Federal Reserve, Wall Street
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Nvidia, Federal Reserve
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The Federal Reserve will announce its latest policy decision today. Chief Economics Correspondent Nick Timiraos explains what central bankers are weighing amid a government shutdown that leaves a gap in official data.
Stock markets hit record highs Wednesday thanks to optimism over US trade deals, the AI sector and an expected interest-rate cut by the US Federal Reserve.
The retail giant's move to slash 14,000 roles offers an early case of how AI could reshape the workforce – and how that could test monetary policy.
The Federal Reserve is expected to cut interest rates, UPS has cut 34,000 jobs, Lilly and NVIDIA are partnering to build an AI factory, ChatGPT will soon have a digital wallet, and Wednesday marks the anniversary of Black Tuesday.
Despite widespread fears that artificial intelligence will lead to major workforce reductions, new data from the Federal Reserve Bank of New York shows little evidence that’s happening yet.
Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier.
Ray Dalio warned that a bubble could be forming, but that it may not pop until the Federal Reserve tightens monetary policy. He spoke at an investing summit in Saudi Arabia.Bridgewater Associates founder Ray Dalio on Tuesday warned that a bubble could be forming around megacap technology in the U.
Ripple’s potential Federal Reserve access may enable faster, low-cost settlements and increase XRP adoption, shaping the future of crypto payments
5don MSNOpinion
The AI bubble could pop the US and global economies
At the International Monetary Fund’s annual meeting last week, the chief economist warned that the AI investment boom has “echoes” of the 1990s dot-com bubble. Previously, former IMF head Kristalina Georgieva said that indicators of financial instability were growing and investors should brace themselves for the challenges ahead.