakness in Canada, Prime Minister Carney said, arguing this reflects policy decisions made since he came to power that have been aimed at rewiring the economy to deal with U.S. tariffs.
Trump signs AI executive order asking companies to give government early access to models
Trump signs AI executive order asking companies to give government early access to models
Does the World Need Chinese Rare Earths? Not Necessarily, Say These Companies
Beijing's move to choke off the supply spurred companies to develop new products that could potentially circumvent Chinese sources.
Iran: 'Waiting For Godot'
The ongoing closure of the Strait of Hormuz has created the largest global energy shock since 1973, with over 10 million barrels per day offline. Markets remain complacent despite mounting risks: depleted strategic reserves, surging fuel and commodity prices, and record-low consumer sentiment.
Is the stock market in an AI bubble? A recent warning sign suggests yes
Are we in an AI bubble, similar to the dot-com bubble that burst in the early 2000s? Stock market analysts have been sounding the warning bells for the last year, but those warnings just got louder—and some are answering with a resounding yes.
Top CEOs brace for downturn, warn US economy will worsen in next 6 months
CEO confidence plummeted from a reading of 59 to 47 in just one quarter, as corporate leaders report worsening economic conditions and shrinking hiring plans.
KG on April JOLTS Strength, Fading Rate Cut Hopes & AI Stock Rally
Kevin Green breaks down the latest April JOLTS report to examine why strengthening labor data makes it harder for the Fed to justify interest rate cuts. He also talks about inflation pressures facing the economy, how markets are reacting to the data, and what investors should watch ahead of Friday's job report.
AI demand, earnings optimism lift tech giants' market value in May
The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI chips fuelled a rally in their shares.
Morning Call Sheet: Markets look past Iran as AI drives gains
Tim Seymour, Seymour Asset Management CIO, Gina Martin Adams, HB Wealth Chief Market Strategist, and Chris Hodge, Natixis CIB Americas Chief U.S. Economist, discuss AI, Iran and consumers.
UK's Paragon Banking lifts margin outlook, flags softer consumer sentiment
British buy-to-let lender Paragon Banking Group on Tuesday forecast annual net interest margin at the upper end of previous outlook, but flagged softer consumer and business sentiment amid political and geopolitical uncertainty.
NYC bar uses prediction markets to hedge against a new financial risk: A Knicks victory.
Wall Street investors use financial derivatives to hedge against shifts in interest rates and exchange rates. Farmers use them to lock in the price of their crops.
U.S. Job Openings Increased While Hiring Fell in April
U.S. job openings increased to 7.6 million in April, from 6.9 million in March. Meanwhile, the hiring rate worsened to 3.2% in April from 3.5% in March, with about 5.1 million Americans landing new jobs in April.
Job openings in April surged to 7.6 million, the highest in nearly two years
The Bureau of Labor Statistics reported that available employment hit 7.6 million for April, a surge of 731,000 from the prior month and the highest level since May 2024. While openings jumped, the hiring rate slipped.
The stock market had a great May. Here's what actually drove it
May was a good month to be invested in global stock markets. According to UBS, shares around the world rose almost 5% in a single month and are now up more than 10% since January.
Hammack Says Fed May Need to Respond if Inflation Persists
Cleveland Fed President Beth Hammack, a voting member this year, said policy may not be restrictive enough to bring inflation to 2%.
A frozen labor market might be thawing out: U.S. job openings and hiring leap to 2-year high
The number of U.S. job openings jumped to a two-year high of 7.6 million in April, a surprising increase that suggest businesses might be ready to hire more people after big slowdown in job creation last year.
This Crypto-Trading Platform Is Emerging as Wall Street's Convenience Store
Hyperliquid, founded three years ago by former quant trader Jeff Yan, is always open for business.
Elizabeth Warren Branded Kevin Warsh Trump's ‘Sock Puppet.' His First Fed Meeting May Prove Her Wrong
Few things move markets more than interest rates.
