Trending Down
Global market sell-off sparked by recession fears.
Dow Jones fell 2.6%, S&P 500 down 3%, and Nasdaq dropped 3.43%.
Nikkei 225 in Japan plunged 12.4%, its worst day since 1987.
Europe's Stoxx 600 fell 2.2%, and Bitcoin declined 8%.
Fix-it Fed
Chicago Federal Reserve President Austan Goolsbee stated the Fed would respond to economic weakness.
The Fed aims to maximize employment, stabilize prices, and maintain financial stability.
Interest rates may be too restrictive if the economy isn't overheating.
Overruled
Google lost an antitrust case, deemed to have illegally maintained a monopoly over search and text advertising.
The ruling marks a significant federal government action against a major tech company.
Attorney General Merrick Garland emphasized the enforcement of antitrust laws.
Out of OpenAI
OpenAI co-founder John Schulman leaves to join rival AI startup Anthropic.
Schulman aims to focus on AI alignment, noting OpenAI's commitment to this area.
Another Investigation
Elon Musk’s America PAC is under investigation in North Carolina for collecting personal data without helping users register to vote.
The state election board and attorney general's office are looking into the matter.
Global market sell-off sparked by recession fears.
Dow Jones fell 2.6%, S&P 500 down 3%, and Nasdaq dropped 3.43%.
Nikkei 225 in Japan plunged 12.4%, its worst day since 1987.
Europe's Stoxx 600 fell 2.2%, and Bitcoin declined 8%.
Fix-it Fed
Chicago Federal Reserve President Austan Goolsbee stated the Fed would respond to economic weakness.
The Fed aims to maximize employment, stabilize prices, and maintain financial stability.
Interest rates may be too restrictive if the economy isn't overheating.
Overruled
Google lost an antitrust case, deemed to have illegally maintained a monopoly over search and text advertising.
The ruling marks a significant federal government action against a major tech company.
Attorney General Merrick Garland emphasized the enforcement of antitrust laws.
Out of OpenAI
OpenAI co-founder John Schulman leaves to join rival AI startup Anthropic.
Schulman aims to focus on AI alignment, noting OpenAI's commitment to this area.
Another Investigation
Elon Musk’s America PAC is under investigation in North Carolina for collecting personal data without helping users register to vote.
The state election board and attorney general's office are looking into the matter.