Fed Barr warns AI has high potential and high risk
Fed Chair Barr said AI has significant potential but also significant risk.
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Fed Chair Barr said AI has significant potential but also significant risk.
U.S. futures were mixed Wednesday, with Dow Jones futures higher and S&P 500 and Nasdaq 100 futures slightly lower, as investors awaited Nvidia's second-quarter earnings and key inflation and GDP data.
U.S. stock futures trade lower as geopolitics intensify after President Donald Trump rejects extending a temporary ceasefire with Iran, while Brent crude holds above $91 and Treasury yields stay elevated.
Michael Burry has put long-duration Treasury bonds back in the spotlight, warning that a combination of AI-driven debt expansion, rising inflation volatility, elevated oil prices and mounting stress in the Treasury basis trade could keep upward pressure on long-term yields — a challenging backdrop for long-duration bon
Iran's IRGC warns ships to use designated Hormuz passage only, threatening action on unauthorized transit
The NHTSA is investigating a Tesla Model 3 crash in Texas that killed a 76-year-old, where the driver claimed to be using partially automated driving systems