Since ChatGPT launched, job openings have plunged 30% while the stock market has surged 70%—but one economist says the true culprit isn't AI

Since ChatGPT launched, job openings have plunged 30% while the stock market has surged 70%—but one economist says the true culprit isn’t AI

A chart making the rounds on social media has sparked intense debate about the state of the American economy. Since November 2022, when ChatGPT launched, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%. The juxtaposition has earned the graphic a foreboding nickname: the “scariest chart in the world.”​…

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Bloomberg

US Stock Market today: Wall Street mixed on earnings and Fed caution, Meta Platforms tumbles 11%, Alphabet climbs 5%

Key stock indices on Wall Street were mixed on Thursday after mixed financial reports from major technology firms and comments from Federal Reserve Chair Jerome Powell raised doubts about further interest rate cuts this year. On Wednesday, the Federal Reserve lowered interest rates by 25 basis points but Chair Jerome Powell signaled a subtle shift…

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US markets today: Wall Street drifts near record highs as Big Tech results; Trump-Xi trade talks pull investors in both directions

US markets today: Wall Street drifts near record highs as Big Tech results; Trump-Xi trade talks pull investors in both directions

US markets ended mixed on Thursday, with investors juggling upbeat and cautious signals from Big Tech earnings and renewed optimism around US-China trade ties.The S&P 500 slipped 0.2% from its all-time high earlier this week, while the Nasdaq composite lost 0.6%. The Dow Jones Industrial Average, however, gained 199 points, or 0.5%, by mid-morning trade,…

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