US employers announced 97,000 job cuts in May — and AI was blamed for 40% of them
The steady drumbeat of headlines warning that artificial intelligence is disrupting the workforce has left many workers wondering whether their jobs could be next.
Market Analysis
Middle East Fuel Oil Exports Set to Hit Four-Month High
Fuel oil exports from the Middle East are expected to rebound to a four-month high this month as tanker traffic through the Strait of Hormuz picks up and key fuel oil producers Iraq, Saudi Arabia, and Oman have moved to…
Canadian Dollar recovers as Oil prices rebound, US Dollar eases after PCE data
USD/CAD trades around 1.4205 on Thursday at the time of writing, down 0.21% on the day after recently reaching its highest level in 14 months. The pair is correcting lower as the Canadian Dollar (CAD) benefits from a mo…
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Does AppFolio (APPF) Have Affordable Edge Against AI Fears?
Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the "Carillon Eagle Small Cap Growth Fund". A copy of the letter can be downloaded here. Small-cap stocks de…
Apple hikes MacBook and iPad prices, blaming rising chip costs
Apple is increasing the price of MacBooks and iPads worldwide due to rising memory and storage chip costs.
Archrock (AROC) Gains From Increasing Oil Prices
Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the "Carillon Eagle Small Cap Growth Fund". A copy of the letter can be downloaded here. Small-cap stocks de…
Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data
EUR/USD recovers from intraday lows on Thursday as traders digest a heavy batch of US economic data. At the time of writing, the pair trades around 1.1362, staging a rebound from thirteen-month lows reached on Wednesday.
US Dollar: Rally extends as Fed repricing dominates – ABN AMRO
ABN AMRO strategist Georgette Boele notes that recent Dollar strength has been driven mainly by a reassessment of the Federal Reserve outlook, with markets now pricing in rate hikes into 2026. She argues this repricing …
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IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM has unveiled a new chip design which it says could enable manufacturers to cram 100 billion transistors on a silicon chip the size of a fingernail.
IBM hails new 'block of flats' design breakthrough for ultra tiny chips
IBM has unveiled a new chip design which it says could enable manufacturers to cram 100 billion transistors on a silicon chip the size of a fingernail.
Oil price falls to levels not seen since before Iran war
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
US artificial intelligence (AI) giant Anthropic has accused Chinese e-commerce and technology firm Alibaba of "brazenly" and "illicitly" extracting its Claude AI model's capabilities.
Anthropic accuses Chinese rival Alibaba of illicitly extracting AI capabilities
US artificial intelligence (AI) giant Anthropic has accused Chinese e-commerce and technology firm Alibaba of "brazenly" and "illicitly" extracting its Claude AI model's capabilities.
SK Hynix surges 11% after filing for blockbuster Nasdaq listing
Shares of South Korean chip giant SK Hynix surged 11% on Thursday after the company said it plans to raise as much as $29.4 billion in a U.S. stock market listing.
Inside India newsletter: Meet the humans teaching robots to perform routine tasks, as India finds a way to enter the AI race
Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.
Euro softens to near 1.1350 as Fed hike bets rise ahead of PCE inflation data
The EUR/USD pair declines to around 1.1355 during the early Asian trading hours on Thursday. The Euro (EUR) weakens to its lowest level since June 2025 against the US Dollar (USD) as traders increase their bets on US in…
Stocks Rally as Falling Crude Prices Knock Bond Yields Lower
The S&P 500 Index ($SPX) (SPY) today is up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.82%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.50%. September E-mini S&P futures (ESU26) are up +0.56%, an…
Gold falls to seven-month low below $4,000 on rising Fed hike bets, traders brace for US PCE data
Gold price (XAU/USD) tumbles to around $3,995 during the early Asian session on Thursday. The precious metal extends the decline to below the $4,000 psychological level for the first time since November 2025 on the pros…
Micron is tech's new margin king as memory crisis pushes company past Nvidia and Meta
As Micron customers try and adjust to a new reality of constantly rising memory prices, investors in the company are enjoying historic profit margins.
AngloGold Ashanti (AU) Declines More Than Market: Some Information for Investors
AngloGold Ashanti (AU) ended the recent trading session at $47.46, demonstrating a -1.06% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.4%. Elsewhere, the Dow lost 0.98%, …
White House requests $87.6 billion supplemental spending for Iran war, farm aid
The White House on Wednesday asked Congress for $87.6 billion in supplemental spending to pay for the Iran war and a host of other things including aid to U.S. farmers, and Ebola response.
JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the industry remained well capitalized under its annual stress test.
Singapore Dollar: Pressured in strong USD environment – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD has drifted higher on broad US Dollar (USD) strength and softer risk sentiment, with daily momentum bullish and Relative Strength Index (RSI) overbought. Softer Sin…
Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The biggest U.S. banks would be able to absorb more than $708 billion in losses in a severe global recession while continuing to lend to households and businesses, according to the Federal Reserve's annual stress test r…