Citi’s quant team recommends shorting U.S. stocks, citing 1970s parallels
Citi's quantitative strategists have turned bearish on U.S. equities, cutting their portfolio recommendation to a 5% underweight from a prior…
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Nasdaq Posts Biggest One-Day Drop Since August After OpenAI Revenue Report Rattles AI Stocks
The Nasdaq Composite posted its steepest one-day drop since mid-August after OpenAI told investors its annualized revenue stood at $50…
European Stocks Rebound as Bond Yields Ease, Playing Catch-Up to Wall Street
European equities rebounded at the open as bond yields eased back from recent highs, with major regional indices gaining between…
Asian stocks recover as OpenAI revenue outlook eases AI demand fears
Asian equities recovered from early losses on Friday after a Bloomberg report said OpenAI's annualized revenue could reach $70 billion…
OpenAI revenue shortfall drags Nasdaq lower, chipmakers decline
Financial documents shared with OpenAI's investors show its annualized revenue running about $20 billion below the figure the company had…
