Inflation Keeps Prospects of a Fed Rate Cut Low
The Consumer Price Index is one of the last major data releases ahead of Kevin M. Warsh’s first meeting as chair of the Federal Reserve. Source link
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Donald Trump Ai: AI windfall for the public? Donald Trump signals shake-up for tech giants
US President Donald Trump on Wednesday said he expects major artificial intelligence companies to agree to “giving back” to the public, suggesting a model that could involve a government stake or public benefit mechanism tied to AI industry gains, as per Reuters.Speaking at the White House Oval Office, Trump said he would soon meet top…
Bill Gates Says Epstein Tried To Use His Extramarital Affairs Against Him
The billionaire philanthropist testified on Wednesday in a closed-door congressional hearing about the Justice Department’s investigation of Jeffrey Epstein. Source link
India Equity Market: Markets dumped India for AI stars. BlackRock says that’s a mistake
India’s equity market has been “over-punished” for lacking a direct artificial intelligence (AI) play and for its exposure to rising oil prices, according to BlackRock, which said record foreign outflows and a tougher macroeconomic environment have not undermined the country’s medium- to long-term investment prospects.Natasha Sarkaria, EMEA investment strategy lead of wealth at BlackRock, was…
White House Again Shrugs Off High Prices Amid War With Iran
As inflation outpaces workers’ wages, the Trump administration insists that its agenda is working. Source link
‘Avoid trading this like the plague’: Should you invest in SpaceX IPO?
AI image used for representation purposes Elon Musk’s SpaceX is set to debut on stock market this week. It could become the biggest stock market debut in history, with the company expected to raise nearly $75 billion at a valuation of about $1.77 trillion, as per various analysts.Elon Musk is expected to reserve an unusually…
Us Stocks: US stocks today: Wall Street mixed as tech stocks slide, Iran tensions weigh on sentiment
Wall Street’s major indexes traded mixed to lower on Wednesday as investors grappled with a continued selloff in technology stocks, rising geopolitical tensions in the Middle East, and expectations that the Federal Reserve could keep interest rates elevated for longer.The S&P 500 was nearly flat after recovering from an early decline, while the Dow Jones…
Investors Feed A.I. Firms’ Voracious Appetite for New Money
In the race to dominate the artificial intelligence industry, companies like SpaceX and Alphabet are borrowing cash and raising equity from investors at the fastest pace in decades. Source link
Equity Mutual Funds Inflows: Equity fund inflows lose steam as geopolitical risks weigh on markets, hit 12-month low of Rs 22,908 crore in May
Equity mutual funds saw a sharp slowdown in inflows in May, falling to their lowest level in a year as geopolitical tensions in West Asia, rising crude oil prices and market volatility weighed on investor sentiment, according to data released by the Association of Mutual Funds in India (AMFI).Net inflows into equity schemes stood at…