Hedge fund managers said the current environment — fueled by aggressive spending on AI — is creating a fertile backdrop for bearish wagers
These three artworks could sell for $100 million each next week as May auctions begin
The wild card for the May auctions is the Middle East, with the Iran war clouding buyer expectations.
Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed
Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping.”
Stocks making the biggest moves premarket: Versant, Biogen, Bullish, Cisco and more
These are the stocks posting the largest moves in the premarket.
U.S. can hold AI talks with China because ‘we are in the lead,’ Bessent tells CNBC as nations plan safety protocol
The U.S. Treasury Secretary also said President Donald Trump would likely comment on the Taiwan issue in coming days.
Americans still feel bad about the economy. When will it get better?
U.S. consumer sentiment has been on a downward trend since the Covid-19 pandemic. Inflation, wars and President Trump’s tariffs are to blame, economists say.
Burberry says turnaround on track as Americas and China fuel strong growth
Full-year revenue came in largely in line with expectations at £2.4 billion.
Trump, Xi begin summit in first U.S. presidential trip to Beijing in nearly a decade
U.S. President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday morning for the start of a high-stakes summit that runs through Friday.
Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.
Trump to announce tariff truce extension, aircraft purchases from Boeing in China, traders predict
Traders also think it is likely that the president will talk about Iran, despite his comments that the U.S. doesn’t need China’s help in resolving the war.