News

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth.

Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. 

JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.

China's export growth slowed in March as manufacturers grappled with surging energy costs, with the Iran war disrupting supplies, while imports jumped more than expected.

Trading desks across Wall Street have been busy at the start of the year as institutional investors set new positions against the churn of AI-led disruption.

Fears of a private credit crisis arrived just as the growing and less transparent bond market was being included in more fixed-income ETFs.

The investor of the "Big Short" fame said he continues to hold long-dated put options on the artificial intelligence software firm.

BlackRock's Jeffrey Rosenberg has a leading role in the firm's liquid alt ETFs — which use a long-short strategy in ETF wrappers.

The big risk for Beijing is that the Iran war drags down global demand for the exports that are driving China's economic growth.

Startup Shengshu plans to use the money for a "general world model," paving the way for more practical robot applications.