Latest Financial Market News
Federal Reserve economists aren’t sold that AI will actually make workers more productive, saying it could be a one-off invention like the light bulb
A new Federal Reserve Board staff paper concludes that generative artificial intelligence…
Trump orders firing of government labor data chief after jobs report stuns market with massive revisions to previous reports
The decision followed the release of July’s employment report, which showed that…
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming
Following the latest round of tariffs, it’s only a matter of time…
Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian
While West Texas production leader Exxon aims to spike its volumes another…
‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless’, ‘unprecedented’ tariffs so far, stagflation is coming
Following the latest round of tariffs, it’s only a matter of time…
Figma’s 33-year-old cofounder is a former LinkedIn intern who launched the $68 billion Wall Street darling with $100k from Peter Thiel
Closing at $115.50, the IPO instantly catapulted Figma’s valuation to nearly $68…
OpenAI’s latest funding round was so popular early investors were reportedly miffed about being pushed aside to make room for new partners
OpenAI did not wish to comment further on the news, or on…
UBS took a sweeping look at the AI revolution and concluded the ‘visible’ impact is at least 3 years away for consumer firms
“It’s becoming an essential strategic focus and a competitive differentiator across the…
Subzero Labs raises $20 million to build a blockchain for the ‘real world’
“We’re doing something for the real-world users,” Ade Adepoju, cofounder and CEO…
OpenAI’s latest funding round was so popular early investors were reportedly miffed about getting smaller allocations to make room for new partners
OpenAI did not wish to comment further on the news, or on…
