The Federal Reserve dual mandates were in conflict this week, as the softening labour market trumped concerns about stubborn inflation.
Market watchers are waiting to see whether Anthropic or Open AI will go public first.
Tech stocks support market’s best four-day run since May, as NY Fed boss raises prospect of further monetary easing.
Market was mixed post-Nvidia’s result last week, but buoyed by higher earnings and outlook for retail bellwether Walmart.
New Zealand central bank is marching to a ‘different beat’ as US and Australia look set to hold rates.
Tesla’s annual meeting was just one event in a busy calendar for US markets.
Buoyant US technology stocks stood in stark contrast to the likes of restaurant chain Chipotle.
However, gold prices have had their worst week in years.
An expected rate cut by the Fed, the onward march of AI, and surging gold prices belied what was otherwise a choppy week on global markets.
However, caution grows around the potential risks of pumped-up tech stocks.