Despite gen AI hype, venture capitalists are still largely on the sidelines
Even with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold.
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10-year Treasury yield little changed after touching 2024 high
The 10-year Treasury yield was near flat after briefly reaching a new high for the year on Wednesday.
Private payrolls increased by 184,000 in March, better than expected, ADP says
Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday.
Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter
Atlanta Federal Reserve President Raphael Bostic expressed concern Wednesday about the pace of inflation and indicated he doesn't think interest rate cuts should come until much later in the year.
China economists flag GDP slowdown despite Beijing's 'bright future' talk
HONG KONG -- New economic forecasts for China show Beijing's efforts to promote an optimistic narrative have not shaken predictions of a long-term slowdown, with the growth rate seen sinking well below 5%.
Dow tumbles nearly 400 points, falling for a second day in rough start to new quarter: Live updates
The Dow Jones Industrial Average fell for a second day, continuing Wall Street's lackluster start to the quarter, as bond yields rose and traders lowered expectations that the Federal Reserve would cut interest rates in June.
Why streamers are shrinking their content libraries
Every day the streaming landscape is looking more and more like the beast it sought to slay — cable.
Over 100 Hongkongers report feeling tremors after 7.3 magnitude quake hits Taiwan
More than 100 Hongkongers reported feeling tremors after a 7.3-magnitude-strong earthquake hit Taiwan’s southeast coast on Wednesday morning.