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The Trump administration plans a 25% tariff on imported chips not used in U.S. AI development, targeting high-end semiconductors transiting the U.S. for overseas data centers, expected to generate billions in revenue.
Read MoreMajor US indexes declined, with Nasdaq dropping 1% amid a broad tech selloff. Apple, Microsoft, and Meta fell over 2%, while Intel rose 3%. Investor sentiment turned cautious amid market volatility.
Read MoreOpenAI partners with Cerebras in a $10 billion deal to boost AI infrastructure with cutting-edge hardware and next-gen capabilities.
Read MoreThe U.S. Senate Banking Committee prepares to vote on key amendments to the crypto market structure bill, with over 70 bipartisan proposals addressing stablecoin yields, DeFi oversight, and regulatory jurisdiction.
Read MoreSpot silver surged 7% to $93.04 per ounce, hitting a new all-time high. The rally is fueled by strong safe-haven demand and improving industrial outlook, drawing global investor attention.
Read MoreBank of America's CEO highlights the importance of Federal Reserve independence in maintaining US economic stability and avoiding short-term political interference.
Read MoreAccording to Kashkari of the Fed, most businesses are still in the testing phase of AI technology, without large-scale deployment or job cuts.
Read MoreFed's Bostic states policy should remain tight, expects stronger economy in 2026, and predicts inflation won't surge again, with housing-related inflation easing.
Read MoreMinneapolis Fed President Kashkari emphasizes that the next Fed chair must present strong arguments to align policy with Congress’s dual mandate.
Read MoreMeta has cut approximately 10% of its Reality Labs workforce, impacting around 1,500 employees. The move signals a strategic reassessment of its VR and AR investments amid tighter cost controls and a focus on long-term efficiency.
Read MoreThe latest Fed Beige Book indicates cautious optimism, with eight of twelve districts reporting modest growth. Economic activity remains uneven, while inflation pressures and labor market conditions show slight improvement.
Read MoreAnthropic and OpenAI are taking early steps toward IPOs, signaling a major shift in the AI industry. This move follows SpaceX's similar preparations, highlighting a growing trend of tech firms advancing toward public markets.
Read MoreThe high-stakes legal clash between Elon Musk and OpenAI is set to begin April 27, spotlighting AI governance and corporate ethics. The outcome could reshape the future of artificial intelligence development worldwide.
Read MoreFed official Kashkari says balance sheet expansion isn't QE, expects stable inflation and solid growth, ruling out need for new stimulus measures.
Read MoreCalifornia is investigating xAI over allegations its AI generated harmful images. While Musk blames user misuse, regulators and experts question the platform's safeguards, raising concerns about AI content control and accountability.
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