Financial stocks fall with AI and flattening yield curve in focus
US financial stocks fell as investors worried about competition from artificial intelligence, delayed AI-related IPOs, and a flattening Treasury yield curve.
Finance
Nasdaq reaches record high close, AI stocks rally
Driven by a rally in AI-related chip stocks, the Nasdaq reached a record high close, while the S&P 500 hovered just below its record.
Nasdaq sets record high, oil dips on improved crude flows
The Nasdaq hit a record high driven by AI stock demand, while oil prices and Treasury yields fell as Middle East crude flows improved.
Era of race for resources calls for diversification and assets governments can’t print
Global fragmentation is driving a race for resource sovereignty. Amid sticky inflation from AI and decarbonization, investors need strategic diversification into hard assets.
Asian stocks stutter as traders prepare for Fed decision
Asian stocks struggled as investors braced for an expected interest rate hike by the US Federal Reserve to combat high inflation.
Gold edges higher as lower oil prices damp chance of rate hikes
Gold prices edged higher as falling oil prices eased inflation concerns, reducing the likelihood of further interest rate hikes by the US Federal Reserve.
Global stocks rally on lower oil prices, US-China hopes
Global stocks rose as falling oil prices and positive trade talks between US and Chinese officials boosted investor confidence.
Asia-Pacific family offices lead global peers in returns, most bullish on AI investments: Citi
Asia-Pacific family offices outperformed global peers with the highest returns and showed the greatest bullishness on AI investments, according to a Citi Wealth report.
Wall Street expects Meta’s AI agent Muse to shape into a new revenue engine
Wall Street is bullish on Meta following the launch of its AI agent Muse, expecting it to become a major new revenue engine and a widely adopted consumer application.
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
A MAS stress test shows that nearly one-third of Singapore-listed firms are at risk in a severe AI downturn, though most currently remain resilient.
Nasdaq hits record high as chipmakers fuel stock gains
The Nasdaq hit a record closing high, driven by surges in semiconductor and AI stocks like AMD and Intel, alongside falling oil prices and Treasury yields.
Gold steadies as traders weigh inflation and Fed hike outlook
Gold prices steadied around $4,375 an ounce as investors weighed persistent inflation risks and the Federal Reserve's interest rate outlook following its recent rate hike.