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U.S. stock futures fell on July 17, led by tech stocks, as doubts over the sustainability of the AI-driven rally triggered a sell-off. Nasdaq 100 futures dropped sharply, signaling investor reassessment of sector risks.
Read MoreFederal Reserve Vice Chair Jefferson stated current monetary policy is well-positioned to support the labor market and lower inflation. However, he warned that if inflation does not cool soon, the Fed may need to reconsider its stance, including potential rate hikes, highlighting a data-dependent approach.
Read MoreInvestment giant T.Rowe Price, with nearly $2 trillion AUM, has launched its first active cryptocurrency ETF, TKNZ. This strategic move into crypto during a market downturn signals growing institutional acceptance of digital assets.
Read MoreOn July 17th, major US stock indices closed lower, led by a broad decline in tech stocks. Semiconductor and storage-related shares faced heavy selling pressure, with many falling over 5%. Risk-off sentiment prevailed across hardware, silver, and crypto-linked sectors.
Read MoreTrump Media & Technology Group is launching a paid API service that provides real-time access to posts from top accounts, including Donald Trump's, much faster than standard notifications. Aimed at firms sensitive to information delays, the service launches August 1st.
Read MoreOpenAI Chairman Bret Taylor firmly denied allegations that employees stole Apple's trade secrets, stating the company has "no interest" in rivals' proprietary data. He also outlined OpenAI's strategic move into custom AI hardware, framing it as essential to fulfilling its mission of ensuring AGI benefits humanity.
Read MoreA senior Iranian advisor warns that attacks on civilian targets could escalate into strikes on critical infrastructure, potentially disrupting regional energy supplies. US forces are accused of attacks in multiple Iranian provinces, raising tensions.
Read MoreGoogle DeepMind's CEO proposes an international independent body to test and review advanced AI models before release, with support from OpenAI's Altman and Elon Musk. The initiative aims to coordinate industry efforts and enhance AI safety through expert-led scrutiny.
Read MoreThe White House stated that Iran continues talks with the U.S., seeking relief from severe economic pressure. Recent U.S. actions are attributed to Iran's violations of a prior understanding, highlighting the delicate state of bilateral relations.
Read MoreMicrosoft is reportedly developing a new AI-powered security tool designed to automatically scan for software vulnerabilities and generate fixes. Leveraging multiple AI models, the tool aims to transform how security flaws are identified and patched in the development lifecycle.
Read MoreThe US Dollar Index rose 0.27% on July 16, closing at 100.763. This rebound breaks recent weakness and may signal shifting expectations for Fed policy and safe-haven demand, offering key insights for forex traders.
Read MoreGoogle's flagship AI model Gemini 3.5 Pro is months behind schedule, primarily due to its technical capabilities falling short of internal targets, especially in code generation. The delay has sparked internal frustration and fears that rivals like Anthropic and OpenAI may gain an edge. Integrating the AI across Google's vast product suite adds further complexity.
Read MoreNvidia-backed AI company Fireworks reports annualized revenue surpassing $1 billion, a fivefold year-over-year increase. Following a $1.5 billion funding round valuing the company at $175 billion, it has successfully diversified its client base from a single major contributor to serving enterprises adopting open-source models.
Read MoreSpaceXAI has launched Grok 4.5 across its platform and mobile apps, with availability on Grok Build and Cursor. The model is priced at $2 per million input tokens and $6 per million output tokens, making advanced AI more accessible for developers.
Read MoreA Federal Reserve official struck a cautious tone on inflation, noting recent data is encouraging but more evidence is needed. Policymakers warned against prematurely declaring victory and emphasized the need to include food prices in core inflation assessments. The Fed remains data-dependent.
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