Browsing: Business

WEF says geoeconomic fragmentation costs the global economy up to $307 billion a year and adds pressure to inflation, trade and finance.

U.S. stocks closed lower in a broad sell-off as the Dow, S&P 500 and Nasdaq retreated from recent highs amid oil and inflation concerns.

Treasury yields rose near 4.5 percent after private payroll gains, job openings and oil prices shaped inflation-sensitive trading.

Peter Schiff’s U.S. stock warning returns as elevated valuations, federal debt, inflation and steady Fed rates frame market risks.

ChatGPT reached 1 billion monthly active app users worldwide in May 2026, marking a record milestone in global AI adoption.

Gold prices rose as U.S. Treasury yields eased, supporting bullion while investors tracked Fed policy, jobs data and metals demand.

European Parliament trade MEPs advanced EU-US tariff legislation covering U.S. goods, safeguards and a June plenary vote in Brussels.

Dollar trading stayed steady near 99 while Bitcoin and Ether declined, leaving global currency moves muted and crypto markets weaker.

Anthropic raised $65 billion in Series H funding, lifting its valuation to $965 billion and placing it ahead of OpenAI among private AI firms.

Gold prices rose as a weaker dollar lifted bullion demand, while lower oil prices and gains in silver, platinum and palladium shaped trading.