4 numbers that explain the wild market in 2021
CNN
From the start, it was clear that 2021 was going to be a different kind of year for markets. After the tumult of 2020, investors were feeling euphoric, betting that the availability of Covid-19 vaccinations would unlock a huge economic rebound that would send stocks soaring.
By and large, they were right.
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Meta is suing the Hong Kong-based maker of the app CrushAI, a platform capable of creating sexually explicit deepfakes, claiming that it repeatedly circumvented the social media company’s rules to purchase ads.
The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount.
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The Washington Post on Wednesday announced it has a new Opinion editor. The move comes four months after it announced a “significant shift” to the Opinion page and the departure of its embattled section chief.
JPMorgan Chase CEO Jamie Dimon warned on Tuesday that encouraging economic data could soon turn worrisome as President Donald Trump’s tariffs continue to bite.
Disney and Universal are suing AI photo generation company Midjourney, marking the first major legal showdown between Hollywood studios and an artificial intelligence company.
Commerce Secretary Howard Lutnick, back in Washington after two days helping to negotiate a US-China trade framework in London, said Wednesday that Trump gave his team permission to back off its aggressive stance against China to get a deal done.
White House AI czar David Sacks dismissed concerns about the potential impact of artificial intelligence on the job market on Tuesday following a dire warning from Anthropic CEO Dario Amodei that unemployment could climb as high as 20 percent in the next one to five years.
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
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Cara Petersen, the Consumer Financial Protection Bureau’s acting enforcement director, resigned from the agency on Tuesday. In an email to colleagues announcing her decision, Petersen slammed the Trump administration’s efforts to dismantle the agency, which was established as a banking watchdog following the 2008 global financial crisis.