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Palantir Technologies raised its annual revenue forecast for the second time this year on Monday, the latest sign that the generative AI boom is driving demand for its software services.
A rapid unloading of "carry trades" extended on Monday, with market participants seeking to roll back on the popular strategy amid a dramatic global sell-off in risk assets.
A wave of anxiety rippled through financial markets yesterday. Stocks fell in the U.S. and around the world as investors zeroed in on signs of a slowing American economy.
Japan stocks confirmed a bear market on Monday as Asia-Pacific markets continued the sell-off from last week, with the Nikkei 225 and Topix dropping over 12%.
Elon Musk has revived a lawsuit against Sam Altman in federal court, alleging that the Tesla boss was manipulated into co-founding OpenAI, according to a court filing published Monday.
SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son's fortune.
LONDON — As a global market sell-off continues amid fears of a looming U.S. recession, the Federal Reserve may have little room for manoeuvre, investor Cole Smead warned Monday.
(Reuters) -- Wall Street's main indexes slumped on Monday as risk appetite among investors dropped on fears of a U.S. recession following weak economic data last week, sending tremors across global markets.