U.S. Stocks Lose $490 Billion in 25 Minutes After Fed Rate Hike
U.S. stocks lost roughly $490 billion in 25 minutes after the Fed raised rates by 25 basis points and signaled continued concern about elevated inflation.
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8 news articles · 1 briefs · 0 guidesU.S. stocks lost roughly $490 billion in 25 minutes after the Fed raised rates by 25 basis points and signaled continued concern about elevated inflation.
Novo Nordisk is partnering with Anthropic to deploy Claude Science and frontier AI models across drug discovery and software development as the pharmaceutical giant seeks to accelerate the creation of new medicines.
X has launched a U.S. Cashtag Program that connects stock and cryptocurrency tickers with price charts, market discussions and trading links through participating brokerages and crypto exchanges.
SK Hynix is reportedly exploring U.S. memory manufacturing with Intel, including a possible Ohio lease or joint venture. The talks remain preliminary, with no agreement announced.
Elon Musk says he is living in an Airstream trailer at xAI's Memphis data center site as the billionaire personally oversees one of the AI company's biggest infrastructure expansions.
Unitree Robotics has lost roughly $30 billion in market value after its spectacular Shanghai debut, prompting concerns that Chinese regulators could tighten scrutiny of humanoid robot companies seeking IPOs.
Boston Dynamics is unlikely to pursue an IPO in 2027 as Hyundai's robotics subsidiary remains unprofitable and has yet to deploy its flagship Atlas humanoid robots at scale.
Wall Street is overwhelmingly preparing for the Federal Reserve to raise interest rates in September, with 19 of 22 major forecasters expecting a hike as persistent inflation reshapes the U.S. monetary policy outlook.
OpenAI is in early discussions with major investors about a new funding round that could value the ChatGPT maker at roughly $1.2 trillion, just months after its record $122 billion raise.
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