The Next Big Thing in AI: Musk's Secret Supplier
Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.
Japan's economy shrinks as Trump's trade war hits exports and shakes confidence
TOKYO (AP) — The Japanese economy contracted at an annual rate of 0.7% in the first quarter, according to government data released Friday, as U.S. President hurt exports and dented consumer confidence.
Trump meets with the Federal Reserve chairman he has repeatedly scorned
WASHINGTON (AP) — President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said.
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European companies cut costs, scale back investments in China as its economy slows
BEIJING (AP) — European companies are cutting costs and scaling back investment plans in China as its and fierce competition , according to an annual survey released Wednesday.
Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate
BERLIN (AP) — The , Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing, official data showed Friday. That was double the growth initially estimated.
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Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.
Asian shares advance after China cuts interest rates to boost economy
Asian shares rallied Tuesday after China cut key interest rates as part of its effort to fend off malaise worsened by the trade war.
Trump's massive import taxes haven't done much economic damage -- yet
WASHINGTON (AP) — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually , and in April.
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UN forecasts slower global economic growth following Trump's tariffs and trade tensions
UNITED NATIONS (AP) — The United Nations on Thursday forecast slower global economic growth this year and next, pointing to the impact of the and .
Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that
WASHINGTON (AP) — Israel Vail’s entire life in the small western Guatemalan town of Cajolá is built off the money that his three children send home from the United States.
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US and Chinese officials meet in Geneva to discuss tariffs as the world looks for signs of hope
GENEVA (AP) — The U.S. treasury secretary and America’s top trade negotiator will meet with high-ranking Chinese officials this weekend to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and to damage global commerce.
Asian stocks are mixed after hopes for China-US talks, trade deal with the UK lift Wall Street
HONG KONG (AP) — Shares were mixed in Asia on Friday as investors pinned their hopes on between China and the U.S.
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Czech central bank cuts key interest rate to 3.5% as inflation drops more than expected
PRAGUE (AP) — The Czech Republic’s central bank cut its key interest rate Wednesday , with lower-than-expected inflation.
Federal Reserve to face tough balancing act between fighting inflation and lifting growth
WASHINGTON (AP) — The Federal Reserve could keep its key rate unchanged for several more months as it seeks to evaluate the impact of President Donald Trump's on and , some economists say, even as the White House for a rate cut.
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Federal Reserve likely to defy Trump, keep rates unchanged this week
WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of and demands from President Donald Trump that the Fed reduce borrowing costs.
Trump says it's Biden's economy, but businesses and economists beg to differ
WASHINGTON (AP) — When the stock market was climbing in January 2024, Donald Trump knew exactly who deserved credit: He did.
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Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy
WASHINGTON (AP) — got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden.
U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business
The U.S. economy shrank at a 0.3% annual pace from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump .
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Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs
NEW YORK (AP) — Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more
Why Trump's call for the Fed to cut interest rates may not help consumers
President Donald Trump is to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers.
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Trump renews attacks on Federal Reserve Chair Powell, accelerating US market slide
WASHINGTON (AP) — President Donald Trump repeated his Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate to boost the economy.
Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
WASHINGTON (AP) — Donald Trump has stepped up on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
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What does it mean that Milei ended Argentina's strict controls on currency and capital?
BUENOS AIRES, Argentina (AP) — The International Monetary Fund disbursed on Tuesday the first installment of Argentina's new after President Javier Milei . For years, the restrictions had set the official exchange rate and barred companies and individuals from moving money freely.
Trump considers pausing his auto tariffs as the world economy endures whiplash
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from on the sector, to give carmakers time to adjust their supply chains.
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UK economy enjoyed unexpected growth spurt in February before Trump tariff turmoil
LONDON (AP) — Official figures Friday showed that the British economy, the world's sixth-largest, enjoyed a growth spurt in February, the month before U.S. President Donald Trump started to roll out tariffs on imported goods.
Energy demand erodes in face of global economic slowdown as trade war intensifies
WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
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Mideast stock markets tumble as US tariffs and low oil prices squeeze energy-producing nations
DUBAI, United Arab Emirates (AP) — Middle East stock markets tumbled Monday as they struggled with the dual hit of and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending.
Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
ARLINGTON, Va. (AP) — The Trump administration’s will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
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