Tag: stocks

ChatGPT’s Alter-Ego ‘Do Anything Now’ Frees AI From Restrictions—but Accuracy Is a Concern

News Analysis Conservatives, libertarians, and others worry that the new ChatGPT AI chatbot is designed to make people conform to elite liberal opinion–yet creative Internet users have already learned how to trick the system into shedding that bias, though sometimes at the expense of the truth. ‘Do Anything Now,’ or DAN, is an approach for…


Dollar Slips After Powell Strikes Balanced Tone on Inflation

LONDON/SINGAPORE—The dollar fell on Wednesday after Federal Reserve Chair Jerome Powell declined to meaningfully harden his tone on inflation, despite very strong U.S. jobs numbers last week. In a question-and-answer session before the Economic Club of Washington on Tuesday, Powell said interest rates might need to move higher than expected if the U.S. economy remained…


Oil Rises for 3rd Day as Rate Hike Concerns Ease

LONDON—Oil rose for a third straight day on Wednesday as investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories. Comments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk appetite and weighing on the dollar….


Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish

LONDON/SINGAPORE—Shares globally jumped and most currencies rose against the dollar on Wednesday, as investors discerned a dovish tone in comments from Fed Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally. MSCI’s world share index rose 0.37 percent, heading back towards the nine-month high it hit in…


Wall Street Rallies After Swerving on Fed Chair’s Comments

NEW YORK—Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The S&P 500 climbed 1.3 percent following a shaky day where stocks pinballed between losses and gains as Fed Chair Jerome Powell gave his first…


BP Makes Record Profit in 2022, Slows Shift From Oil

LONDON—BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. The blockbuster profit follows similar reports from rivals Shell, Exxon Mobil, and Chevron last week after energy prices…


Dow, S&P 500 Open Lower Ahead of Powell Comments

The Dow and the S&P 500 opened lower on Tuesday as investors await Federal Reserve Chair Jerome Powell’s remarks for further clues on how long the U.S. central bank will keep interest rates higher. The Dow Jones Industrial Average fell 121.24 points, or 0.36 percent, at the open to 33,769.78. The S&P 500 opened lower…


Dollar Rally Pauses Ahead of Powell Speech; Aussie Lifted by Hawkish RBA

The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their bets on how high the U.S. Federal Reserve would need to raise interest rates to tame inflation. The big mover on Tuesday was the Australian dollar, which surged as much as 1 percent…


Oil Rises on China Outlook, Supply Worries After Turkey Earthquake

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures were up $1.78, or 2.2 percent, to $82.77 per barrel at 1042 GMT, while West Texas…


Global Stocks Mixed After Wall Street Sinks on Rate Fears

BEIJING—Global stock markets were mixed Tuesday as traders looked ahead to a speech by Federal Reserve Chair Jerome Powell for clues to interest rate plans after Japanese wages rose and Australia’s central bank hiked its key rate again. London and Shanghai gained. Frankfurt, Tokyo, and Wall Street futures declined. Oil prices rose. Last week’s unexpectedly…