Hyatt Chairman Pritzker leaves board over Epstein ties

Hyatt Chairman Pritzker leaves board over Epstein ties

Thomas Pritzker, executive chairman of Hyatt Hotels Corp., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 2, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. … Read more

Software maker Dassault Systèmes falls 8% as AI fears persist; Europe markets edge higher

Software maker Dassault Systèmes falls 8% as AI fears persist; Europe markets edge higher

European markets traded higher on Monday, as investors digest the key points from this year’s Munich Security Conference. The pan-European Stoxx 600 was up 0.2% at 10:25 a.m. in London (5:25 a.m. ET), with major bourses and most sectors in the region in positive territory. Trading of Dassault Systemes shares were briefly halted Monday after … Read more

The AI trade has entered a puzzling phase. Do we know who the winners are anymore?

The AI trade has entered a puzzling phase. Do we know who the winners are anymore?

All hail Anthropic, the destroyer of everything. What an amazing service. It can wipe out Adobe by allowing you to design something better that has a much simpler commerce system, designed personally for you. That one is child’s play. ServiceNow may call itself the “AI Control Tower” to signify who is in charge, but the … Read more

In bitcoin price plummet, ETF flows are down but aren’t signaling ‘crypto winter’ investor panic

In bitcoin price plummet, ETF flows are down but aren’t signaling ‘crypto winter’ investor panic

Bitcoin’s massive slump from a record price above $126,000 last October has darkened sentiment across the crypto landscape. Faith has been shaken in a trade that was viewed as a digital rival to gold as a store of value, and by some others as a risk-on asset that would continue to boom alongside a crypto-friendly … Read more

Here are 3 factors that drove the big swings in the stock market last week

Here are 3 factors that drove the big swings in the stock market last week

It was a tale of two markets last week: Industrials surged while financial and tech names buckled under the growing weight of artificial intelligence fears. A mixed bag of economic data complicated matters further. Although the S & P 500 bounced slightly Friday following an inflation print that bolstered the future case for lower interest … Read more

ECB makes euro backstop global to bolster currency’s role

ECB makes euro backstop global to bolster currency’s role

The euro steadied near its lowest in a month on Wednesday, nursing steep losses this week as investors counted the cost of the U.S.-EU trade pact. Olena Malik | Moment | Getty Images The European Central Bank unveiled plans on Saturday to widen ⁠access to its euro liquidity backstop, making it globally available and permanent … Read more

The interest rate outlook will get another look next week. Here’s what’s ahead

The interest rate outlook will get another look next week. Here’s what’s ahead

Federal Reserve Chair Jerome Powell ‘s legacy at the helm of the central bank will gain greater attention in the coming weeks, as the central bank’s dual mandate of maximum employment and stable prices appear to be in better balance. The Fed’s latest meeting minutes set to release in the week ahead will be one … Read more

European stocks mixed after latest AI Wall Street sell-off

European stocks mixed after latest AI Wall Street sell-off

FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. Kai Pfaffenbach | Reuters European shares were mixed on Friday, after AI fears triggered another sell-off on Wall Street overnight. The pan-European Stoxx 600 was oscillating around … Read more

U.S., Taiwan finalize deal to cut tariffs, boost purchases of U.S. goods

U.S., Taiwan finalize deal to cut tariffs, boost purchases of U.S. goods

The city skyline is seen with the landmark Taipei 101 building from a lookout point on Elephant Mountain in Taipei on April 14, 2025. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty Images Trump administration officials signed a final reciprocal trade agreement that confirmed … Read more

Restaurant Brands shares fall despite earnings beat, strong international growth

Restaurant Brands shares fall despite earnings beat, strong international growth

Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped expectations, fueled by strong international growth. However, executives said that Burger King’s progress on remodeling U.S. restaurants slowed last year in response to higher costs, and the chain will no longer meet its 2028 deadline to modernize 85% of its domestic locations. The news disappointed … Read more