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Stocks Sharply Lower on Inflation Woes and Slumping Chipmakers

Korean stocks were trading more than 6 percent lower late Monday morning as investors dumped market heavyweights amid a tech slump sparked by a U.S. chip slide and concerns over a possible hawkish pivot of the U.S. Fede…

Markets

Dollar Ticks Up and Gold Slides on US Inflation News

(Kitco News) – Gold prices saw another volatile week as persistent Middle East uncertainty offered only limited safe-haven support, while stronger U.S. labor data, rising Treasury yields, and renewed Fed rate-hike conce…

Markets

Fairfax selected to acquire 60.72% stake in IDBI Bank for $5.6B

Fairfax Financial Holdings Ltd., run by Canadian billionaire Prem Watsa, is putting 528.78 billion rupees to work in IDBI Bank, marking the biggest foreign investment in India's fast-growing finance space. According to …

Markets

OpenAI sued by 8 states over ChatGPT safety concerns

Eight states filed lawsuits against OpenAI on Wednesday alleging that the artificial intelligence company's ChatGPT chatbot is an unsafe product that's harmed children and deceived parents.

Markets

AI Demand Outstrips Supply: ASML’s Booming Backlog

The most consequential number in artificial intelligence this week will not come from a hyperscaler's quarterly filing or a GPU shipment tally. It will emerge from Veldhoven, the Netherlands, before U.S. markets open on…