Browsing: Business

The World Economic Forum said geoeconomic fragmentation now costs the global economy $213 billion to $307 billion each year. The estimate appears in its new report, Deepening Divides: The Cost of a More Fragmented Financial System. The report said current

U.S. stocks closed lower Wednesday as a broad market sell-off pulled major indexes back from recent highs, with losses concentrated in financial, technology and small-cap shares. The S&P 500 fell 56.10 points, or 0.7 percent, to 7,553.68, ending a nine-session winning streak.

The U.S. 10-year Treasury yield moved back near 4.5 percent on Wednesday and held close to that level on Thursday, after stronger labor market readings and elevated oil prices added pressure to government bonds. The benchmark yield was around 4.49 percent on

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, has renewed his warning that U.S. equities are vulnerable after a prolonged advance that left major benchmarks trading near record levels. In a published interview, Schiff described the

OpenAI’s ChatGPT reached 1 billion monthly active app users worldwide in May 2026, according to data from market intelligence firm Sensor Tower, marking the fastest rise to that level recorded for a consumer app. The estimate places ChatGPT among the

Gold prices rose on Tuesday as U.S. Treasury yields eased, lifting demand for bullion after recent pressure from elevated rates and a firmer dollar. Spot gold advanced 0.8 percent to $4,517.73 per ounce, while U.S. gold futures for August delivery

WASHINGTON, D.C. / Content Syndication Services / — The European Parliament’s trade committee backed legislation on Tuesday to remove import duties on many goods from the United States, advancing a central part of the EU-US trade framework reached in 2025.

The U.S. dollar held steady on Tuesday as global currency markets remained largely rangebound, with traders tracking Middle East diplomacy, energy prices and the U.S. economic calendar. The dollar index, which measures the currency against a basket of major peers,

Anthropic has raised $65 billion in Series H funding at a $965 billion post-money valuation, making the Claude developer the most valuable private artificial intelligence company by reported valuation. The financing round places Anthropic ahead of OpenAI’s most recent disclosed private valuation and

Gold prices advanced on Monday as a softer U.S. dollar made bullion less expensive for buyers using other currencies, while lower oil prices shaped trading across commodities. Spot gold rose 1.5% to $4,574.17 an ounce by 1118 GMT, and U.S.