Nvidia’s share price dropped by more than 5% on Thursday as investors’ concerns over its leadership in the booming artificial intelligence sector dampened enthusiasm for its better-than-expected earnings. The company reported impressive quarterly results, but these figures were not enough to soothe the already fragile market sentiment on Wall Street. Companies across various industries, from […]
On Wednesday, trading in US natural gas futures was suspended for more than half an hour. This is the second major disruption in one of the world’s most active commodity markets in a month. Metal contracts were also affected. CME Group said that trading in natural gas futures and options on its Globex electronic trading […]
Bitcoin has slumped to its lowest level since Donald Trump returned to the White House more than a year ago, erasing gains made by the leading digital asset since the pro-crypto president won the election. The largest cryptocurrency continued its nearly four-month downward trend, falling below $74,424.95 and hitting its lowest price since 2025. This […]
After the US Supreme Court rejected Trump’s move to impose so-called reciprocal tariffs globally under the emergency powers act, Trump announced a new 10% global tariff and then threatened to raise it to 15%. According to Bernd Lange, the chair of the European Parliament’s trade committee, the European Commission, which is in charge of the […]
According to informed sources, Nvidia Corporation is on the verge of finalizing an agreement to invest 20 billion US dollars in OpenAI as part of its latest round of financing. This will be the largest single investment by the chipmaker in the developer of ChatGPT. According to people familiar with the matter, Nvidia’s acquisition plan […]
As the yen weakened and bond yields soared, Japanese Prime Minister Sanae Takaichi again issued a warning to the financial markets, saying that the government was ready to take action. “As prime minister, I should not comment on matters that should be determined by the market, but we will take all necessary measures to deal […]
President Donald Trump said that the person he picked for the chair of the Federal Reserve could boost economic growth by 15%, which is an extremely optimistic goal and also highlights the pressure that Kevin Warsh would face if he were confirmed for the position. Trump told Fox Business in an interview that Warsh was […]
Elon Musk has merged SpaceX and xAI, and the combined company is valued at $1.25 trillion. The world’s richest man hopes this will advance his increasingly ambitious plans in the fields of artificial intelligence and space exploration. SpaceX released a statement on its website announcing the acquisition of xAI, which was signed by Musk. According […]
Since ChatGPT burst onto the scene three years ago, there have been numerous sell-offs triggered by artificial intelligence. However, none can be compared to the current plunge that has swept through the stock and credit markets this week. First of all, the speed and scale of the event are astonishing. Within just two days, the […]
Morgan Stanley said that the Federal Reserve led by Kevin Warsh might intensify the volatility in the US Treasury market by reducing communication with the public. Warsh served as a Federal Reserve governor from 2006 to 2011. In May, he was nominated by President Donald Trump to succeed Jerome Powell as the chair of the […]