Global stock markets traded unevenly as investor enthusiasm around artificial intelligence cooled while ongoing geopolitical tensions and conflict-related fears continued to weigh on sentiment.
Global financial markets rallied and oil prices dropped sharply after China called for a comprehensive ceasefire in the ongoing Iran-US conflict, boosting investor optimism over easing geopolitical tensions and reduced risks to global energy supplies.
Even if Kevin Warsh were to take the helm at the Federal Reserve, expectations of rapid interest rate cuts or sweeping monetary policy changes may be misplaced, as structural constraints and economic conditions would likely guide a cautious, continuity-driven approach
Concerns rise that Trump family business deals could set a precedent for future presidents to profit from public office.
Meta lays off hundreds of employees across Reality Labs, sales, and recruiting as it shifts focus from the metaverse to artificial intelligence.
