Financial News
Curated market news with AI-powered summaries
Federal Reserve Holds Rates Steady, Signals Cautious Path Forward
The Federal Reserve kept interest rates unchanged at its latest meeting, with officials indicating they need more evidence of slowing inflation before cutting borrowing costs.
NVIDIA Surpasses $2 Trillion Market Cap as AI Demand Continues to Surge
NVIDIA's stock hit record highs as data center demand for AI chips shows no signs of slowing. The company's H100 and upcoming Blackwell GPUs remain sold out through 2025.
Apple Vision Pro Sales Disappoint as Company Pivots AI Strategy
Apple's spatial computing headset has not met initial sales projections, prompting the company to shift resources toward AI-powered features in its core iPhone lineup.
S&P 500 Reaches New All-Time High as Economic Data Beats Expectations
The benchmark index climbed to record territory after strong jobs data and resilient consumer spending suggested the US economy remains on solid footing heading into earnings season.
Tesla Reports Record Deliveries Despite Pricing Pressure
Tesla delivered 484,507 vehicles in Q1, beating Wall Street estimates despite a series of price cuts designed to defend market share against Chinese EV competitors.
Bitcoin Hits New All-Time High Following ETF Approval Momentum
The world's largest cryptocurrency surged past $73,000 as institutional inflows into newly approved Bitcoin ETFs accelerated, with BlackRock's fund seeing record daily inflows.
Amazon Web Services Accelerates AI Infrastructure Buildout with $150B Investment
Amazon announced a massive multi-year capital expenditure plan focused on AI data centers and infrastructure, positioning AWS to compete with Microsoft Azure and Google Cloud.
JPMorgan Warns of Elevated Recession Risk in 2025
JPMorgan's chief economist raised the probability of a US recession to 40% citing persistent inflation, high interest rates, and deteriorating consumer credit quality.