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The Fed Did What Investors Anticipated. Stocks Plunged Anyway And Nasdaq Entered Correction Territory
Stocks plummeted on Wednesday even though the Federal Reserve left rates unchanged as investors expected.CNBC detailed that the bond market signaled that the central bank could be falling behind...
Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears
A trader works on the floor of the New York Stock Exchange during the afternoon of December 10, 2014 in New York City. Andrew Burton/Getty Images KEY POINTSThe tech-heavy...
How Hedge Funds Made Billions From Forced Buying of SpaceX Shares By Index Funds
KEY POINTSInclusion into the Nasdaq 100 forced passive index funds to automatically SpaceX shares regardless of price.Hedge funds anticipated index rebalancing and positioned ahead of mandatory buying by passive...
Hugging Face Breach By OpenAi Raises Questions About Sandboxing Frontier AI Models
The cybersecurity world has been thrown into chaos after Hugging Face announced on July 16 that it was hacked by an autonomous agent from an OpenAI model.Less than a...
SK Hynix’s Stock Has Been Plummeting. Short Sellers Are Piling Up
SK Hynix's stock has plummeted over the past days. Getty Images The ADRs of South Korean chipmaker SK Hynix have been falling over the past weeks amid a broader...
The Fed Kept Interest Rates Steady, But It Was Not a Unanimous Decision
The Federal Reserve left interest rates unchanged, but stubborn inflationary risks and renewed energy market volatility keep pressure on the central bank to tighten policy later this year. AFP...
Israel Reportedly Believes Iran Moved Centrifuges Deep Beneath a Mountain: ‘Enrichment Is Currently Taking Place’
Israel believes Iran has moved centrifuges to Pickaxe Mountain and is enriching uranium there, according to a new report.Citing a senior diplomatic source, The Jerusalem Post detailed that the...
Republicans Are Renewing Scrutiny Of Pandemic Response With COVID Hearings. Fauci Pleaded The Fifth
Former White House chief medical adviser Dr. Anthony Fauci repeatedly invoked his Fifth Amendment right against self-incrimination while being grilled by Republicans during a contentious Senate hearing Wednesday.The hearing...
UBS CEO Says The Ongoing AI Pullback Is Healthy. But Another Risk Could Be the Next Big Threat for Investors
UBS Chief Executive Sergio Ermotti believes the recent cooling in artificial intelligence-related stocks is not a reason for investors to panic, but geopolitical uncertainty could be, even as the...
Elon Musk Says Technological Advances Will Produce Mass Abundance In the Future. Then, Treasury Should Send Americans Checks
Elon Musk said that the U.S. Treasury should send direct payments to Americans in the future, arguing that advances in artificial intelligence could make work largely optional and fundamentally...
Russia’s Largest Online Retailer Is Being Targeted By Ukrainian Drones Attack As Part Of Its New Strategy: Hitting Moscow’s Economy
Ukraine's long-range drone campaign is expanding beyond oil refineries and military facilities, increasingly targeting the commercial infrastructure that underpins Russia's wartime economy.The latest focus is Wildberries, Russia's largest online...
Mark Zuckerberg Says The U.S. Should Accelerate, Not Pace, AI Development, Warning More Restrictions Could Put China Ahead.
Meta CEO Mark Zuckerberg is urging the United States to move faster on artificial intelligence rather than slowing the technology with new regulations, arguing that innovation, not restriction, is...